Kyte Developments & Investment Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02369402 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2013

for

Kyte Developments & Investment Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J C Francis

SECRETARY:

G T Bennett

REGISTERED OFFICE:

322 Upper Richmond Road

London

SW15 6TL

REGISTERED NUMBER:

02369402 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Investment property

2

141,006

-

CURRENT ASSETS

Work in progress

1,025,265

810,701

Debtors

3

487,861

935,577

Cash at bank

619,739

403,780

2,132,865

2,150,058

CREDITORS

Amounts falling due within one year

(35,860

)

(39,092

)

NET CURRENT ASSETS

2,097,005

2,110,966

TOTAL ASSETS LESS CURRENT LIABILITIES

2,238,011

2,110,966

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,237,911

2,110,866

SHAREHOLDERS' FUNDS

2,238,011

2,110,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed by:

J C Francis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents revenues receivable under contracts net of value added tax. Where contractual

obligations have been partially performed at the balance sheet date, revenue is recognised to the

extent that the company has obtained the right to consideration through its performance.

Work in progress

Properties for development are valued at the lower of cost and net realisable value. Costs include all

associated purchase costs as well as any direct costs in bring the property up to its current condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no

depreciation is provided in respect of freehold properties held as investments. This is a departure from

the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such

properties are held for investment and not for consumption and the directors consider that to

depreciate them would not give a true and fair view. Depreciation is only one of the many factors

reflected in the annual valuation and accordingly the amount of depreciation which might otherwise

have been charged cannot be separately identified or quantified. The directors consider that this

policy results in the financial statements giving a true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

141,006

At 31 December 2013

141,006

NET BOOK VALUE

At 31 December 2013

141,006

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 96,250 (31.12.12 - £ 151,250 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1

100

100