KORMAX COUNTRY DEVELOPMENTS LTD Accounts filed on 31-10-2014

LAUREL PROPERTY LTD - Company Information

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KORMAX COUNTRY DEVELOPMENTS LTD

Company Registration Number:
05956359 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st November 2013

End date: 31st October 2014

SUBMITTED

Company Information
for the Period Ended 31st October 2014

Director:		DAVID KOMARONI
		NEIL JOHN PLANT



Company secretary:		JACQUELINE ANN MEGEARY



Registered office:		Kormax Addington Business Park Addington Business Park


		Addington
		Buckingham
		MK18 2JX




Company Registration Number:		05956359 (England and Wales)

Abbreviated Balance sheet
As at 31st October 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	2	542,460	541,489
Total fixed assets:		542,460	541,489
Current assets
Debtors:	3	116	94
Cash at bank and in hand:		11,550	10,258
Total current assets:		11,666	10,352
Creditors
Creditors: amounts falling due within one year	4	533,455	562,432
Net current assets (liabilities):		( 521,789 )	( 552,080 )
Total assets less current liabilities:		20,671	( 10,591 )
Creditors: amounts falling due after more than one year:	5	13,050	17,490
Total net assets (liabilities):		7,621	( 28,081 )

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st October 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	7	1,000	1,000
Profit and Loss account:		6,621	( 29,081 )
Total shareholders funds:		7,621	( 28,081 )

For the year ending 31 October 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 15 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: DAVID KOMARONI
Status: Director
Name: NEIL JOHN PLANT
Status: Director

The notes form part of these financial statements

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

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared on a going concern basis under the assumption that the company will continue to receive financial support from its two directors.

Turnover policy

Turnover represents the value of all services sold during the period, less returns received at selling price exclusive of Vallue Added Tax.

Tangible fixed assets depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives Land and Buildings 0% straight line Developments to property 2% straight line Plant and machinery 25% straight line

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

2. Tangible assets

	Total
Cost	£
At 01st November 2013:	547,429
Additions:	6,560
At 31st October 2014:	553,989
Depreciation
At 01st November 2013:	5,940
Charge for year:	5,589
At 31st October 2014:	11,529
Net book value
At 31st October 2014:	542,460
At 31st October 2013:	541,489

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

3. Debtors

	2014 £	2013 £
Prepayments and accrued income:	116	94
Total:	116	94

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

4. Creditors: amounts falling due within one year

For the year ended 31.10.2014 Creditors £528955 Bank Loan £4500

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

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

	2014 £	2013 £
Bank loans and overdrafts:	13,050	17,490
Total:	13,050	17,490

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

7. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1,000	1.00 1.00	1,000
Total share capital:			1,000

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1,000	1.00 1.00	1,000
Total share capital:			1,000

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

9. Related party disclosures

During the current period the Company has been under the control of the two directors, Mr D. Komaroni and Mr N. J. Plant. The directors are of the opinion that no one party has ultimate control as each director owns 50% of the issued share capital The two directors maintained loan accounts with the company during the period under review. The loan account is free of interest and is repayable upon demand. At the balance sheet date the company owed the two directors the following amounts: Mr D. Komaroni £253,343; Mr N. Plant £255,343. Mr N. Plant was paid the total sum of £612 for subcontract work during the period.

KORMAX COUNTRY DEVELOPMENTS LTD Accounts filed on 31-10-2014