Abbreviated Company Accounts - TKN PROPERTY INVESTMENTS LIMITED
Abbreviated Company Accounts - TKN PROPERTY INVESTMENTS LIMITED
Registered Number 07834132
TKN PROPERTY INVESTMENTS LIMITED
Abbreviated Accounts
30 April 2015
TKN PROPERTY INVESTMENTS LIMITED Registered Number 07834132
Abbreviated Balance Sheet as at 30 April 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 2 |
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| Current assets | |||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
( |
( |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
( |
( |
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| Total net assets (liabilities) |
( |
( |
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| Capital and reserves | |||
| Called up share capital | 3 |
|
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
( |
( |
|
For the year ending 30 April 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:
TKN PROPERTY INVESTMENTS LIMITED Registered Number 07834132
Notes to the Abbreviated Accounts for the period ended 30 April 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. the company has received assurance from the directors that they will continue to give financial support to the company for the foreseeable future.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going
concern basis used in preparing the company's accounts may be invalid and adjustments would
have to be made to reduce the value of assets to their realisable amount and to provide for any
further liabilities which might arise. The accounts do not include any adjustment to the
company's assets or liabilities that might be be necessary should this basis not continue to be
appropriate.
Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
no depreciation is provided in respect of freehold and leasehold properties held as investments.
This is a departure from the requirements of the Companies Act 2006 which requires all
properties to be depreciated. Such properties are held for investment and not for consumption
and the directors consider that to depreciate them would not give a true and fair view.
Depreciation is only one of the many elements reflected in the annual valuation of properties and
accordingly the amount of depreciation which might otherwise have been charged cannot be
separately identified or quantified. The directors consider that this policy results in the financial
statements giving a true and fair view.
2Tangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 May 2014 |
|
| Additions |
|
| Disposals |
|
| Revaluations |
|
| Transfers |
|
| At 30 April 2015 |
|
| Depreciation | |
| At 1 May 2014 |
|
| Charge for the year |
|
| On disposals |
|
| At 30 April 2015 |
|
| Net book values | |
| At 30 April 2015 | 87,500 |
| At 30 April 2014 | 87,500 |