Kenmare Developments Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06026204

KENMARE DEVELOPMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Kenmare Developments Limited for the year ended 31 December 2013 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Kenmare Developments Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kenmare

Developments Limited and state those matters that we have agreed to state to the director of Kenmare Developments

Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for

this report.

It is your duty to ensure that Kenmare Developments Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Kenmare Developments Limited. You consider that Kenmare Developments Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kenmare Developments

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

29 September 2014

Page

Chartered Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Investments

2

2

-

CURRENT ASSETS

Debtors

467,076

548,496

Cash at bank and in hand

66,844

55,848

533,920

604,344

CREDITORS

Amounts falling due within one year

486,393

607,356

NET CURRENT ASSETS/(LIABILITIES)

47,527

(3,012

)

TOTAL ASSETS LESS CURRENT LIABILITIES

47,529

(3,012

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

47,528

(3,013

)

SHAREHOLDERS' FUNDS

47,529

(3,012

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 29 September 2014 and were signed by:

Mrs S Kavanagh - Director

1.	ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Kenmare Developments Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred

income where applicable.

Taxation

The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax is provided in full on temporary differences which arise between the carrying value of an asset or

liability and its tax base. Deferred tax assets are recognised to the extent that it is probable that there will be

sufficient profits in the future to enable the assets to be utilised. Deferred tax assets and liabilities are not

discounted.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

2

At 31 December 2013

2

NET BOOK VALUE

At 31 December 2013

2

The company's investments at the balance sheet date in the share capital of companies include the following:

Nascot Homes Limited

Nature of business: Development of building projects

%

Class of shares:

holding

Ordinary

66.66

31/7/14

£

Aggregate capital and reserves

3

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

1

1

1

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mrs S Kavanagh by virtue of her 100% shareholding.