Kersland Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC207325 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

KERSLAND PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S J Devine

REGISTERED OFFICE:

9 Kersland Drive

Milngavie

Glasgow

Lanarkshire

G62 8DG

REGISTERED NUMBER:

SC207325 (Scotland)

ACCOUNTANTS:

Macfarlane Gray

part of French Duncan LLP

Chartered Accountants

Macfarlane Gray House

Castlecraig Business Park

Springbank Road

Stirling

Stirlingshire

FK7 7WT

SOLICITORS:

MacRoberts

152 Bath Street

Glasgow

G2 4TB

FIXED ASSETS

Tangible assets

2

231,145

231,145

Investments

3

21,900

21,900

253,045

253,045

CURRENT ASSETS

Debtors

106,577

102,270

Cash at bank and in hand

58,659

62,574

165,236

164,844

CREDITORS

Amounts falling due within one year

(35,867

)

(37,727

)

NET CURRENT ASSETS

129,369

127,117

TOTAL ASSETS LESS CURRENT LIABILITIES

382,414

380,162

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

382,412

380,160

SHAREHOLDERS' FUNDS

382,414

380,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 April 2015 and were signed by:

Mr S J Devine - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets

Intangible assets are amortised at 33% per annum.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

231,145

NET BOOK VALUE

At 31 July 2014

231,145

At 31 July 2013

231,145

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2013

and 31 July 2014

21,900

NET BOOK VALUE

At 31 July 2014

21,900

At 31 July 2013

21,900

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

1

2

2