KDS PROPERTIES LIMITED - Abbreviated accounts

Registered number

05067874

KDS PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

KDS PROPERTIES LIMITED

Report to the directors on the preparation of the unaudited abbreviated accounts of KDS PROPERTIES LIMITED for the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of KDS PROPERTIES LIMITED for the year ended 31 March 2016 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

M.I.Morris & Co.
Accountants, Taxation and Business Consultants
Office 5, 1st Floor, Voluntary House
112-113 Commercial Street
Maesteg
Mid Glamorgan
CF34 9DL

10 August 2016

KDS PROPERTIES LIMITED
Registered number:		05067874
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		464,395			464,395

Current assets
Cash at bank and in hand		1,422			782

Creditors: amounts falling due within one year		(30,618)			(28,342)

Net current liabilities			(29,196)			(27,560)

Total assets less current liabilities			435,199			436,835

Creditors: amounts falling due after more than one year			(127,977)			(136,692)



Net assets			307,222			300,143

Capital and reserves
Called up share capital	3		200			200
Revaluation reserve			200,000			200,000
Profit and loss account			107,022			99,942

Shareholders' funds			307,222			300,142

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr. Michael Gibbins
Director
Approved by the board on 10 August 2016

KDS PROPERTIES LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					464,395
	At 31 March 2016					464,395

	Depreciation
	At 31 March 2016					-

	Net book value
	At 31 March 2016					464,395
	At 31 March 2015					464,395


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		200		200