Kitmarr Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02367084 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

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:

2 Goldstone Street

Hove

East Sussex

BN3 3RJ

REGISTERED NUMBER:

02367084 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

12,041,769

11,787,702

CURRENT ASSETS

Stocks

1,206,312

363,947

Debtors

11,755

18,078

Cash at bank

39,239

-

1,257,306

382,025

CREDITORS

Amounts falling due within one year

3

1,398,970

1,083,503

NET CURRENT LIABILITIES

(141,664

)

(701,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,900,105

11,086,224

CREDITORS

Amounts falling due after more than one year

3

4,846,646

4,284,614

NET ASSETS

7,053,459

6,801,610

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

4,171,887

4,276,887

Profit and loss account

2,881,472

2,524,623

SHAREHOLDERS' FUNDS

7,053,459

6,801,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 25th April 2014 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.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

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

Site office

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Stocks

Properties on hand consist of original cost, development costs, capitalised interest and related

overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st April 2013

11,795,885

Additions

504,235

Disposals

(250,000

)

At 31st March 2014

12,050,120

DEPRECIATION

At 1st April 2013

8,183

Charge for year

168

At 31st March 2014

8,351

NET BOOK VALUE

At 31st March 2014

12,041,769

At 31st March 2013

11,787,702

3.

CREDITORS

Creditors include an amount of £ 5,461,660 (2013 - £ 4,823,614 ) for which security has been given.

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

2014

2013

£

£

Repayable by instalments

4,846,646

3,111,614

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares

£1

100

100