Klin Holdings Limited - Abbreviated accounts 16.1
Klin Holdings Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
KLIN HOLDINGS LIMITED |
ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
KLIN HOLDINGS LIMITED (REGISTERED NUMBER: SC198804) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
KLIN HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
KLIN HOLDINGS LIMITED (REGISTERED NUMBER: SC198804) |
ABBREVIATED BALANCE SHEET |
30TH SEPTEMBER 2015 |
2015 | 2014 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
KLIN HOLDINGS LIMITED (REGISTERED NUMBER: SC198804) |
ABBREVIATED BALANCE SHEET - continued |
30TH SEPTEMBER 2015 |
The financial statements were approved by the director on |
KLIN HOLDINGS LIMITED (REGISTERED NUMBER: SC198804) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
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 January |
2015). |
Turnover |
Turnover represents amounts recognised as income on contracts. Profit is recognised on long-term contracts, if |
the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover |
and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value |
which costs to date bear to total expected costs for that contract. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Investment property |
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only |
on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
Although the accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
(effective January 2005), it is a departure from the general requirement of the Companies Act 1985 for all |
tangible assets to be depreciated. In the opinion of the director, compliance with the standard is necessary for the |
financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors |
reflected in the annual valuation and the amount of this, which might otherwise have been charged, cannot be |
separately identified or quantified. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay |
less tax in the future have occurred at the balance sheet date. Timing differences are differences between the |
company's taxable profit and its results as stated in the financial statements that arise from the inclusion of gains |
or losses in tax assessments in periods different from those in which they are recognised in the financial |
statements. |
A net deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis |
of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from |
which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a |
non-discount basis. |
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. |
KLIN HOLDINGS LIMITED (REGISTERED NUMBER: SC198804) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st October 2014 |
and 30th September 2015 |
DEPRECIATION |
At 1st October 2014 |
Charge for year |
At 30th September 2015 |
NET BOOK VALUE |
At 30th September 2015 |
At 30th September 2014 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1st October 2014 |
and 30th September 2015 |
NET BOOK VALUE |
At 30th September 2015 |
At 30th September 2014 |
4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
The aggregate total of debtors falling due after more than one year is £ |
5. | CREDITORS |
Creditors include the following debts falling due in more than five years: |
2015 | 2014 |
as restated |
£ | £ |
Repayable by instalments | 475,407 | - |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | as restated |
£ | £ |
Ordinary | £1 |
KLIN HOLDINGS LIMITED (REGISTERED NUMBER: SC198804) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2015 |
7. | ULTIMATE PARENT COMPANY |
The ultimate parent company is Klin Investment UK Limited. The company is controlled by D. Macklin, |
director. |