Abbreviated Company Accounts - KINGSWAY MANSIONS LIMITED

KINGSWAY MANSIONS LIMITED - Company Information

04400252 KINGSWAY MANSIONS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04400252 2015-01-01 2015-12-31 04400252 2015-12-31 04400252 2014-12-31 04400252 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04400252 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 04400252

KINGSWAY MANSIONS LIMITED

Abbreviated Accounts

31 December 2015

KINGSWAY MANSIONS LIMITED Registered Number 04400252

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	272,790	272,790
		272,790	272,790
Total assets less current liabilities		272,790	272,790
Total net assets (liabilities)		272,790	272,790
Capital and reserves
Called up share capital	3	17	17
Share premium account		272,773	272,773
Shareholders' funds		272,790	272,790

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 30 September 2016

And signed on their behalf by:
D Williams, Director

KINGSWAY MANSIONS LIMITED Registered Number 04400252

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The company was formed to purchase and manage the freehold of a residential block of flats. The
residents are shareholders of the company, and the directors have confirmed that the shareholders
will continue to provide financial support to the company as and when required, and therefore the
accounts have been prepared on a going concern basis.

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 2007).

Tangible assets depreciation policy
No provision for amortisation of the freehold property has been made as its estimated value is expected to be greater than the initial cost and the useful life is expected to exceed 50 years. In accordance with FRS15 (Tangible Fixed Assets) regular impairment reviews are carried out and the property is regularly maintained.

2Tangible fixed assets

	£
Cost
At 1 January 2015	272,790
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	272,790
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	272,790
At 31 December 2014	272,790

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
17 Ordinary shares of £1 each	17	17