Abbreviated Company Accounts - KNOLL PROPERTIES LIMITED

KNOLL PROPERTIES LIMITED - Company Information

01495007 KNOLL PROPERTIES LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 01495007 2014-06-01 2015-05-31 01495007 2015-05-31 01495007 2014-05-31 01495007 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 01495007 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 01495007

KNOLL PROPERTIES LIMITED

Abbreviated Accounts

31 May 2015

KNOLL PROPERTIES LIMITED Registered Number 01495007

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	108	145
		108	145
Current assets
Stocks		75,000	75,000
Cash at bank and in hand		1,415	1,415
		76,415	76,415
Creditors: amounts falling due within one year		(209,624)	(209,024)
Net current assets (liabilities)		(133,209)	(132,609)
Total assets less current liabilities		(133,101)	(132,464)
Total net assets (liabilities)		(133,101)	(132,464)
Capital and reserves
Called up share capital	3	22,502	22,502
Profit and loss account		(155,603)	(154,966)
Shareholders' funds		(133,101)	(132,464)

For the year ending 31 May 2015 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.

Approved by the Board on 24 September 2015

And signed on their behalf by:
Mr C Dowling, Director

KNOLL PROPERTIES LIMITED Registered Number 01495007

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Fixtures, fittings & equipment - 25% per annum reducing balance
Motor vehicles - 25% per annum reducing balance

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

2Tangible fixed assets

	£
Cost
At 1 June 2014	10,488
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	10,488
Depreciation
At 1 June 2014	10,343
Charge for the year	37
On disposals	-
At 31 May 2015	10,380
Net book values
At 31 May 2015	108
At 31 May 2014	145

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
22,502 Ordinary shares of £1 each	22,502	22,502