Ken Ross Investments Limited - Period Ending 2017-08-31

Registration number: 03619466

Ken Ross Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2017

Ken Ross Investments Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 4

Ken Ross Investments Limited

Registration number: 03619466

Balance Sheet as at 31 August 2017

	Note	2017 £	2016 £
Fixed assets
Other financial assets	3	170,788	114,289
Current assets
Cash at bank and in hand		29,894	59,831
Creditors: Amounts falling due within one year	4	(5,499)	(1,554)
Net current assets		24,395	58,277
Net assets		195,183	172,566
Capital and reserves
Called up share capital		2	2
Profit and loss account		195,181	172,564
Total equity		195,183	172,566

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 1

Ken Ross Investments Limited

Registration number: 03619466

Balance Sheet as at 31 August 2017 (continued)

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

Directors' 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 directors acknowledge their 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 Board on 22 May 2018 and signed on its behalf by:
 

K C L Ross

Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Ken Ross Investments Limited

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

1	General information

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

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 3

Ken Ross Investments Limited

Notes to the Financial Statements for the Year Ended 31 August 2017 (continued)

3	Fixed asset investments

	Listed investments £	Other unlisted investments £	Total £
Cost or valuation
At 1 September 2016	89,289	25,000	114,289
Fair value adjustments	(1,449)	-	(1,449)
Additions	172,237	-	172,237
Disposals	(89,289)	(25,000)	(114,289)
At 31 August 2017	170,788	-	170,788
Carrying amount
At 31 August 2017	170,788	-	170,788
At 31 August 2016	89,289	25,000	114,289

 

The market valuation of listed investments at 31 August 2017 was £170,788 (31 August 2016 - £130,086)

4

Creditors

Creditors: amounts falling due within one year

	Note	2017 £	2016 £
Due within one year
Taxation and social security		4,269	324
Other creditors		1,230	1,230
		5,499	1,554

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