| K & A Estates Ltd |
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| Report to the directors on the preparation of the unaudited abbreviated accounts of K & A Estates Ltd for the year ended 30 June 2016 |
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| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of K & A Estates Ltd for the year ended 30 June 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. |
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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/ |
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| This report is made solely to the Board of Directors of K & A Estates Ltd, as a body, in accordance with the terms of our engagement letter dated 9 March 2011. Our work has been undertaken solely to prepare for your approval the accounts of K & A Estates Ltd and state those matters that we have agreed to state to the Board of Directors of K & A Estates Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K & A Estates Ltd and its Board of Directors as a body for our work or for this report. |
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| It is your duty to ensure that K & A Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of K & A Estates Ltd. You consider that K & A Estates Ltd is exempt from the statutory audit requirement for the year. |
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| We have not been instructed to carry out an audit or a review of the accounts of K & A Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
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| Evolve Tax & Accountancy LLP |
| Chartered Certified Accountants |
| Baythorne Hall |
| Baythorne End |
| Halstead |
| Essex |
| CO9 4AH |
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| 12 December 2016 |
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| K & A Estates Ltd |
| Registered number: |
04823709 |
| Abbreviated Balance Sheet |
| as at 30 June 2016 |
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| Notes |
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2016 |
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2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
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1,028,796 |
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1,076,796 |
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| Current assets |
| Debtors |
61,951 |
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63,054 |
| Cash at bank and in hand |
80,665 |
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139,825 |
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142,616 |
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202,879 |
| Creditors: amounts falling due within one year |
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(8,186) |
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(14,311) |
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| Net current assets |
134,430 |
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188,568 |
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| Net assets |
1,163,226 |
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1,265,364 |
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| Capital and reserves |
| Called up share capital |
4 |
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100 |
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100 |
| Revaluation reserve |
59,000 |
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78,000 |
| Capital redemption reserve |
873,533 |
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657,533 |
| Profit and loss account |
230,593 |
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529,731 |
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| Shareholders' funds |
1,163,226 |
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1,265,364 |
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| 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. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| 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. |
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| 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. |
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| Mrs A M Goldsmith |
| Director |
| Approved by the board on 12 December 2016 |
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| K & A Estates Ltd |
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| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2016 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
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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. |
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Land and buildings |
£Nil |
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Investment properties |
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Investment properties are valued at fair value, with changes in fair value being transferred to or from the revaluation reserve. Further details are provided in the tangible fixed asset note. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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| 2 |
Tangible fixed assets |
£ |
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Cost |
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At 1 July 2015 |
1,076,796 |
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Surplus on revaluation |
(19,000) |
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Disposals |
(29,000) |
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At 30 June 2016 |
1,028,796 |
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Depreciation |
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At 30 June 2016 |
- |
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Net book value |
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At 30 June 2016 |
1,028,796 |
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At 30 June 2015 |
1,076,796 |
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| 3 |
Investments |
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The company holds 20% or more of the share capital of the following companies: |
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| Capital and |
Profit (loss) |
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Company |
Shares held |
reserves |
for the year |
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Class |
% |
£ |
£ |
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Rushbrooke Park Ltd |
Ordinary |
100 |
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844,626 |
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- |
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| 4 |
Share capital |
Nominal |
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2016 |
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2016 |
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2015 |
| value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares |
£1 each |
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100 |
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100 |
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100 |
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