Abbreviated Company Accounts - KELVINHILL ESTATES LTD

Abbreviated Company Accounts - KELVINHILL ESTATES LTD

KELVINHILL ESTATES LTD - Company Information

Print Friendly Version

Registered Number 06763078

KELVINHILL ESTATES LTD

Abbreviated Accounts

31 December 2015

KELVINHILL ESTATES LTD Registered Number 06763078

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,250,000 1,889,234
2,250,000 1,889,234
Current assets
Debtors 251,925 223,597
Cash at bank and in hand 19,561 8,447
271,486 232,044
Creditors: amounts falling due within one year (199,897) (192,446)
Net current assets (liabilities) 71,589 39,598
Total assets less current liabilities 2,321,589 1,928,832
Creditors: amounts falling due after more than one year (909,682) (923,408)
Total net assets (liabilities) 1,411,907 1,005,424
Capital and reserves
Called up share capital 1 1
Revaluation reserve 1,310,766 950,000
Profit and loss account 101,140 55,423
Shareholders' funds 1,411,907 1,005,424
  • For the year ending 31 December 2015 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 7 July 2016

And signed on their behalf by:
Mr S Itzinger, Director

KELVINHILL ESTATES LTD Registered Number 06763078

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets
£
Cost
At 1 January 2015 1,889,234
Additions -
Disposals -
Revaluations 360,766
Transfers -
At 31 December 2015 2,250,000
Depreciation
At 1 January 2015 -
Charge for the year -
On disposals -
At 31 December 2015 -
Net book values
At 31 December 2015 2,250,000
At 31 December 2014 1,889,234