Abbreviated Company Accounts - KINGSCROFT MANAGEMENT LIMITED

Abbreviated Company Accounts - KINGSCROFT MANAGEMENT LIMITED

KINGSCROFT MANAGEMENT LIMITED - Company Information

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Registered Number 01996059

KINGSCROFT MANAGEMENT LIMITED

Abbreviated Accounts

30 June 2014

KINGSCROFT MANAGEMENT LIMITED Registered Number 01996059

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 426 473
426 473
Current assets
Debtors 3 5,804 7,479
Cash at bank and in hand 34,387 33,540
40,191 41,019
Creditors: amounts falling due within one year (1,959) (4,174)
Net current assets (liabilities) 38,232 36,845
Total assets less current liabilities 38,658 37,318
Total net assets (liabilities) 38,658 37,318
Capital and reserves
Called up share capital 307 307
Other reserves 40,085 40,085
Profit and loss account (1,734) (3,074)
Shareholders' funds 38,658 37,318
  • For the year ending 30 June 2014 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 26 February 2015

And signed on their behalf by:
Gary Macey, Director
Neil Hudders, Director

KINGSCROFT MANAGEMENT LIMITED Registered Number 01996059

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Leasehold properties - Straight line over the life of the lease. The annual service charge includes a provision for future major repair costs which is accumulated in the maintenance fund.

2Tangible fixed assets
£
Cost
At 1 July 2013 1,372
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 1,372
Depreciation
At 1 July 2013 899
Charge for the year 47
On disposals -
At 30 June 2014 946
Net book values
At 30 June 2014 426
At 30 June 2013 473

Title to the freehold land was transferred to the company by Marples Ridgway, the developers of the Kingscroft Court in 1998 at negligible costs. Leasehold agreements of nine hundred and nine years were made between the developers and the tenants of the units. The developers then passed on the rights and obligations under the leasehold agreements to the company when the land was transferred.

3Debtors
2014
£		 2013
£
Debtors include the following amounts due after more than one year 5,804 7,479