Kingston Gorse Estate (Sussex) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00269507 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Kingston Gorse Estate (Sussex) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Chatterton

J R Willmott

N T Green

Mrs K M Kenning

W K Wilkie

A W Morcombe

S G Hannon

SECRETARY:

Hobdens Property Management Limited

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

00269507 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

3

11,161

12,940

CURRENT ASSETS

Debtors

4

1,100

1,045

Cash at bank

189,410

188,235

190,510

189,280

CREDITORS

Amounts falling due within one year

5

20,355

13,710

NET CURRENT ASSETS

170,155

175,570

TOTAL ASSETS LESS CURRENT LIABILITIES

181,316

188,510

CAPITAL AND RESERVES

Called up share capital

1,171

1,171

Major works fund

6

45,742

41,742

Retained earnings

6

134,403

145,597

SHAREHOLDERS' FUNDS

181,316

188,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 September 2018 and were signed on its behalf by:

M Chatterton - Director

1.	STATUTORY INFORMATION

Kingston Gorse Estate (Sussex) Limited 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 the amount of rates receivable during the year from the company's plot holders and road

usage charges.

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost and at varying rates on cost

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

1,794

47,642

49,436

Additions

-

2,515

2,515

At 31 March 2018

1,794

50,157

51,951

DEPRECIATION

At 1 April 2017

-

36,496

36,496

Charge for year

-

4,294

4,294

At 31 March 2018

-

40,790

40,790

NET BOOK VALUE

At 31 March 2018

1,794

9,367

11,161

At 31 March 2017

1,794

11,146

12,940

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Service charge debtors

61

214

Other debtors

1,039

831

1,100

1,045

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Service charge creditors

13,209

5,176

Taxation and social security

428

871

Other creditors

6,718

7,663

20,355

13,710

6.

RESERVES

Major

Retained

works

earnings

fund

Totals

£

£

£

At 1 April 2017

145,597

41,742

187,339

Deficit for the year

(7,194

)

(7,194

)

Major works fund transfer

(4,000

)

4,000

-

At 31 March 2018

134,403

45,742

180,145

7.	GREENSWARD

The company owns certain land on the Estate which includes the Greensward and the verges and estate roads

(other than Sea Lane).

No value has been attributed to the land in the accounts, as it is considered vehicular and pedestrian rights of way

over the same would effectively prevent them from being sold or developed for any consideration.