Kelmarsh (Events) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05023035 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

KELMARSH (EVENTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr CL Greville-Heygate

Mr RG Flenley

SECRETARY:

Mrs L A Denton

REGISTERED OFFICE:

Kelmarsh Hall

Kelmarsh

Northampton

NN6 9LY

REGISTERED NUMBER:

05023035 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr P Bott FCA

AUDITORS:

Mark J Rees LLP, Statutory Auditor

Chartered Accountants

Granville Hall

Granville Road

Leicester

LE1 7RU

BANKERS:

HSBC

15 High Street

Market Harborough

Leicestershire

LE16 7NN

CURRENT ASSETS

Stocks

3,620

3,483

Debtors

3

30,545

31,744

Cash at bank and in hand

59,858

63,737

94,023

98,964

CREDITORS

Amounts falling due within one year

4

86,173

91,114

NET CURRENT ASSETS

7,850

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,850

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

5

6,850

SHAREHOLDERS' FUNDS

7,850

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 26 September 2018 and were signed on its behalf
by:

Mr RG Flenley - Director

1.	STATUTORY INFORMATION

Kelmarsh (Events) 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.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

TURNOVER

Turnover is recognised at the date events are held. Income and deposits received for events held after the year

end are included as deferred income, and released to the profit and loss account once the events have taken

place.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or

defective items where appropriate.

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.

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the

effective interest method, less any impairment.

CREDITORS

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,

are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost

using the effective interest method.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

6,120

26,133

Amounts owed by group undertakings

21,833

2,145

Other debtors

2,592

3,466

30,545

31,744

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade creditors

10,070

1,794

Other creditors

76,103

89,320

86,173

91,114

5.

RESERVES

Retained

earnings

£

At 1 April 2017

6,850

Profit for the year

-

At 31 March 2018

6,850

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr P Bott FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP, Statutory Auditor

7.	ULTIMATE PARENT COMPANY

In the directors' opinion, the company's ultimate parent company is The Kelmarsh Trust, whose registered office

is Kelmarsh Hall, Kelmarsh, Northampton, Northamptonshire, NN6 9LY.

The group accounts can be obtained from the Charity Commission website.

Kelmarsh (Events) Limited - Accounts to registrar (filleted) - small 18.2

Kelmarsh (Events) Limited - Accounts to registrar (filleted) - small 18.2