K&C at the Gymnasium Limited - Limited company - abbreviated - 11.9

K&C at the Gymnasium Limited - Limited company - abbreviated - 11.9

K&C AT THE GYMNASIUM LIMITED - Company Information

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REGISTERED NUMBER: 06354246 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

K&C AT THE GYMNASIUM LIMITED

K&C AT THE GYMNASIUM LIMITED (REGISTERED NUMBER: 06354246)






Contents of the Abbreviated Accounts
for the year ended 31 December 2014




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

K&C AT THE GYMNASIUM LIMITED

Company Information
for the year ended 31 December 2014







DIRECTOR: P D Karakusevic





SECRETARY: L Cobb





REGISTERED OFFICE: The Gymnasium
56 Kingsway Place
Sans Walk
London
EC1R 0LU





REGISTERED NUMBER: 06354246 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
K&C at the Gymnasium Limited

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 three to five) 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 K&C at the Gymnasium 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 K&C at the Gymnasium Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K&C at the Gymnasium Limited and state those matters that we have agreed to state to the director of K&C at the Gymnasium 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 K&C at the Gymnasium 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 profit of K&C at the Gymnasium Limited. You consider that K&C at the Gymnasium 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 K&C at the
Gymnasium 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


1 February 2016

This page does not form part of the abbreviated accounts

Page 2
K&C AT THE GYMNASIUM LIMITED (REGISTERED NUMBER: 06354246)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,663,171 1,663,171

CURRENT ASSETS
Debtors 889,196 673,946

CREDITORS
Amounts falling due within one year 3 317,438 237,642
NET CURRENT ASSETS 571,758 436,304
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,234,929
2,099,475

CREDITORS
Amounts falling due after more than one
year
3
1,354,441
1,788,444
NET ASSETS 880,488 311,031

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 880,486 311,029
SHAREHOLDERS' FUNDS 880,488 311,031

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 his 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 29 January 2016 and were signed by:





P D Karakusevic - Director


The notes form part of these abbreviated accounts

Page 3
K&C AT THE GYMNASIUM LIMITED (REGISTERED NUMBER: 06354246)

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

1. ACCOUNTING POLICIES

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 net invoiced rental charges, excluding value added tax. Recognised when
services have been rendered.

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

Fixtures and fittings - 20% on cost

No depreciation is provided on the leasehold property on the basis that the residual value of the
property is so high as to make any depreciation charge immaterial.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 1,693,594
DEPRECIATION
At 1 January 2014
and 31 December 2014 30,423
NET BOOK VALUE
At 31 December 2014 1,663,171
At 31 December 2013 1,663,171

3. CREDITORS

Creditors include an amount of £ 814,235 (2013 - £ 861,677 ) for which security has been given.

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

2014 2013
£    £   
Repayable by instalments 551,075 598,517

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Page 4 continued...
K&C AT THE GYMNASIUM LIMITED (REGISTERED NUMBER: 06354246)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2014

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2014, a balance of £456,701 was owed to P D Karakusevic (2013: £456,701). No
interest is accruing on this loan which is unsecured.

As at 31 December 2013, £336,700 was owed to I M Carson. I M Carson resigned on 1 January 2014
and no balance was due at 31 December 2014.

Page 5