Klyne Estates Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 07532022 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2016

for

Klyne Estates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Moore

REGISTERED OFFICE:

26 Ashbourne Grove

Salford

England

Lancashire

M7 4DD

REGISTERED NUMBER:

07532022 (England and Wales)

ACCOUNTANTS:

1040 Tax LLP

Fairways House

George Street

Prestwich

Manchester

Lancashire

M25 9WS

FIXED ASSETS

Tangible assets

2

92,042

92,042

CURRENT ASSETS

Debtors

3

3,610

2,473

Cash at bank and in hand

317

234

3,927

2,707

CREDITORS

Amounts falling due within one year

4

5,052

1,894

NET CURRENT (LIABILITIES)/ASSETS

(1,125

)

813

TOTAL ASSETS LESS CURRENT LIABILITIES

90,917

92,855

CREDITORS

Amounts falling due after more than one year

5

89,378

91,065

NET ASSETS

1,539

1,790

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

1,439

1,690

SHAREHOLDERS' FUNDS

1,539

1,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 November 2016 and were signed by:

A Moore - Director

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 January

2015).

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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2015

and 29 February 2016

92,042

NET BOOK VALUE

At 29 February 2016

92,042

At 28 February 2015

92,042

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.16

28.2.15

£

£

Trade debtors

3,491

2,473

Other debtors

119

-

3,610

2,473

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.16

28.2.15

£

£

Taxation and social security

-

217

Other creditors

5,052

1,677

5,052

1,894

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.16

28.2.15

£

£

Bank loans

42,977

44,664

Other creditors

46,401

46,401

89,378

91,065

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

42,977

44,664

6.

LOANS

An analysis of the maturity of loans is given below:

29.2.16

28.2.15

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

40,000

40,000

M Moore Loan account

6,401

6,401

46,401

46,401

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

42,977

44,664

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

£

100

Odinary

£1

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 March 2015

1,690

Deficit for the year

(251

)

At 29 February 2016

1,439