Company Registration No. SC207325 (Scotland)
KERSLAND PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
KERSLAND PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
KERSLAND PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
231,145
231,145
Investments
2
21,900
21,900
253,045
253,045
Current assets
Debtors
102,271
106,576
Cash at bank and in hand
79,627
58,659
181,898
165,235
Creditors: amounts falling due within one year
(48,332)
(35,866)
Net current assets
133,566
129,369
Total assets less current liabilities
386,611
382,414
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
386,609
382,412
Shareholders' funds
386,611
382,414
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 April 2016
Mr Stuart Devine
Director
Company Registration No. SC207325
KERSLAND PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.net invoiced sales of services, excluding value added tax.
1.4
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property
not provided
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 August 2014 & at 31 July 2015
231,145
21,900
253,045
At 31 July 2014
231,145
21,900
253,045
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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