Kewzone Management Limited - Period Ending 2016-09-30

Registration number: 05418093

Kewzone Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Kewzone Management Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Kewzone Management Limited
(Registration number: 05418093)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					201,522			101,388
Current assets
Debtors					3,276			1,755
Cash at bank and in hand					37,224			96,372
					40,500			98,127
Creditors: Amounts falling due within one year					(45,460)			(49,241)
Net current (liabilities)/assets					(4,960)			48,886
Net assets					196,562			150,274
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					196,560			150,272
Shareholders' funds					196,562			150,274

For the year ending 30 September 2016 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 29 January 2017 and signed on its behalf by:

.........................................
Mr W Gaze
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Kewzone Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	15% on reducing balance

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued periodically. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		102,974			102,974
Additions		100,450			100,450
At 30 September 2016		203,424			203,424
Depreciation
At 1 October 2015		1,586			1,586
Charge for the year		316			316
At 30 September 2016		1,902			1,902
Net book value
At 30 September 2016		201,522			201,522
At 30 September 2015		101,388			101,388

Page 2

Kewzone Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

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