Kiwi Estates Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04607893 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

KIWI ESTATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J J Devereux

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

04607893 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

2

6,835,350

CURRENT ASSETS

Debtors

148,872

261,722

Cash at bank

267,663

136,333

416,535

398,055

CREDITORS

Amounts falling due within one year

108,267

178,892

NET CURRENT ASSETS

308,268

219,163

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,143,618

7,054,513

CREDITORS

Amounts falling due after more than one
year

3,227,537

3,261,580

NET ASSETS

3,916,081

3,792,933

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

2,407,539

Profit and loss account

1,508,442

1,385,294

SHAREHOLDERS' FUNDS

3,916,081

3,792,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 April 2016 and were signed by:

Mr J J Devereux - Director

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 consists of rents receivable.

Investment property

Investment properties are revalued annually at their open market value in accordance with FRSSE (effective

April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit

reduces the property below its historical cost, in which case it is taken to the profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the

Companies Act 2006.In the opinion of the director these properties are held primarily for their investment

potential and so their current value is of more significance than any measure of consumption and to depreciate

them would not give a true and fair view. The provisions of the FRSSE (effective April 2008) in respect of

investment properties have therefore been adopted in order to give a true and fair view. If this departure from the

Act had been made, the profit/loss for the year would have been reduced by depreciation.

However, the amount of depreciation cannot reasonably be quantified and the amount, which might otherwise

have been shown, 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 except that:

- deferred tax is not recognised in respect of timing differences arising on revalued properties unless the

company has entered into a binding sale agreement and is not proposing to take advantage of rollover relief; and

- the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient

taxable profits in the future to absorb the reversal of underlying timing differences.

Deferred tax balances are not discounted.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

6,835,350

NET BOOK VALUE

At 31 December 2015

6,835,350

At 31 December 2014

6,835,350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary shares

£1

100