Karomich Real Estate Limited - Limited company - abbreviated

REGISTERED NUMBER: 04380106 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

KAROMICH REAL ESTATE LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Gelvan

R Faber

K Riarh

SECRETARY:

Mrs M Faber

REGISTERED OFFICE:

Unit F3 Enterprise Way

Vale Business Park

Evesham

Worcestershire

WR11 6GS

REGISTERED NUMBER:

04380106 (England and Wales)

ACCOUNTANTS:

Allchurch Bailey Limited

Chartered Accountants and Statutory Auditor

Almswood House

93 High Street

Evesham

Worcestershire

WR11 4DU

BANKERS:

HSBC Bank Plc

32 Bridge Street

Evesham

Worcestershire

WR11 4RU

FIXED ASSETS

Tangible assets

2

1,169

1,917

Investment property

3

125,000

126,169

126,917

CURRENT ASSETS

Debtors

1,446

6,833

Cash at bank

4,487

2,056

5,933

8,889

CREDITORS

Amounts falling due within one year

46,845

53,446

NET CURRENT LIABILITIES

(40,912

)

(44,557

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,257

82,360

PROVISIONS FOR LIABILITIES

50

180

NET ASSETS

85,207

82,180

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

24,970

Profit and loss account

59,237

56,210

SHAREHOLDERS' FUNDS

85,207

82,180

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

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

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.

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 Board of Directors on 20 April 2015 and were signed on its behalf by:

R Faber - Director

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 rental charge, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising from the 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

7,486

DEPRECIATION

At 1 January 2014

5,569

Charge for year

748

At 31 December 2014

6,317

NET BOOK VALUE

At 31 December 2014

1,169

At 31 December 2013

1,917

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2014

and 31 December 2014

125,000

NET BOOK VALUE

At 31 December 2014

125,000

At 31 December 2013

125,000

The investment property was purchased on 27 March 2002 at open market value. The property was revalued on

11 May 2011 by Roger Warrington F.R.I.C.S.

The cost represents cost as at 1 January 2009 and at 31 December 2009 £100,030 together with revaluation

surplus of £24,970.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary "A"

£1

1,000

Karomich Real Estate Limited - Limited company - abbreviated - 11.6

Karomich Real Estate Limited - Limited company - abbreviated - 11.6