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REGISTERED NUMBER: 08156779 (England and Wales)










Report of the Directors and

Financial Statements

for the Year Ended 31 December 2016

for

KINGSLEY HAMILTON MANAGEMENT LTD
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 6

Other Comprehensive Income 7

Statement of Financial Position 8

Statement of Changes in Equity 9

Statement of Cash Flows 10

Notes to the Statement of Cash Flows 11

Notes to the Financial Statements 12

KINGSLEY HAMILTON MANAGEMENT LTD

Company Information
for the Year Ended 31 December 2016







DIRECTORS: K Tumber
J M K Leung





REGISTERED OFFICE: 10th Floor
One Canada Square
Canary Wharf
London
E14 5AA





REGISTERED NUMBER: 08156779 (England and Wales)





AUDITORS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Report of the Directors
for the Year Ended 31 December 2016

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of information technology consultancy.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this report.

K Tumber
J M K Leung

PRINCIPAL RISKS, UNCERTAINTIES AND FINANCIAL INSTRUMENTS
The financial instruments are comprised of finance leases, inter company balances, cash and liquid resources, debtors, creditors and
accrued expenses.

The directors consider the most significant risk in respect of financial assets and liabilities is that relating to credit risk on trade
debtors. This is addressed via normal credit control procedures and adequate debt provisioning.

KEY PERFORMANCE INDICATORS
The directors use a number of KPI's to assess performance, the principle ones being the monitoring of profitability on each contract
with budgeted profitability and the monitoring of overall company profitability and cash flows with budgets and forecasts.

EMPLOYEES
The company has well developed policies for fair and equal treatment of all colleagues, employment of disabled persons and
colleague participation. During employment the company seeks to work with each individual, taking into account their personal
circumstances, to enable them to reach and maximise their potential.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable
law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements
unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the
company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue
in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of
which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order
to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Maths Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Report of the Directors
for the Year Ended 31 December 2016

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K Tumber - Director


29 September 2017
Report of the Independent Auditors to the Members of
Kingsley Hamilton Management Ltd

We have audited the financial statements of Kingsley Hamilton Management Ltd for the year ended 31 December 2016 on pages
six to sixteen. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act
2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to
them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the
opinions we have formed.

Respective responsibilities of directors and auditors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable
assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an
assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied
and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation
of the financial statements. In addition, we read all the financial and non-financial information in the Report of the Directors to
identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially
incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we
become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.


Opinion on financial statements
In our opinion the financial statements:
- give a true and fair view of the state of the company's affairs as at 31 December 2016 and of its profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit, the information given in the Report of the Directors for the
financial year for which the financial statements are prepared is consistent with the financial statements, and has been prepared in
accordance with applicable legal requirements. In the light of the knowledge and understanding of the company and its
environment, we have not identified any material misstatements in the Report of the Directors.
Report of the Independent Auditors to the Members of
Kingsley Hamilton Management Ltd


Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our
opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not
visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic
Report or in preparing the Report of the Directors.




Suken B Majithia FCCA (Senior Statutory Auditor)
for and on behalf of Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

29 September 2017
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Income Statement
for the Year Ended 31 December 2016

31.12.16 31.12.15
Notes £    £   

TURNOVER 16,042,006 19,674,394

Cost of sales 15,522,994 19,191,227
GROSS PROFIT 519,012 483,167

Administrative expenses 369,583 429,867
OPERATING PROFIT 4 149,429 53,300

Amounts written off investments 5 (308,233 ) -
PROFIT BEFORE TAXATION 457,662 53,300

Tax on profit 6 29,835 11,542
PROFIT FOR THE FINANCIAL YEAR 427,827 41,758
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Other Comprehensive Income
for the Year Ended 31 December 2016

31.12.16 31.12.15
Notes £    £   

PROFIT FOR THE YEAR 427,827 41,758


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

427,827

41,758
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Statement of Financial Position
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 13,773 20,557

CURRENT ASSETS
Debtors 8 2,384,673 1,621,980
Cash at bank and in hand 434,320 1,209,900
2,818,993 2,831,880
CREDITORS
Amounts falling due within one year 9 2,304,036 2,201,850
NET CURRENT ASSETS 514,957 630,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,730

650,587

CREDITORS
Amounts falling due after more than one year 10 - (548,276 )

PROVISIONS FOR LIABILITIES 12 (2,755 ) (4,163 )
NET ASSETS 525,975 98,148

CAPITAL AND RESERVES
Called up share capital 13 1,000 1,000
Retained earnings 14 524,975 97,148
SHAREHOLDERS' FUNDS 525,975 98,148

The financial statements were approved by the Board of Directors on 29 September 2017 and were signed on its behalf by:





K Tumber - Director

KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Statement of Changes in Equity
for the Year Ended 31 December 2016

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 January 2015 1,000 55,390 56,390

Changes in equity
Total comprehensive income - 41,758 41,758
Balance at 31 December 2015 1,000 97,148 98,148

Changes in equity
Total comprehensive income - 427,827 427,827
Balance at 31 December 2016 1,000 524,975 525,975
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Statement of Cash Flows
for the Year Ended 31 December 2016

31.12.16 31.12.15
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (768,201 ) (137,238 )
Tax paid (7,379 ) (7,404 )
Net cash from operating activities (775,580 ) (144,642 )

Cash flows from investing activities
Purchase of tangible fixed assets - (28,420 )
Net cash from investing activities - (28,420 )

Cash flows from financing activities
Amount introduced by directors - 503,250
Amount withdrawn by directors - (503,250 )
Net cash from financing activities - -

Decrease in cash and cash equivalents (775,580 ) (173,062 )
Cash and cash equivalents at beginning of
year

2

1,209,900

1,382,962

Cash and cash equivalents at end of year 2 434,320 1,209,900
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Notes to the Statement of Cash Flows
for the Year Ended 31 December 2016

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
31.12.16 31.12.15
£    £   
Profit before taxation 457,662 53,300
Depreciation charges 6,784 7,863
464,446 61,163
Increase in trade and other debtors (762,693 ) (908,750 )
(Decrease)/increase in trade and other creditors (469,954 ) 710,349
Cash generated from operations (768,201 ) (137,238 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these
Statement of Financial Position amounts:

Year ended 31 December 2016
31.12.16 1.1.16
£    £   
Cash and cash equivalents 434,320 1,209,900
Year ended 31 December 2015
31.12.15 1.1.15
£    £   
Cash and cash equivalents 1,209,900 1,382,962
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Kingsley Hamilton Management Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the basis that the company has support from loans from its associated companies with
no fixed repayment date of these loans.

Turnover
The turnover shown in the profit and loss account represents the value of work carried out in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position 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. EMPLOYEES AND DIRECTORS
31.12.16 31.12.15
£    £   
Wages and salaries 13,974,255 17,401,341
Social security costs 1,545,708 1,781,359
15,519,963 19,182,700
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. EMPLOYEES AND DIRECTORS - continued

The average monthly number of employees during the year was as follows:
31.12.16 31.12.15

Directors 2 2
Direct labour 327 420
329 422

31.12.16 31.12.15
£    £   
Directors' remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.16 31.12.15
£    £   
Depreciation - owned assets 6,784 7,863
Auditors' remuneration 12,500 12,500

5. AMOUNTS WRITTEN OFF INVESTMENTS
31.12.16 31.12.15
£    £   
Inter-company loan write off (308,233 ) -

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.16 31.12.15
£    £   
Current tax:
UK corporation tax 31,243 7,379

Deferred tax (1,408 ) 4,163
Tax on profit 29,835 11,542
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained
below:

31.12.16 31.12.15
£    £   
Profit before tax 457,662 53,300
Profit multiplied by the standard rate of corporation tax in the UK of 20% (2015 -
20%)

91,532

10,660

Effects of:
Depreciation in excess of capital allowances 1,357 820
Change in tax rate - 90
Marginal relief - (80 )
Depreciation for the year in excess of capital allowances - (4,111 )
Deferred taxation (1,408 ) 4,163
Amount written off investment (61,646 ) -
Total tax charge 29,835 11,542

7. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2016
and 31 December 2016 28,420
DEPRECIATION
At 1 January 2016 7,863
Charge for year 6,784
At 31 December 2016 14,647
NET BOOK VALUE
At 31 December 2016 13,773
At 31 December 2015 20,557

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 714,553 819,481
Other debtors 1,656,667 778,519
Prepayments 13,453 23,980
2,384,673 1,621,980
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 14,178 5,425
Corporation tax 31,243 7,379
Social security and other taxes 1,196,227 1,408,228
Other creditors 349,346 45,816
Accrued expenses 713,042 735,002
2,304,036 2,201,850

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.16 31.12.15
£    £   
Other creditors - 548,276

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.16 31.12.15
£    £   
Within one year 11,925 -
Between one and five years 7,012 -
18,937 -

12. PROVISIONS FOR LIABILITIES
31.12.16 31.12.15
£    £   
Deferred tax 2,755 4,163

Deferred
tax
£   
Balance at 1 January 2016 4,163
Accelerated capital allowances (1,408 )
Balance at 31 December 2016 2,755

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.16 31.12.15
value: £    £   
1,000 Ordinary £1 1,000 1,000
KINGSLEY HAMILTON MANAGEMENT LTD (REGISTERED NUMBER: 08156779)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

14. RESERVES
Retained
earnings
£   

At 1 January 2016 97,148
Profit for the year 427,827
At 31 December 2016 524,975

15. PENSION COMMITMENTS

The company operates a defined contribution scheme for employees who wish to be part of it. The amount outstanding at
the year end was £2,000 (2015 - £nil).

16. RELATED PARTY DISCLOSURES

During the year, the company paid management fees of £238,843 (2015 - £262,297) to a fellow associate Kingsley
Hamilton Limited.

At the year end the company was owed £186,388 (2015 - £45,816 due to), £1,460,279 (£2015 - £754,519) and £10,000
(2015 - £10,000) by fellow associates Kingsley Hamilton Limited, Kingsley Hamilton Estates Limited and Smart City
Rooms Limited respectively. No interest is due on these loans. These is shown within other debtors.

At the year end the company owed it's fellow associates Kingsley Hamilton Group Limited, and Cloud Nine Platinum
Limited, £347,346 (2015 - £14,000 due from) and £nil (2015 - £548,276) respectively. No interest is payable on these
loans. These are shown within other creditors. No fixed repayment date has been set for the repayment of loans with its
associate companies.

17. ULTIMATE CONTROLLING PARTY

The company was under the control of K Tumber throughout the current and previous year.

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