KINGSTON PROPERTY SERVICES LIMITED

KINGSTON PROPERTY SERVICES LIMITED

KINGSTON PROPERTY SERVICES LIMITED - Company Information

Print Friendly Version

KINGSTON PROPERTY SERVICES LIMITED

Company Registration Number:
04032016 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

KINGSTON PROPERTY SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

KINGSTON PROPERTY SERVICES LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 30,000 61,000
Tangible assets: 4 232,000 217,000
Total fixed assets: 262,000 278,000
Current assets
Debtors: 5 810,000 636,000
Cash at bank and in hand: 469,000 895,000
Total current assets: 1,279,000 1,531,000
Creditors: amounts falling due within one year: 6 (1,343,000) (1,611,000)
Net current assets (liabilities): (64,000) (80,000)
Total assets less current liabilities: 198,000 198,000
Total net assets (liabilities): 198,000 198,000
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 197,900 197,900
Shareholders funds: 198,000 198,000

The notes form part of these financial statements

KINGSTON PROPERTY SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2018
and signed on behalf of the board by:

Name: J. Johnston
Status: Director

The notes form part of these financial statements

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 6 0

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 121,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2018 121,000
Amortisation
At 01 April 2017 60,000
Charge for year 31,000
On disposals 0
Other adjustments 0
At 31 March 2018 91,000
Net book value
At 31 March 2018 30,000
At 31 March 2017 61,000

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 277,000
Additions 26,000
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2018 303,000
Depreciation
At 01 April 2017 60,000
Charge for year 11,000
On disposals 0
Other adjustments 0
At 31 March 2018 71,000
Net book value
At 31 March 2018 232,000
At 31 March 2017 217,000

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Debtors

2018 2017
££
Debtors due after more than one year: 0 0

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

6. Creditors: amounts falling due within one year note

Creditors - amounts falling due within one year recognises amounts due to the Group Parent company, other related party undertakings, HMRC, trade creditors and deferred income.

KINGSTON PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

7. Related party transactions

Name of the related party: Bernicia Group
Relationship:
Parent company
Description of the Transaction: Related party transactions with the Group were recognised in respect to salary recharges and office rent
£
Balance at 01 April 2017 932,000
Balance at 31 March 2018 654,000