Abbreviated Company Accounts - KERRINGTON (NEWCASTLE) LIMITED

KERRINGTON (NEWCASTLE) LIMITED - Company Information

Registered Number 05631848

KERRINGTON (NEWCASTLE) LIMITED

Abbreviated Accounts

31 December 2013

KERRINGTON (NEWCASTLE) LIMITED Registered Number 05631848

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	1,715,450	1,715,450
		1,715,450	1,715,450
Current assets
Stocks		82,893	-
Debtors		6,230	8,597
Cash at bank and in hand		26,554	23,980
		115,677	32,577
Creditors: amounts falling due within one year	3	(1,976,809)	(1,899,022)
Net current assets (liabilities)		(1,861,132)	(1,866,445)
Total assets less current liabilities		(145,682)	(150,995)
Accruals and deferred income		(6,156)	(4,185)
Total net assets (liabilities)		(151,838)	(155,180)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(152,838)	(156,180)
Shareholders' funds		(151,838)	(155,180)

For the year ending 31 December 2013 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 22 October 2014

And signed on their behalf by:
W.A.Lipien, Director

KERRINGTON (NEWCASTLE) LIMITED Registered Number 05631848

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rate calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and building Freehold
Fixtures, fittings & equipment: 25% reducing balance method

2Tangible fixed assets

	£
Cost
At 1 January 2013	1,753,589
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	1,753,589
Depreciation
At 1 January 2013	38,139
Charge for the year	0
On disposals	-
At 31 December 2013	38,139
Net book values
At 31 December 2013	1,715,450
At 31 December 2012	1,715,450

3Creditors

	2013 £	2012 £
Secured Debts	1,982,965	1,903,207