REGISTERED NUMBER: 01023877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

A. & K. HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C M Loxton

M R Loxton

REGISTERED OFFICE:

St Madoc

Llanmadoc

Gower

Swansea

SA3 1DE

REGISTERED NUMBER:

01023877 (England and Wales)

ACCOUNTANTS:

Gordon Wood Scott & Partners Limited

Chartered Accountants

Dean House

94 Whiteladies Road

Clifton

Bristol

BS8 2QX

FIXED ASSETS

Tangible assets

3

1,104,681

1,104,957

CURRENT ASSETS

Prepayments and accrued income

2,238

2,129

Cash at bank

4,138

3,895

6,376

6,024

CREDITORS

Amounts falling due within one year

4

(55,924

)

(71,966

)

NET CURRENT LIABILITIES

(49,548

)

(65,942

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,055,133

1,039,015

PROVISIONS FOR LIABILITIES

5

(136,910

)

(136,642

)

NET ASSETS

918,223

902,373

CAPITAL AND RESERVES

Called up share capital

6

5,000

5,000

Retained earnings

913,223

897,373

SHAREHOLDERS' FUNDS

918,223

902,373

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

Approved and authorised for issue by the Board of Directors on 23 February 2019 and were signed on its behalf by:

Mrs C M Loxton - Director

1.	STATUTORY INFORMATION

A. & K. Holdings 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 preparation

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 as modified to a fair value basis for certain fixed assets.

Turnover

Turnover comprises rental income receivable.

Tangible fixed assets

Investment properties are measured at fair value. Gains and losses arising from changes in fair value are included

in the Income Statement in the period in which they occur. Deferred tax is recognised on these movements.

Plant & machinery is depreciated at 15% on the reducing balance in order to write off each asset over its

estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2018

1,100,000

26,987

1,126,987

Additions

-

549

549

At 31 December 2018

1,100,000

27,536

1,127,536

DEPRECIATION

At 1 January 2018

-

22,030

22,030

Charge for year

-

825

825

At 31 December 2018

-

22,855

22,855

NET BOOK VALUE

At 31 December 2018

1,100,000

4,681

1,104,681

At 31 December 2017

1,100,000

4,957

1,104,957

The investment property was valued by the directors at fair value on the basis of open market value in existing

use at 31 December 2018.

The historical cost of the investment property is £47,918 (£47,918 : 2017)

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

12,330

4,444

Trade creditors

1,224

500

Taxation and social security

9,083

8,846

Other creditors

33,287

58,176

55,924

71,966

5.	PROVISIONS FOR LIABILITIES

31.12.18

31.12.17

£

£

Deferred tax

136,910

136,642

Deferred

tax

£

Balance at 1 January 2018

136,642

Provided during year

268

Balance at 31 December 2018

136,910

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

5,000

Ordinary

£1

5,000

5,000