Abbreviated Company Accounts - KIRNESS LIMITED
Abbreviated Company Accounts - KIRNESS LIMITED
Registered Number 00599685
KIRNESS LIMITED
Abbreviated Accounts
31 January 2015
KIRNESS LIMITED Registered Number 00599685
Abbreviated Balance Sheet as at 31 January 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 January 2015 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
And signed on their behalf by:
KIRNESS LIMITED Registered Number 00599685
Notes to the Abbreviated Accounts for the period ended 31 January 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 25% reducing balance basis
Fixtures, fittings & equipment - 25% reducing balance basis
Valuation information and policy
No depreciation is provided on the investments which is a departure from the requirements of the Companies Act 2006. In the opinion of the director the investments are held primarily for their investment potential and so
to depreciate them would not give a true and fair view. The provisions of FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view.
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 375,929 |
At 31 January 2014 | 376,239 |
3Fixed assets Investments