Klyne Estates Ltd - Limited company accounts 11.9

Klyne Estates Ltd - Limited company accounts 11.9


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REGISTERED NUMBER: 07532022(England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 28 February 2015

for

Klyne Estates Ltd

Klyne Estates Ltd (Registered number: 07532022)






Contents of the Financial Statements
for the Year Ended 28 February 2015




Page

Company Information 1

Report of the Director 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 6


Klyne Estates Ltd

Company Information
for the Year Ended 28 February 2015







DIRECTOR: A Moore





REGISTERED OFFICE: 26 Ashbourne Grove
Salford
England
Lancashire





REGISTERED NUMBER: 07532022(England and Wales)





ACCOUNTANTS: 1040 Tax LLP
Fairways House
George Street
Prestwich
Manchester
Lancashire
M25 9WS

Klyne Estates Ltd (Registered number: 07532022)

Report of the Director
for the Year Ended 28 February 2015

The director presents his report with the financial statements of the company for the year ended 28 February 2015.

DIRECTOR
A Mooreheld office during the whole of the period from 1 March 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Moore- Director


3 November 2015

Klyne Estates Ltd (Registered number: 07532022)

Profit and Loss Account
for the Year Ended 28 February 2015

28.2.15 28.2.14
Notes £    £   

TURNOVER 6,600 6,600

Cost of sales - 425
GROSS PROFIT 6,600 6,175

Administrative expenses 2,732 2,083
OPERATING PROFIT 2 3,868 4,092

Interest receivable and similar
income

2

-
3,870 4,092

Interest payable and similar charges 2,784 2,933
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

1,086

1,159

Tax on profit on ordinary activities 3 217 205
PROFIT FOR THE FINANCIAL YEAR 869 954

Klyne Estates Ltd (Registered number: 07532022)

Balance Sheet
28 February 2015

28.2.15 28.2.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,042 92,042

CURRENT ASSETS
Debtors 5 2,473 455
Cash at bank and in hand 234 216
2,707 671
CREDITORS
Amounts falling due within one year 6 1,894 5,540
NET CURRENT ASSETS/(LIABILITIES) 813 (4,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,855

87,173

CREDITORS
Amounts falling due after more than
one year

7

91,065

86,252
NET ASSETS 1,790 921

CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and loss account 9 1,690 821
SHAREHOLDERS' FUNDS 1,790 921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Klyne Estates Ltd (Registered number: 07532022)

Balance Sheet - continued
28 February 2015


The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


The financial statements were approved by the director on 3 November 2015and were signed by:





A Moore- Director


Klyne Estates Ltd (Registered number: 07532022)

Notes to the Financial Statements
for the Year Ended 28 February 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

2. OPERATING PROFIT

The operating profit is stated after charging:

28.2.15 28.2.14
£    £   

Director's remuneration and other benefits etc - -

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
28.2.15 28.2.14
£    £   
Current tax:
UK corporation tax 217 205
Tax on profit on ordinary activities 217 205

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2014
and 28 February 2015 92,042
NET BOOK VALUE
At 28 February 2015 92,042
At 28 February 2014 92,042

Klyne Estates Ltd (Registered number: 07532022)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2015

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.15 28.2.14
£    £   
Trade debtors 2,473 455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.15 28.2.14
£    £   
Taxation and social security 217 205
Other creditors 1,677 5,335
1,894 5,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.15 28.2.14
£    £   
Bank loans 44,664 46,252
Other creditors 46,401 40,000
91,065 86,252

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 44,664 46,252

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.15 28.2.14
value: £    £   
100 Odinary £1 100 100

9. RESERVES
Profit
and loss
account
£   

At 1 March 2014 821
Profit for the year 869
At 28 February 2015 1,690