Abbreviated Company Accounts - PRESIDENTIAL ESTATES (KENSINGTON) LIMITED

Abbreviated Company Accounts - PRESIDENTIAL ESTATES (KENSINGTON) LIMITED

PRESIDENTIAL ESTATES (KENSINGTON) LIMITED - Company Information

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Registered Number 06023493

PRESIDENTIAL ESTATES (KENSINGTON) LIMITED

Abbreviated Accounts

30 November 2015

PRESIDENTIAL ESTATES (KENSINGTON) LIMITED Registered Number 06023493

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 70,224 76,020
70,224 76,020
Current assets
Stocks - 29,739
Debtors 58,906 197,950
Cash at bank and in hand 509,166 136,146
568,072 363,835
Creditors: amounts falling due within one year (1,570,034) (1,441,051)
Net current assets (liabilities) (1,001,962) (1,077,216)
Total assets less current liabilities (931,738) (1,001,196)
Total net assets (liabilities) (931,738) (1,001,196)
Capital and reserves
Called up share capital 100 100
Profit and loss account (931,838) (1,001,296)
Shareholders' funds (931,738) (1,001,196)
  • For the year ending 30 November 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 30 September 2016

And signed on their behalf by:
Mr R Al-Kaabi, Director

PRESIDENTIAL ESTATES (KENSINGTON) LIMITED Registered Number 06023493

Notes to the Abbreviated Accounts for the period ended 30 November 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
20% on Reduced Balance

2Tangible fixed assets
£
Cost
At 1 December 2014 209,141
Additions 13,628
Disposals -
Revaluations -
Transfers -
At 30 November 2015 222,769
Depreciation
At 1 December 2014 133,121
Charge for the year 19,424
On disposals -
At 30 November 2015 152,545
Net book values
At 30 November 2015 70,224
At 30 November 2014 76,020