Kakushin Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03897021 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

KAKUSHIN LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J McHugh

Ms P B McHugh

REGISTERED OFFICE:

1-3 Heathmans Road

Parsons Green

London

SW6 4TJ

REGISTERED NUMBER:

03897021 (England and Wales)

ACCOUNTANTS:

Hamlyns LLP

Chartered Accountants

Sundial House

High Street

Horsell

Woking

Surrey

GU21 4SU

FIXED ASSETS

Tangible assets

2

2,689,524

2,708,762

CURRENT ASSETS

Debtors

81,202

106,340

Cash at bank

46

35,157

81,248

141,497

CREDITORS

Amounts falling due within one year

3

758,527

795,942

NET CURRENT LIABILITIES

(677,279

)

(654,445

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,012,245

2,054,317

CREDITORS

Amounts falling due after more than one year

3

2,460,504

2,703,983

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(448,261

)

(649,668

)

SHAREHOLDERS' FUNDS

(448,259

)

(649,666

)

2,012,245

2,054,317

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 directors acknowledge their 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 Board of Directors on 12 November 2015 and were signed on its behalf by:

J McHugh - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors consider that it is appropriate to use the going concern basis in preparing the financial statements

on the basis of ongoing support from the controlling party.

Accounting convention

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).

Turnover

Turnover represents rent and management charges receivable during the year, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

Straight line over 40 years

Long leasehold

-

not provided

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

3,289,791

Additions

74,186

At 31 December 2014

3,363,977

DEPRECIATION

At 1 January 2014

581,029

Charge for year

93,424

At 31 December 2014

674,453

NET BOOK VALUE

At 31 December 2014

2,689,524

At 31 December 2013

2,708,762

3.

CREDITORS

Creditors include an amount of £ 1,202,945 (2013 - £ 1,359,243 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary Share

1

2

2