KIRKBY_HOMES_(FREEHOLDS)_ - Accounts
KIRKBY_HOMES_(FREEHOLDS)_ - Accounts
Company Registration No. 09683131 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 1 -
2015
Notes
£
£
Fixed assets
Tangible assets
2
Current assets
Net current assets
-
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(47,999 )
1
Capital and reserves
Called up share capital
3
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 30 May 2016
Director
Company Registration No. 09683131
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1
Accounting policies
1.1
Accounting convention
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
Tangible fixed assets and depreciation
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 this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors 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.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors 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.
2
Fixed assets
Tangible assets
£
Cost
At 13 July 2015
-
Additions
48,000
At 31 December 2015
48,000
3
Share capital
2015
£
Allotted, called up and fully paid
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
4
Ultimate parent company
The immediate parent undertaking and controlling party is Kirkby Homes (Sunningdale) Limited, a company incorporated in England & Wales.
The ultimate parent undertaking is The David Kirch Charitable Trust, situated in Jersey. The David Kirch Charitable Trust is controlled by the board of trustees.
The David Kirch Charitable Trust prepares group financial statements and copies can be obtained by writing to The Octagon, Le Mont De Gouray, St. Martin, Jersey, JE3 6ET.
The ultimate parent undertaking is The David Kirch Charitable Trust, situated in Jersey. The David Kirch Charitable Trust is controlled by the board of trustees.
The David Kirch Charitable Trust prepares group financial statements and copies can be obtained by writing to The Octagon, Le Mont De Gouray, St. Martin, Jersey, JE3 6ET.
5
Related party relationships and transactions
Other transactions
During the year a lease was granted to Kirkby Homes (Freeholds) Limited by its immediate parent company, Kirkby Homes (Suningdale) Limited for £48,000, representing open market value.
At 31 December 2015 the parent company was owed £47,999. This loan is interest free and has no set payment terms except that it will not be demanded within 12 months of the date that these accounts are approved.
At 31 December 2015 the parent company was owed £47,999. This loan is interest free and has no set payment terms except that it will not be demanded within 12 months of the date that these accounts are approved.