Kenmare Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06026204

KENMARE DEVELOPMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Kenmare Developments Limited for the year ended 31 December 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Kenmare Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kenmare Developments Limited and state those matters that we have agreed to state to the director of Kenmare Developments Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kenmare Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kenmare Developments Limited. You consider that Kenmare Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kenmare Developments

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

Date: .............................................

Page

Chartered Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

309

-

Investments

3

2

2

311

2

CURRENT ASSETS

Debtors

4

509,576

467,076

Cash at bank

9,460

66,844

519,036

533,920

CREDITORS

Amounts falling due within one year

490,283

486,393

NET CURRENT ASSETS

28,753

47,527

TOTAL ASSETS LESS CURRENT LIABILITIES

29,064

47,529

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

29,063

47,528

SHAREHOLDERS' FUNDS

29,064

47,529

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 director acknowledges her 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 director on 25 September 2015 and were signed by:

Mrs S Kavanagh - Director

1.	ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Kenmare Developments Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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 net sales during the year (excluding value added tax) adjusted for accrued and deferred

income where applicable.

Depreciation

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

Office equipment

-

20% on cost

Fixed assets

All fixed assets are initially recorded at cost.

Taxation

The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax is provided in full on temporary differences which arise between the carrying value of an asset or

liability and its tax base. Deferred tax assets are recognised to the extent that it is probable that there will be

sufficient profits in the future to enable the assets to be utilised. Deferred tax assets and liabilities are not

discounted.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

323

At 31 December 2014

323

DEPRECIATION

Charge for year

14

At 31 December 2014

14

NET BOOK VALUE

At 31 December 2014

309

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

2

NET BOOK VALUE

At 31 December 2014

2

At 31 December 2013

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nascot Homes Limited

Nature of business: Development of building projects

%

Class of shares:

holding

Ordinary

66.66

31/7/15

31/7/14

£

£

Aggregate capital and reserves

3

3

Loss for the year/period

(32,033

)

(32,033

)

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 509,576 (2013 - £ 467,076 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

1

1

1

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mrs S Kavanagh by virtue of her 100% shareholding.