Company Registration No. 01895730 (England and Wales)
TK DEVELOPMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
TK DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TK DEVELOPMENTS LIMITED
Company Registration No. 01895730
ABBREVIATED BALANCE SHEET
AS AT 31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
400
Investments
2
438,300
135,161
438,300
135,561
Current assets
Debtors
196
3,197
Cash at bank and in hand
94,536
396,839
94,732
400,036
Creditors: amounts falling due within one year
(39,474)
(32,297)
Net current assets
55,258
367,739
Total assets less current liabilities
493,558
503,300
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
492,558
502,300
Shareholders' funds
493,558
503,300
For the financial year ended 31 August 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 19 April 2016
D M Bevan
Director
TK DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment
25% on a reducing balance
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 September 2014
11,288
139,454
150,742
Additions
-
298,846
298,846
Disposals
(11,288)
-
(11,288)
At 31 August 2015
-
438,300
438,300
Depreciation
At 1 September 2014
10,888
4,293
15,181
On disposals
(10,888)
-
(10,888)
Charge for the year
-
(4,293)
(4,293)
At 31 August 2015
-
-
-
Net book value
At 31 August 2015
-
438,300
438,300
At 31 August 2014
400
135,161
135,561
The market value of the listed investments at 31 August 2015 was £528,312 (2014 - £135,198).
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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