KAD PROPERTIES LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 08975424 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

KAD PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Smee

B H D Sampson

REGISTERED OFFICE:

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

REGISTERED NUMBER:

08975424 (England and Wales)

ACCOUNTANTS:

James Todd & Co Limited

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

CURRENT ASSETS

Stocks

2,361,047

1,462,943

Debtors

2,943

50

Cash at bank

142,623

1

2,506,613

1,462,994

CREDITORS

Amounts falling due within one year

1,541,444

1,467,529

NET CURRENT ASSETS/(LIABILITIES)

965,169

(4,535

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

965,169

(4,535

)

CREDITORS

Amounts falling due after more than
one year

1,011,682

-

NET LIABILITIES

(46,513

)

(4,535

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(46,613

)

(4,635

)

SHAREHOLDERS' FUNDS

(46,513

)

(4,535

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 22 December 2016 and were signed
on its behalf by:

B H D Sampson - Director

C Smee - Director

1.	ACCOUNTING POLICIES

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 2015).

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and a

proportion of fixed and variable overheads where appropriate.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation

computations in period different from those in which they are included in the company's accounts.

Deferred tax is provided in full on timing differences which result in an obligation to pay more (or

less) tax at a future date, at the average tax rates that are expected to apply when the timing

differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where

there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100