Abbreviated Company Accounts - KATRIN PROPERTIES LIMITED

KATRIN PROPERTIES LIMITED - Company Information

Registered Number 04638155

KATRIN PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

KATRIN PROPERTIES LIMITED Registered Number 04638155

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,002	73,371
Investments	3	24,313,968	12,790,531
		24,320,970	12,863,902
Current assets
Debtors		27,039	23,050
Cash at bank and in hand		582,769	38,153
		609,808	61,203
Creditors: amounts falling due within one year		(638,696)	(351,613)
Net current assets (liabilities)		(28,888)	(290,410)
Total assets less current liabilities		24,292,082	12,573,492
Creditors: amounts falling due after more than one year		(9,965,004)	(7,224,262)
Total net assets (liabilities)		14,327,078	5,349,230
Capital and reserves
Called up share capital		100	100
Revaluation reserve		12,297,476	3,775,356
Profit and loss account		2,029,502	1,573,774
Shareholders' funds		14,327,078	5,349,230

For the year ending 31 March 2016 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 29 September 2016

And signed on their behalf by:
Mr. Kerem Yavuzarslan, Director

KATRIN PROPERTIES LIMITED Registered Number 04638155

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents rental income received from residential and commercial properties during the year.

2Tangible fixed assets

	£
Cost
At 1 April 2015	146,445
Additions	35,584
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	182,029
Depreciation
At 1 April 2015	73,074
Charge for the year	101,953
On disposals	-
At 31 March 2016	175,027
Net book values
At 31 March 2016	7,002
At 31 March 2015	73,371

3Fixed assets Investments
The investment properties were valued on an open market basis on 17 December 2015 by Blackburn Loxley Chartered Surveyors.

The original cost of these properties was £12,016,492 (2015: £9,015,175).