Kalsi Properties (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08815215 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

KALSI PROPERTIES (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S S Kalsi

H S Kalsi

SECRETARY:

H S Kalsi

REGISTERED OFFICE:

5 Tomey Road

Sparkhill

Birmingham

B11 2NJ

REGISTERED NUMBER:

08815215 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Investment property

2

8,670,000

-

CURRENT ASSETS

Debtors

120,521

120

Cash at bank

350,710

-

471,231

120

CREDITORS

Amounts falling due within one year

2,645,349

-

NET CURRENT (LIABILITIES)/ASSETS

(2,174,118

)

120

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,495,882

120

CREDITORS

Amounts falling due after more than one
year

3

5,932,600

-

NET ASSETS

563,282

120

CAPITAL AND RESERVES

Called up share capital

4

120

Profit and loss account

563,162

-

SHAREHOLDERS' FUNDS

563,282

120

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 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 29 September 2016 and were signed on
its behalf by:

H S Kalsi - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

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

the balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

8,670,000

At 31 December 2015

8,670,000

NET BOOK VALUE

At 31 December 2015

8,670,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

3,687,685

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

120

Ordinary

£1

120