KMN_SECURITIES_ESTATES_LI - Accounts

KMN SECURITIES ESTATES LIMITED - Company Information

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Company Registration No. 05316459 (England and Wales)

KMN SECURITIES ESTATES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

28 FEBRUARY 2014

KMN SECURITIES ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KMN SECURITIES ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT 28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

226,704

435,844

Current assets

Debtors

Cash at bank and in hand

205

207

209

Creditors: amounts falling due within one year

(932,355)

(911,455)

Net current liabilities

(932,148)

(911,246)

Total assets less current liabilities

(705,444)

(475,402)

Capital and reserves

Called up share capital

Revaluation reserve

(117,315)

(57,315)

Profit and loss account

(588,131)

(418,089)

Shareholders' funds

(705,444)

(475,402)

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 24 November 2014

M M S McPhail

Director

Company Registration No. 05316459

KMN SECURITIES ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

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

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Going concern

The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related entities to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

Fixed asset investments

Total

Cost or valuation

At 1 March 2013

435,845

Additions

20,000

Share of profit in LLP

(169,141)

Share of revaluation deficit in LLP

(60,000)

At 28 February 2014

226,704

Net book value

At 28 February 2014

226,704

At 28 February 2013

435,844

Holdings of more than 20%

The company holds more than 20% of the shares capital of the following entity:

Company

Country of registration

held

or incorporation

Class

SJR KMN Woking LLP

England and Wales

Limited Liability

Partnership

KMN SECURITIES ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each