Keigar Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04080804 (England and Wales)

KEIGAR PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

K G Whall

A Whall

SECRETARY:

A Whall

REGISTERED OFFICE:

Moorby

Skinners Lane

Middle Rasen

Lincolnshire

LN8 3JD

REGISTERED NUMBER:

04080804 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

2

12,012

16,687

Investment property

3

2,974,652

3,010,800

2,986,664

3,027,487

CURRENT ASSETS

Debtors

22,601

29,834

Cash at bank and in hand

46,134

29,079

68,735

58,913

CREDITORS

Amounts falling due within one year

840,530

754,305

NET CURRENT LIABILITIES

(771,795

)

(695,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,214,869

2,332,095

CREDITORS

Amounts falling due after more than one year

4

197,272

209,346

NET ASSETS

2,017,597

2,122,749

CAPITAL AND RESERVES

Called up share capital

5

2

2

Revaluation reserve

1,345,544

1,405,544

Profit and loss account

672,051

717,203

SHAREHOLDERS' FUNDS

2,017,597

2,122,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 16th November 2015 and were signed on its behalf by:

K G Whall - Director

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).

Turnover

Turnover represents rental income from the company's residential properties.

Tangible fixed assets

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

Office equipment

-

15% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

19,833

DEPRECIATION

At 1st April 2014

3,146

Charge for year

4,675

At 31st March 2015

7,821

NET BOOK VALUE

At 31st March 2015

12,012

At 31st March 2014

16,687

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2014

3,010,800

Additions

23,852

Impairments

(60,000

)

At 31st March 2015

2,974,652

NET BOOK VALUE

At 31st March 2015

2,974,652

At 31st March 2014

3,010,800

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

117,640

129,714

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors who jointly own 100% of the issued share capital and voting rights,

however no individual has ultimate control.