K N PROPERTIES LIMITED Accounts filed on 31-08-2014

K N PROPERTIES LIMITED - Company Information

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K N PROPERTIES LIMITED

Company Registration Number:
05726662 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st September 2013

End date: 31st August 2014

SUBMITTED

Company Information
for the Period Ended 31st August 2014

Director:		MR N PARMAR
		MR K ARMSTRONG



Company secretary:		MR N PARMAR



Registered office:		Armstrong's Mill 173 Charnwood Road


		Shepshed
		Leicestershire
		LE12 9NN




Company Registration Number:		05726662 (England and Wales)

Abbreviated Balance sheet
As at 31st August 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	2	1,630,983	1,655,983
Total fixed assets:		1,630,983	1,655,983
Current assets
Debtors:		-	8,572
Cash at bank and in hand:		1,219	3
Total current assets:		1,219	8,575
Creditors
Creditors: amounts falling due within one year	3	302,039	262,045
Net current assets (liabilities):		( 300,820 )	( 253,470 )
Total assets less current liabilities:		1,330,163	1,402,513
Creditors: amounts falling due after more than one year:	4	607,458	731,313
Provision for liabilities:	5	6,786	10,728
Total net assets (liabilities):		715,919	660,472

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st August 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	6	400,000	400,000
Revaluation reserve:		157,938	157,938
Profit and Loss account:		157,981	102,534
Total shareholders funds:		715,919	660,472

For the year ending 31 August 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 29 May 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: MR N PARMAR
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities, subject to the departures referred to below.

Turnover policy

Turnover represents the value of rentals received and receivable for the letting of property, exclusive of value added tax.

Tangible fixed assets depreciation policy

Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economic life of that asset as follows: Fixtures & Fittings - 10% straight line

Valuation information and policy

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This is in accordance with the FRSSE which does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

2. Tangible assets

	Total
Cost	£
At 01st September 2013:	1,837,233
At 31st August 2014:	1,837,233
Depreciation
At 01st September 2013:	181,250
Charge for year:	25,000
At 31st August 2014:	206,250
Net book value
At 31st August 2014:	1,630,983
At 31st August 2013:	1,655,983

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

3. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year: As at 31 August 2014 - £302,039 As at 31 August 2013 - £262,045

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

4. Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year: As at 31 August 2014 - £607,458 As at 31 August 2013 - £731,313

Notes to the Abbreviated Accounts
for the Period Ended 31st August 2014

6. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	400,000	1.00 1.00	400,000
Total share capital:			400,000

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	400,000	1.00 1.00	400,000
Total share capital:			400,000

K N PROPERTIES LIMITED Accounts filed on 31-08-2014