K L Properties (UK) Ltd - Period Ending 2015-11-30

Company registration number: 04904098

K L Properties (UK) Ltd
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Year Ended 30 November 2015
 

Beresfords
  Chartered Accountants
  Castle House
  Castle Hill Avenue
  Folkestone
  Kent
  CT20 2TQ

K L Properties (UK) Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

K L Properties (UK) Ltd
(Company registration number: 04904098)
Abbreviated Balance Sheet
30 November 2015

		Note			2015 £			2014 £
Fixed assets
Investments					-			204,807
Current assets
Stocks					1,936,315			2,054,270
Debtors					99,646			113,750
Cash at bank and in hand					2,994			2,621
					2,038,955			2,170,641
Creditors: Amounts falling due within one year					(1,171,841)			(1,498,184)
Net current assets					867,114			672,457
Net assets					867,114			877,264
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					867,014			877,164
Shareholders' funds					867,114			877,264

The notes on page 3 form an integral part of these financial statements.
 
  Page 1

K L Properties (UK) Ltd
(Company registration number: 04904098)
Abbreviated Balance Sheet
30 November 2015......... continued

For the year ending 30 November 2015 the company was entitled to exemption from audit 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 director acknowledges his 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 director on 19 February 2016

......................................... Mr M E Loat Director

The notes on page 3 form an integral part of these financial statements.
 
  Page 2

K L Properties (UK) Ltd
Notes to the Abbreviated Accounts
Year Ended 30 November 2015......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 receivable and where applicable sale of Property during the year.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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