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REGISTERED NUMBER: 08691728 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 September 2018

for

KINGSGATE HOMES LIMITED

KINGSGATE HOMES LIMITED (REGISTERED NUMBER: 08691728)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSGATE HOMES LIMITED

Company Information
for the Year Ended 30 September 2018







DIRECTORS: Mr J C Chudleigh
Mrs N Chudleigh





REGISTERED OFFICE: 8 Grasmere Park
Whitstable
Kent
CT5 3PP





REGISTERED NUMBER: 08691728 (England and Wales)





ACCOUNTANTS: MMP Limited
Chartered Certified Accountants
18/20 Canterbury Road
Whitstable
Kent
CT5 4EY

KINGSGATE HOMES LIMITED (REGISTERED NUMBER: 08691728)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,225 33,934

CURRENT ASSETS
Stocks 1,117,222 809,884
Debtors 5 15,455 3,125
Cash at bank 145,644 455,554
1,278,321 1,268,563
CREDITORS
Amounts falling due within one year 6 948,035 910,410
NET CURRENT ASSETS 330,286 358,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,511

392,087

PROVISIONS FOR LIABILITIES 6,218 4,072
NET ASSETS 369,293 388,015

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 369,291 388,013
SHAREHOLDERS' FUNDS 369,293 388,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KINGSGATE HOMES LIMITED (REGISTERED NUMBER: 08691728)

Balance Sheet - continued
30 September 2018


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 30 May 2019 and were signed on its behalf
by:





Mr J C Chudleigh - Director


KINGSGATE HOMES LIMITED (REGISTERED NUMBER: 08691728)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

Kingsgate Homes 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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.

KINGSGATE HOMES LIMITED (REGISTERED NUMBER: 08691728)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2017 12,500 11,996 1,706
At 30 September 2018 12,500 11,996 1,706
DEPRECIATION
At 1 October 2017 - 2,046 734
Charge for year - 1,199 146
Eliminated on disposal - - -
At 30 September 2018 - 3,245 880
NET BOOK VALUE
At 30 September 2018 12,500 8,751 826
At 30 September 2017 12,500 9,950 972

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2017 14,894 4,266 45,362
Additions 24,300 650 24,950
Disposals (10,899 ) - (10,899 )
At 30 September 2018 28,295 4,916 59,413
DEPRECIATION
At 1 October 2017 7,301 1,347 11,428
Charge for year 6,824 893 9,062
Eliminated on disposal (6,302 ) - (6,302 )
At 30 September 2018 7,823 2,240 14,188
NET BOOK VALUE
At 30 September 2018 20,472 2,676 45,225
At 30 September 2017 7,593 2,919 33,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Other debtors 15,455 3,125

KINGSGATE HOMES LIMITED (REGISTERED NUMBER: 08691728)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade creditors 13,908 1,698
Taxation - 78,996
Social security and other taxes 658 326
Directors' current accounts 932,232 828,316
Accrued expenses 1,237 1,074
948,035 910,410