ACCOUNTS - Final Accounts preparation

KINGSLEY-DRAKE ESTATES LIMITED - Company Information

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Registered number: 08650815

KINGSLEY-DRAKE ESTATES LTD

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2014

KINGSLEY-DRAKE ESTATES LTD

REGISTERED NUMBER: 08650815

ABBREVIATED BALANCE SHEET

AS AT 31 AUGUST 2014

2014

	Note	£	£
FIXED ASSETS
Investments	2		680,452

CURRENT ASSETS
Cash in hand	1
CREDITORS: amounts falling due within one year	(681,238)
NET CURRENT LIABILITIES		(681,237)

NET LIABILITIES

(785)

CAPITAL AND RESERVES
Called up share capital	3	1
Profit and loss account		(786)

SHAREHOLDERS' DEFICIT

(785)

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2014 and of its loss for the period in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 13 May 2015.

Mr CM Drake

Director

The notes on page 2 form part of these financial statements.

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KINGSLEY-DRAKE ESTATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2014

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Turnover
		Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

	1.3	Investments
		Investments held as fixed assets are shown at cost less provision for impairment.

2.FIXED ASSET INVESTMENTS

		£
	Cost or valuation
	At 14 August 2013	-
	Additions	680,452
	At 31 August 2014	680,452

	Net book value
	At 31 August 2014	680,452

3.SHARE CAPITAL

			2014
			£
		Allotted, called up and fully paid

		1 Ordinary share of £1	1

During the year one £1 Ordinary share was issued at par value to Mr C Drake the director.

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