Kinder Estates Limited - Period Ending 2013-11-30

Registration number: 05473885

Kinder Estates Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Kinder Estates Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Kinder Estates Limited
(Registration number: 05473885)
Abbreviated Balance Sheet at 30 November 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets		2			1,016,338			979,769
Investments					77			152
					1,016,415			979,921
Current assets
Stocks					110,498			110,498
Debtors					7,183			54,571
Cash at bank and in hand					3,166			443
					120,847			165,512
Creditors: Amounts falling due within one year					(6,489)			(5,089)
Net current assets					114,358			160,423
Total assets less current liabilities					1,130,773			1,140,344
Creditors: Amounts falling due after more than one year					(1,560,907)			(1,555,191)
Net liabilities					(430,134)			(414,847)
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					(430,144)			(414,857)
Shareholders' deficit					(430,134)			(414,847)

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Kinder Estates Limited
(Registration number: 05473885)
Abbreviated Balance Sheet at 30 November 2013
......... continued

For the year ending 30 November 2013 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.

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

Approved by the Board on 20 August 2014 and signed on its behalf by:

.........................................
J Kinder
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the directors' not requiring the withdrawal of their monies owed to them until sufficient funds are available.

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings freehold	No depreciation is charged
Fixtures, fittings and equipment	25% reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occured at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Page 3

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 December 2012		984,631			152			984,783
Additions		36,920			1			36,921
Disposals		-			(76)			(76)
At 30 November 2013		1,021,551			77			1,021,628
Depreciation
At 1 December 2012		4,862			-			4,862
Charge for the year		351			-			351
At 30 November 2013		5,213			-			5,213
Net book value
At 30 November 2013		1,016,338			77			1,016,415
At 30 November 2012		979,769			152			979,921

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Sunflower Smile Limited	Ordinary	76%	Day Nursery
Green Man Taverns Limited	Ordinary	100%	Public House

The loss for the financial period of Sunflower Smile Limited was £20,257 and the aggregate amount of capital and reserves at the end of the period was £34.

The loss for the financial period of Green Man Taverns Limited was £8,311 and the aggregate amount of capital and reserves at the end of the period was (£86,878).

Page 4

Kinder Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary A shares of £1 each		3			3			3			3
Ordinary B shares of £1 each		3			3			3			3
Ordinary C shares of £1 each		1			1			1			1
Ordinary D shares of £1 each		1			1			1			1
Ordinary E shares of £1 each		1			1			1			1
Ordinary F shares of £1 each		1			1			1			1
		10			10			10			10

Page 5