Abbreviated Company Accounts - O' KANE ESTATES LIMITED

O' KANE ESTATES LIMITED - Company Information

03261290 O' KANE ESTATES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03261290 2014-01-01 2014-12-31 03261290 2014-12-31 03261290 2013-12-31 03261290 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03261290 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03261290

O' KANE ESTATES LIMITED

Abbreviated Accounts

31 December 2014

O' KANE ESTATES LIMITED Registered Number 03261290

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	122,440	122,440
		122,440	122,440
Current assets
Stocks		280,671	280,671
Debtors		3,000	3,405
Cash at bank and in hand		202,390	194,605
		486,061	478,681
Creditors: amounts falling due within one year		(274,219)	(270,793)
Net current assets (liabilities)		211,842	207,888
Total assets less current liabilities		334,282	330,328
Total net assets (liabilities)		334,282	330,328
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		334,182	330,228
Shareholders' funds		334,282	330,328

For the year ending 31 December 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.

Approved by the Board on 22 September 2015

And signed on their behalf by:
M A O'Kane, Director

O' KANE ESTATES LIMITED Registered Number 03261290

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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.

Turnover policy
Turnover represents rental income receivable.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and equipment - 20% straight line

Other accounting policies
Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2Tangible fixed assets

	£
Cost
At 1 January 2014	127,550
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	127,550
Depreciation
At 1 January 2014	5,110
Charge for the year	-
On disposals	-
At 31 December 2014	5,110
Net book values
At 31 December 2014	122,440
At 31 December 2013	122,440

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100