Kushville Ltd - Accounts to registrar (filleted) - small 17.3

Kushville Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 06246507(England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2017

for

KUSHVILLE LTD

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Contents of the Financial Statements
for the year ended 31 May 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KUSHVILLE LTD

Company Information
for the year ended 31 May 2017







DIRECTORS: Mrs K K Sidhu
Dr K Sidhu





REGISTERED OFFICE: Unit 3, Waterside Business Park
1649 Pershore Road
Kings Norton
Birmingham
West Midlands
B30 3DR





REGISTERED NUMBER: 06246507(England and Wales)





ACCOUNTANTS: Stanley Yule Chartered Accountants
Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Balance Sheet
31 May 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 380 -
Investment property 4 230,423 -
230,803 -

CURRENT ASSETS
Debtors 5 54,450 -
Cash at bank 841 1
55,291 1
CREDITORS
Amounts falling due within one year 6 286,089 -
NET CURRENT (LIABILITIES)/ASSETS (230,798 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 5 1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4 -
5 1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Balance Sheet - continued
31 May 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 February 2018and were signed on its behalf
by:





Dr K Sidhu- Director


KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Notes to the Financial Statements
for the year ended 31 May 2017


1. STATUTORY INFORMATION

Kushville Ltd is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable during the financial period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Notes to the Financial Statements - continued
for the year ended 31 May 2017


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 380
At 31 May 2017 380
NET BOOK VALUE
At 31 May 2017 380

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 230,423
At 31 May 2017 230,423
NET BOOK VALUE
At 31 May 2017 230,423

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,999 -
Other debtors 52,451 -
54,450 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 286,089 -