CNK Properties Limited - Limited company - abbreviated - 11.6
CNK Properties Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| CNK PROPERTIES LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| CNK PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 DECEMBER 2014 |
| The financial statements were approved by the Board of Directors on |
| CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller entities (effective April |
| 2008). |
| Turnover |
| Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent |
| becomes due under the lease agreement. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| The company's investment properties are held for long term investment and are included in the balance sheet at |
| their open market values. No depreciation is provided in respect of Freehold and long leasehold investment |
| properties. An investment property on short leasehold where the remaining life is less than 20 years is amortised |
| over the life of the lease. |
| This policy represents a departure from statutory accounting principles, which require depreciation to be |
| provided on all fixed assets. The director consider that this policy is necessary in order that the accounts may |
| give a true and fair view because current values and changes in current values are of prime importance rather |
| than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the |
| valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified. |
| All Investment properties are revalued every year. The surplus(es) or deficit(s) on revaluation of such properties |
| are transferred to revaluation reserve, apart from when the revaluation is below the original cost and in the |
| opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss |
| account. On the disposal of a revalued fixed asset, any related balances in the revaluation reserve are transferred |
| to the profit and loss account as a movement in reserves. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 January 2014 |
| Revaluations |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 28,639 | 31,680 |
| CNK PROPERTIES LIMITED (REGISTERED NUMBER: 07459946) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| 'A' Ordinary shares | £1 |
| 'B' Ordinary shares | £1 |
| 200 | 200 |
| 5. | UNPROVIDED DEFERRED TAX |
| No provision has been made for deferred taxation in relation to the leasehold property as the directors do not |
| envisage the sale of the property in the foreseeable future. |
| The deferred tax that would be due on a future sale of the company's assets is calculated at £4986 |
| (2013: £0 ) |