K & D Properties Limited - Limited company - abbreviated - 11.6
K & D Properties Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| FOR |
| K & D PROPERTIES LIMITED |
| K & D PROPERTIES LIMITED (REGISTERED NUMBER: 04547488) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| K & D PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| K & D PROPERTIES LIMITED (REGISTERED NUMBER: 04547488) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve | ( |
) | ( |
) |
| Profit and loss account |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| K & D PROPERTIES LIMITED (REGISTERED NUMBER: 04547488) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MAY 2014 |
| The financial statements were approved by the Board of Directors on by: |
| K & D PROPERTIES LIMITED (REGISTERED NUMBER: 04547488) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis which, in the opinion of the directors, is |
| the appropriate basis. The company's ability to continue operations is dependent upon the ongoing support of its |
| shareholders. In the event that the company is unable to continue operations, adjustments would have to be made |
| to reduce the value of assets to their recoverable amount, to provide for any liabilities which might arise and to |
| re-classify fixed assets and long-term liabilities as current assets and liabilities. |
| 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 April |
| 2008). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents rents receivable in accordance with the underlying property leases and exclusive of Value |
| Added Tax where there are options to tax on properties. |
| Investment properties |
| 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. |
| This policy represents a departure from the statutory accounting principles which require changes in value to be |
| taken to the profit and loss account. The directors consider that this departure is necessary in order that the |
| financial statements may give a true and fair view because changes in current values should only be recognised in |
| the profit and loss account when realised. |
| Taxation |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. Timing differences arise from the inclusion of gains and losses in tax assessments in periods different |
| from those in which they are recognised in the financial statements. Deferred tax is calculated at the rate at which |
| it is anticipated the timing differences will reverse and is measured on a non-discounted basis. Deferred tax |
| assets are only recognised to the extent that they are regarded as recoverable. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 June 2013 |
| Revaluations | ( |
) |
| At 31 May 2014 |
| NET BOOK VALUE |
| At 31 May 2014 |
| At 31 May 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| K & D PROPERTIES LIMITED (REGISTERED NUMBER: 04547488) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 349,797 | 383,797 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |