Kinder Estates Limited - Period Ending 2016-11-30

Registration number: 05473885

Kinder Estates Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Kinder Estates Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 6

Kinder Estates Limited
(Registration number: 05473885)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			2,307,534			1,297,844
Investments					76			77
					2,307,610			1,297,921
Current assets
Stocks					110,498			110,498
Debtors					33,242			78,380
Cash at bank and in hand					4,186			4,608
					147,926			193,486
Creditors: Amounts falling due within one year					(24,444)			(22,259)
Net current assets					123,482			171,227
Total assets less current liabilities					2,431,092			1,469,148
Creditors: Amounts falling due after more than one year					(2,392,224)			(1,906,925)
Net assets/(liabilities)					38,868			(437,777)
Capital and reserves
Called up share capital		3			10			10
Revaluation reserve					479,137			-
Profit and loss account					(440,279)			(437,787)
Shareholders' funds/(deficit)					38,868			(437,777)

The notes on pages 3 to 6 form an integral part of these financial statements.
Page 1

Kinder Estates Limited
(Registration number: 05473885)
Abbreviated Balance Sheet at 30 November 2016
......... continued

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 August 2017 and signed on its behalf by:

.........................................
V R Kinder
Director

The notes on pages 3 to 6 form an integral part of these financial statements.
Page 2

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the directors' not requiring the withdrawal of their monies owed to them until sufficient funds are available.

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold investment properties	No depreciation is charged
Fixtures, fittings and equipment	25% reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Page 3

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 4

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 December 2015		1,304,418			77			1,304,495
Revaluations		479,137			-			479,137
Additions		531,234			-			531,234
Disposals		-			(1)			(1)
At 30 November 2016		2,314,789			76			2,314,865
Depreciation
At 1 December 2015		6,574			-			6,574
Charge for the year		681			-			681
At 30 November 2016		7,255			-			7,255
Net book value
At 30 November 2016		2,307,534			76			2,307,610
At 30 November 2015		1,297,844			77			1,297,921

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Sunflower Smile Limited		Ordinary	76%	Day Nursery

The profit for the prior financial period of Sunflower Smile Limited was £20,157 and the aggregate amount of capital and reserves at the end of the prior period was £2,917. No formal accounts have been produced for the current financial period as at signing date of these accounts.

Page 5

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A shares of £1 each		3			3			3			3
Ordinary B shares of £1 each		3			3			3			3
Ordinary C shares of £1 each		1			1			1			1
Ordinary D shares of £1 each		1			1			1			1
Ordinary E shares of £1 each		1			1			1			1
Ordinary F shares of £1 each		1			1			1			1
		10			10			10			10

4

Control

The company is controlled by J and V R Kinder.

Page 6