K & K Estates Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04459930 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

K & K ESTATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Klein

H Klein

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

04459930 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

128

192

Investment property

3

3,201,000

2,367,396

3,201,128

2,367,588

CURRENT ASSETS

Cash at bank

8,005

22,021

CREDITORS

Amounts falling due within one year

4

134,938

90,491

NET CURRENT LIABILITIES

(126,933

)

(68,470

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,074,195

2,299,118

CREDITORS

Amounts falling due after more than one
year

4

2,526,117

2,350,840

NET ASSETS/(LIABILITIES)

548,078

(51,722

)

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

597,464

-

Profit and loss account

(49,486

)

(51,822

)

SHAREHOLDERS' FUNDS

548,078

(51,722

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each 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 financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 September 2017 and were signed on its behalf
by:

D Klein - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 December 2015

and 30 November 2016

3,331

DEPRECIATION

At 1 December 2015

3,139

Charge for year

64

At 30 November 2016

3,203

NET BOOK VALUE

At 30 November 2016

128

At 30 November 2015

192

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2015

2,367,396

Additions

378,344

Disposals

(142,204

)

Revaluations

597,464

At 30 November 2016

3,201,000

NET BOOK VALUE

At 30 November 2016

3,201,000

At 30 November 2015

2,367,396

4.

CREDITORS

Creditors include an amount of £ 2,531,858 (30.11.15 - £ 2,352,150 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.11.16

30.11.15

£

Repayable otherwise than by instalments

2,526,117

2,350,840

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100