Kiltane Developments Limited - Abbreviated accounts 16.1

Kiltane Developments Limited - Abbreviated accounts 16.1

KILTANE DEVELOPMENTS LIMITED - Company Information

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SC103823 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1038232014-12-31SC1038232015-12-31SC1038232015-01-012015-12-31SC1038232013-12-31SC1038232014-01-012014-12-31SC1038232014-12-31SC103823ns14:PoundSterling2015-01-012015-12-31SC103823ns7:Director12015-01-012015-12-31SC103823ns7:OrdinaryShareClass12015-01-012015-12-31SC103823ns5:Associate12015-01-012015-12-31SC103823ns5:Associate12015-12-31SC103823ns7:OrdinaryShareClass12015-12-31SC103823ns7:OrdinaryShareClass12014-12-31
REGISTERED NUMBER: SC103823















KILTANE DEVELOPMENTS LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015






KILTANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC103823)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

KILTANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC103823)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Investments 2 61,545 61,545

CURRENT ASSETS
Stocks 981,640 1,494,064
Debtors 3 786,948 886,706
Cash at bank 9,318 1,895
1,777,906 2,382,665
CREDITORS
Amounts falling due within one year 358,071 14,265
NET CURRENT ASSETS 1,419,835 2,368,400
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,481,380
2,429,945

CREDITORS
Amounts falling due after more than one
year
4
-
726,088
NET ASSETS 1,481,380 1,703,857

CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and loss account 1,481,378 1,703,855
SHAREHOLDERS' FUNDS 1,481,380 1,703,857

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 directors acknowledge their 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 notes form part of these abbreviated accounts

Page 1 continued...
KILTANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC103823)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 Board of Directors on 28 September 2016 and were signed on its behalf
by:





Mr J M Keane - Director


The notes form part of these abbreviated accounts

Page 2
KILTANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC103823)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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).

Work in progress
Work in progress is valued on the basis of direct costs based on normal level of activity. Provision is made for
any foreseeable losses where appropriate. The replacement cost of work in progress would not be materially
different.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.

Operating lease commitments
Rentals paid under operating leases were substantially all of the benefits and risks of ownership remain with the
lessor, are charged against the profits on a straight line basis over the period of the lease.

Fixed asset investments
Fixed asset investments are recorded at cost as at the balance sheet date.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015
and 31 December 2015 2,850
NET BOOK VALUE
At 31 December 2015 2,850
At 31 December 2014 2,850

Investments (neither listed nor unlisted) were as follows:
2015 2014
£    £   
Other investments 58,695 58,695

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KILTANE DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC103823)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

2. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Duff Street Limited
Nature of business: Development and sale of real estate
%
Class of shares: holding
Ordinary 50.00
2015 31/7/14
£    £   
Aggregate capital and reserves 405,020 332,328
Profit for the year 72,692 67,265

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2014 - £ 876,538 )

4. CREDITORS

Creditors include an amount of £ 0 (2014 - £ 480,000 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

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