KWC (Barnfield) Limited - Period Ending 2017-12-31

Registration number: 04715031

KWC (Barnfield) Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

KWC (Barnfield) Limited
(Registration number: 04715031)

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

KWC (Barnfield) Limited
(Registration number: 04715031)

Company Information

Director

Mr R W McLarin

Company secretary

Mrs D M McLarin

Registered office

1 Colleton Crescent Exeter Devon EX2 4DG

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Page 1

KWC (Barnfield) Limited
(Registration number: 04715031)

Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Investments		261,495	261,495
Capital and reserves
Called up share capital		40	40
Profit and loss account		261,455	261,455
Total equity		261,495	261,495

For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 February 2018
 

.........................................

Mr R W McLarin

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

KWC (Barnfield) Limited
(Registration number: 04715031)

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

The principal place of business is:
15 Barnfield Road
Exeter
Devon
EX1 1RR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 3

KWC (Barnfield) Limited
(Registration number: 04715031)

Notes to the Financial Statements for the Year Ended 31 December 2017

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 
 

3	Investments

	2017 £	2016 £
Investments in subsidiaries	261,495	261,495

Subsidiaries	£
Cost or valuation
At 1 January 2017	261,495
Provision
Carrying amount
At 31 December 2017	261,495
At 31 December 2016	261,495

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		Holding	Proportion of voting rights and shares held
			2017	2016
Subsidiary undertakings
King Wilkinson & Co Limited		Ordinary	100%	100%

The principal activity of King Wilkinson & Co Limited is Chartered Surveyors.. Its financial period end is 30 June.

Page 4

KWC (Barnfield) Limited
(Registration number: 04715031)

Notes to the Financial Statements for the Year Ended 31 December 2017

The profit for the financial period of King Wilkinson & Co Limited was £11,811 and the aggregate amount of capital and reserves at the end of the period was £76,789.

Page 5