Kitmarr Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02367084 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

KITMARR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J P Bacon

D G Turner

SECRETARY:

J P Bacon

REGISTERED OFFICE:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

REGISTERED NUMBER:

02367084 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

13,405,000

13,690,000

CURRENT ASSETS

Debtors

1,943,757

1,024,306

Cash at bank

723,226

982,888

2,666,983

2,007,194

CREDITORS

Amounts falling due within one year

82,535

233,299

NET CURRENT ASSETS

2,584,448

1,773,895

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,989,448

15,463,895

CREDITORS

Amounts falling due after more than one
year

3

6,810,146

6,196,646

NET ASSETS

9,179,302

9,267,249

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

5,712,798

5,846,070

Profit and loss account

3,466,404

3,421,079

SHAREHOLDERS' FUNDS

9,179,302

9,267,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18th July 2016 and were signed on its
behalf by:

J P Bacon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents the gross proceeds of properties sold during the year .

Tangible fixed assets

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

Freehold property

-

not provided

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st April 2015

13,690,000

Disposals

(285,000

)

At 31st March 2016

13,405,000

NET BOOK VALUE

At 31st March 2016

13,405,000

At 31st March 2015

13,690,000

3.

CREDITORS

Creditors include an amount of £ 6,810,146 (2015 - £ 6,196,646 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

6,810,146

6,196,646

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary shares

£1

100