Abbreviated Company Accounts - M.G.E. KEMP (PROPERTIES) LIMITED

M.G.E. KEMP (PROPERTIES) LIMITED - Company Information

01098533 M.G.E. KEMP (PROPERTIES) LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 01098533 2014-10-01 2015-09-30 01098533 2015-09-30 01098533 2014-09-30 01098533 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 01098533 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:PreferenceShareClass1 2015-09-30 uk-gaap-cd-bus:PreferenceShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 01098533

M.G.E. KEMP (PROPERTIES) LIMITED

Abbreviated Accounts

30 September 2015

M.G.E. KEMP (PROPERTIES) LIMITED Registered Number 01098533

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,010	19,302
Investments	3	3,334,702	2,106,752
		3,343,712	2,126,054
Current assets
Debtors		8,510	16,063
Cash at bank and in hand		531,562	198,405
		540,072	214,468
Creditors: amounts falling due within one year		(584,142)	(151,745)
Net current assets (liabilities)		(44,070)	62,723
Total assets less current liabilities		3,299,642	2,188,777
Creditors: amounts falling due after more than one year		(600,000)	0
Provisions for liabilities		(122,896)	(524)
Total net assets (liabilities)		2,576,746	2,188,253
Capital and reserves
Called up share capital	4	383,650	83,650
Revaluation reserve		2,037,765	785,611
Profit and loss account		155,331	1,318,992
Shareholders' funds		2,576,746	2,188,253

For the year ending 30 September 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 28 January 2016

And signed on their behalf by:
L A Neilan, Director

M.G.E. KEMP (PROPERTIES) LIMITED Registered Number 01098533

Notes to the Abbreviated Accounts for the period ended 30 September 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 income receivable from investments

Tangible assets depreciation policy
Fixed assets are stated at historical cost or valuation less depreciation. Depreciation is provided at a rate of 25% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 October 2014	148,405
Additions	-
Disposals	(26,000)
Revaluations	-
Transfers	-
At 30 September 2015	122,405
Depreciation
At 1 October 2014	129,103
Charge for the year	4,852
On disposals	(20,560)
At 30 September 2015	113,395
Net book values
At 30 September 2015	9,010
At 30 September 2014	19,302

3Fixed assets Investments
Investments relate solely to freehold properties

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
83,650 Ordinary shares of £1 each (93,650 shares for 2014)	83,650	93,650
300,000 Preference shares of £1 each (0 shares for 2014)	300,000	0