Company Registration No. 07023707 (England and Wales)
K AND R PROPERTIES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
K AND R PROPERTIES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
K AND R PROPERTIES LTD
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2013
30 November 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
255,349
255,349
Current assets
Debtors
5,300
30,814
Cash at bank and in hand
169
2,451
5,469
33,265
Creditors: amounts falling due within one year
(63,229)
(99,025)
Net current liabilities
(57,760)
(65,760)
Total assets less current liabilities
197,589
189,589
Creditors: amounts falling due after more than one year
(137,928)
(147,768)
59,661
41,821
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
59,660
41,820
Shareholders' funds
59,661
41,821
For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 August 2014
Mr C Y Li
Director
Company Registration No. 07023707
K AND R PROPERTIES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No provision
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2012 & at 30 November 2013
255,349
At 30 November 2012
255,349
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
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