Abbreviated Company Accounts - KENNINGTON MANAGEMENT LIMITED

KENNINGTON MANAGEMENT LIMITED - Company Information

Registered Number 01684655

KENNINGTON MANAGEMENT LIMITED

Abbreviated Accounts

31 December 2013

KENNINGTON MANAGEMENT LIMITED Registered Number 01684655

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	7,897,210	4,500,362
Investments	3	1,682,310	1,682,310
		9,579,520	6,182,672
Current assets
Debtors		239,895	268,167
Cash at bank and in hand		237,128	149,869
		477,023	418,036
Creditors: amounts falling due within one year		(234,817)	(259,268)
Net current assets (liabilities)		242,206	158,768
Total assets less current liabilities		9,821,726	6,341,440
Creditors: amounts falling due after more than one year		(4,299,961)	(1,800,983)
Total net assets (liabilities)		5,521,765	4,540,457
Capital and reserves
Called up share capital		100	100
Revaluation reserve		3,481,311	2,625,602
Profit and loss account		2,040,354	1,914,755
Shareholders' funds		5,521,765	4,540,457

For the year ending 31 December 2013 the company was entitled to exemption 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 directors acknowledge their 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 Board on 24 September 2014

And signed on their behalf by:
MR STEWART JONATHAN LEE, Director

KENNINGTON MANAGEMENT LIMITED Registered Number 01684655

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents mainly the rent receivable during the period from the investment properties . the rent is exempt for VAT purposes.

2Tangible fixed assets

	£
Cost
At 1 January 2013	4,509,768
Additions	2,544,288
Disposals	-
Revaluations	855,709
Transfers	-
At 31 December 2013	7,909,765
Depreciation
At 1 January 2013	9,406
Charge for the year	3,149
On disposals	-
At 31 December 2013	12,555
Net book values
At 31 December 2013	7,897,210
At 31 December 2012	4,500,362

3Fixed assets Investments
The company holds more than 20% of the share capital of Illustra Studios Ltd