Abbreviated Company Accounts - KORMAX COUNTRY DEVELOPMENTS LTD

LAUREL PROPERTY LTD - Company Information

05956359 KORMAX COUNTRY DEVELOPMENTS LTD 2016-10-31 false 2015-11-01 2016-10-31 true 05956359 2015-11-01 2016-10-31 05956359 2016-10-31 05956359 2015-10-31 05956359 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 05956359 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 05956359

KORMAX COUNTRY DEVELOPMENTS LTD

Abbreviated Accounts

31 October 2016

KORMAX COUNTRY DEVELOPMENTS LTD Registered Number 05956359

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	537,287	538,663
		537,287	538,663
Current assets
Debtors		154	121
Cash at bank and in hand		15,753	24,494
		15,907	24,615
Prepayments and accrued income		1,716	-
Creditors: amounts falling due within one year		(475,375)	(508,951)
Net current assets (liabilities)		(457,752)	(484,336)
Total assets less current liabilities		79,535	54,327
Creditors: amounts falling due after more than one year		(4,050)	(8,550)
Total net assets (liabilities)		75,485	45,777
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		74,485	44,777
Shareholders' funds		75,485	45,777

For the year ending 31 October 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 28 July 2017

And signed on their behalf by:
NEIL PLANT, Director
DAVID KOMARONI, Director

KORMAX COUNTRY DEVELOPMENTS LTD Registered Number 05956359

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 the value of all services sold during the period, less returns received at selling price exclusive of Value Added Tax.

Tangible assets depreciation policy
Dereciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land and Buildings 0% straight line
Developments to property 2% straight line
Plant and Machinery 18% straight line

2Tangible fixed assets

	£
Cost
At 1 November 2015	552,738
Additions	10,183
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	562,921
Depreciation
At 1 November 2015	14,075
Charge for the year	11,559
On disposals	-
At 31 October 2016	25,634
Net book values
At 31 October 2016	537,287
At 31 October 2015	538,663

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000