Abbreviated Company Accounts - KINCAID PROPERTIES LIMITED

KINCAID PROPERTIES LIMITED - Company Information

Registered Number SC296206

KINCAID PROPERTIES LIMITED

Abbreviated Accounts

31 January 2015

KINCAID PROPERTIES LIMITED Registered Number SC296206

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	455,099	472,349
		455,099	472,349
Current assets
Debtors		250	2,585
Cash at bank and in hand		2,436	2,273
		2,686	4,858
Creditors: amounts falling due within one year		(287,403)	(261,740)
Net current assets (liabilities)		(284,717)	(256,882)
Total assets less current liabilities		170,382	215,467
Creditors: amounts falling due after more than one year		(138,338)	(183,377)
Total net assets (liabilities)		32,044	32,090
Capital and reserves
Called up share capital		100	100
Profit and loss account		31,944	31,990
Shareholders' funds		32,044	32,090

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 19 October 2015

And signed on their behalf by:
David McDonald, Director

KINCAID PROPERTIES LIMITED Registered Number SC296206

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of discounts, of rents received from tenants, in respect of lettings provided by the company.

Tangible assets depreciation policy
The director is of the opinion that the provision of depreciation on the buildings and fittings therein would not represent a true and fair view of the value of the assets held. Therefore no depreciation will be applied to the properties held by the company.

2Tangible fixed assets

	£
Cost
At 1 February 2014	472,349
Additions	-
Disposals	(17,250)
Revaluations	-
Transfers	-
At 31 January 2015	455,099
Depreciation
At 1 February 2014	-
Charge for the year	-
On disposals	-
At 31 January 2015	-
Net book values
At 31 January 2015	455,099
At 31 January 2014	472,349