Abbreviated Company Accounts - KERRUS PROPERTIES LIMITED

KERRUS PROPERTIES LIMITED - Company Information

05312833 KERRUS PROPERTIES LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 05312833 2013-05-01 2014-04-30 05312833 2014-04-30 05312833 2013-04-30 05312833 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 05312833 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 05312833

KERRUS PROPERTIES LIMITED

Abbreviated Accounts

30 April 2014

KERRUS PROPERTIES LIMITED Registered Number 05312833

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	823,364	823,364
		823,364	823,364
Current assets
Debtors		6,600	6,600
Cash at bank and in hand		16,006	14,277
		22,606	20,877
Creditors: amounts falling due within one year	3	(158,912)	(152,702)
Net current assets (liabilities)		(136,306)	(131,825)
Total assets less current liabilities		687,058	691,539
Creditors: amounts falling due after more than one year	3	(391,015)	(449,042)
Provisions for liabilities		(17,000)	-
Total net assets (liabilities)		279,043	242,497
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		278,043	241,497
Shareholders' funds		279,043	242,497

For the year ending 30 April 2014 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 17 October 2014

And signed on their behalf by:
A J Norcott, Director

KERRUS PROPERTIES LIMITED Registered Number 05312833

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
Turnover represents rental income from the investment properties held by the company.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold properties - not provided

No depreciation is provided in respect of freehold investment properties. This may be a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. In the opinion of the director this departure is necessary for the financial statements to give a true and fair view, as the freehold properties are included in the financial statements at their open market value.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 May 2013	823,364
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	823,364
Depreciation
At 1 May 2013	-
Charge for the year	-
On disposals	-
At 30 April 2014	-
Net book values
At 30 April 2014	823,364
At 30 April 2013	823,364

3Creditors

	2014 £	2013 £
Secured Debts	434,075	493,450
Instalment debts due after 5 years	0	54,046

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000