Abbreviated Company Accounts - KERMAVILLE LIMITED

KERMAVILLE LIMITED - Company Information

Registered Number 01099142

KERMAVILLE LIMITED

Abbreviated Accounts

31 March 2015

KERMAVILLE LIMITED Registered Number 01099142

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	3	250,000	250,000
		250,000	250,000
Current assets
Cash at bank and in hand		4,353	3,810
		4,353	3,810
Creditors: amounts falling due within one year		(2,253)	(2,253)
Net current assets (liabilities)		2,100	1,557
Total assets less current liabilities		252,100	251,557
Total net assets (liabilities)		252,100	251,557
Reserves
Revaluation reserve		96,754	96,754
Income and expenditure account		155,346	154,803
Members' funds		252,100	251,557

For the year ending 31 March 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 9 December 2015

And signed on their behalf by:
L Rabinowitz, Director

KERMAVILLE LIMITED Registered Number 01099142

Notes to the Abbreviated Accounts for the period ended 31 March 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 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2005) issued March 2005

Other accounting policies
Income from investments is included in the year in which it is receivable.

Resources expended are recognised in the year in which they are incurred.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional statutory requirements.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Fixed assets Investments
Investment properties are revalued periodically. Surpluses or deficits are taken to the Statement of Financial Activities. In accordance with the Financial Reporting Standard for Smaller Entities depreciation is not provided in respect of freehold investment properties or in respect of leasehold investment properties where the unexpired term of the lease is more than 20 years.