Katrin Properties Limited - Limited company - abbreviated - 11.6
Katrin Properties Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| KATRIN PROPERTIES LIMITED |
| KATRIN PROPERTIES LIMITED (REGISTERED NUMBER: 04638155) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company information | 1 |
| Abbreviated balance sheet | 2 |
| Notes to the abbreviated accounts | 4 |
| KATRIN PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Certified Accountants |
| KATRIN PROPERTIES LIMITED (REGISTERED NUMBER: 04638155) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| KATRIN PROPERTIES LIMITED (REGISTERED NUMBER: 04638155) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2015 |
| The financial statements were approved by the director on |
| KATRIN PROPERTIES LIMITED (REGISTERED NUMBER: 04638155) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 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). |
| EXEMPTION FROM PREPARING A CASH FLOW STATEMENT |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company |
| qualifies as a small company. |
| TURNOVER |
| Turnover represents rental income received from residential and commercial properties during the |
| year. |
| TANGIBLE FIXED ASSETS |
| Furniture & appliances | - |
| Office equipment | - |
| INVESTMENT PROPERTIES |
| The company's Investment Properties are held for long-term investment and are kept in a continual |
| good state of repair. They are not depreciated and their values are reviewed annually. |
| Although this accounting policy is in accordance with the FRSSE (effective April 2008) it is a departure |
| from the general requirement of Companies Act 2006 for all tangible assets to be depreciated. In the |
| opinion of the director compliance with this standard is necessary for the financial statements to give |
| true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual |
| valuation and the amount of this which might otherwise have been charged can not be separately |
| identified or quantified. |
| Investment Properties are carried in the balance sheet at valuation as carried out by a qualified |
| chartered surveyor in 2012. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| PROPERTY TRANSACTIONS |
| The purchase and sale of properties are included on the basis of completion during the year. |
| REPAIRS & MAINTENANCE |
| All repairs, maintenance and renewal costs are written off as incurred. |
| Certain refurbishment costs which are part of major property refurbishment programmes may, |
| depending on the nature of the works being undertaken, be capitalised in the balance sheet as part of |
| investment properties. |
| KATRIN PROPERTIES LIMITED (REGISTERED NUMBER: 04638155) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Repayable by instalments | 2,597,645 | 2,404,493 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| Ordinary | £1.00 |