Abbreviated Company Accounts - KONLOW INVESTMENTS LTD

Abbreviated Company Accounts - KONLOW INVESTMENTS LTD

KONLOW INVESTMENTS LTD - Company Information

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Registered Number 07894263

KONLOW INVESTMENTS LTD

Abbreviated Accounts

31 December 2015

KONLOW INVESTMENTS LTD Registered Number 07894263

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,179,136 1,179,136
1,179,136 1,179,136
Current assets
Debtors 40,000 32,600
Cash at bank and in hand 29,815 20,593
69,815 53,193
Creditors: amounts falling due within one year (596,338) (590,224)
Net current assets (liabilities) (526,523) (537,031)
Total assets less current liabilities 652,613 642,105
Creditors: amounts falling due after more than one year (501,749) (539,243)
Total net assets (liabilities) 150,864 102,862
Capital and reserves
Called up share capital 3 3
Profit and loss account 150,861 102,859
Shareholders' funds 150,864 102,862
  • 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 28 September 2016

And signed on their behalf by:
Mr A Low, Director

KONLOW INVESTMENTS LTD Registered Number 07894263

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, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 1,179,136
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 1,179,136
Depreciation
At 1 January 2015 -
Charge for the year -
On disposals -
At 31 December 2015 -
Net book values
At 31 December 2015 1,179,136
At 31 December 2014 1,179,136