Killock (Property Developments) Limited - Accounts to registrar - small 17.2

Killock (Property Developments) Limited - Accounts to registrar - small 17.2

KILLOCK (PROPERTY DEVELOPMENTS) LIMITED - Company Information

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REGISTERED NUMBER: 01133318 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2017

for

Killock (Property Developments) Limited

Killock (Property Developments) Limited (Registered number: 01133318)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Killock (Property Developments) Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: R S Tempest
C Tempest
R S Tempest
A R Tempest
J Tempest





SECRETARY: C Tempest





REGISTERED OFFICE: 129 Queen Street
Morley
Leeds
West Yorkshire
LS27 8HE





REGISTERED NUMBER: 01133318 (England and Wales)





ACCOUNTANTS: Trevelyan & Company
Charles House
20/22 Elland Road
Leeds
West Yorkshire
LS27 7SS
Page 1
Killock (Property Developments) Limited (Registered number: 01133318)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,340,448 1,340,448

CURRENT ASSETS
Debtors 5 188,773 152,520
Cash at bank 8,156 6,932
196,929 159,452
CREDITORS
Amounts falling due within one year 6 229,779 237,608
NET CURRENT LIABILITIES (32,850 ) (78,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,307,598
1,262,292

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 919,902 919,902
Retained earnings 387,596 342,290
SHAREHOLDERS' FUNDS 1,307,598 1,262,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 October 2017 and were signed on its behalf by:





R S Tempest - Director


The notes form part of these financial statements

Page 2
Killock (Property Developments) Limited (Registered number: 01133318)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Killock (Property Developments) Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

The freehold properties are stated at cost. They are held as investments and no depreciation is therefore
provided.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 February 2016
and 31 January 2017 1,340,448
NET BOOK VALUE
At 31 January 2017 1,340,448
At 31 January 2016 1,340,448

Page 3 continued...
Killock (Property Developments) Limited (Registered number: 01133318)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 29,681 28,704
Other debtors 159,092 123,816
188,773 152,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Bank loans and overdrafts 107,109 118,774
Trade creditors 3,698 6,156
Taxation and social security 29,652 21,502
Other creditors 89,320 91,176
229,779 237,608

7. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date (2015 - £nil).

8. CAPITAL COMMITMENTS

There were no capital commitments at the balance sheet date (2015-£nil).

Page 4