Kenmare Developments Limited - Period Ending 2015-12-31

Registration number: 06026204

Kenmare Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

(Registration number: 06026204)

Kenmare Developments Limited
Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			230			309
Investments		2			2			2
					232			311
Current assets
Debtors					513,062			509,576
Cash at bank and in hand					2,450			9,460
					515,512			519,036
Creditors: Amounts falling due within one year					(486,321)			(490,283)
Net current assets					29,191			28,753
Total assets less current liabilities					29,423			29,064
Net assets					29,423			29,064
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					29,422			29,063
Shareholders' funds					29,423			29,064

For the year ending 31 December 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities.

Approved by the director on 19 December 2016

.........................................
Mrs S L Kavanagh
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Kenmare Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% straight line basis

Fixed asset investments

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

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Kenmare Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2015		323			2			325
At 31 December 2015		323			2			325
Depreciation
At 1 January 2015		14			-			14
Charge for the year		79			-			79
At 31 December 2015		93			-			93
Net book value
At 31 December 2015		230			2			232
At 31 December 2014		309			2			311

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Nascot Homes Limited	England and Wales	ordinary £1 shares	66.67%	Development of building projects

The financial period end of Nascot Homes Limited is 31 July 2015. The loss for the financial period of Nascot Homes Limited was £88,692 and the aggregate amount of capital and reserves at the end of the period was (£120,722).

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Kenmare Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary £1 shares of £1 each		1			1			1			1

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