NEW CAPITAL KNOWSLEY LIMITED
REGISTERED NUMBER:
08958392
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
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CREDITORS:
amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS:
amounts falling due after more than one year
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act")
and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on
4 December 2015
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
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NEW CAPITAL KNOWSLEY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2015
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following bases:
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Freehold property under construction
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Page 2
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NEW CAPITAL KNOWSLEY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2015
2.
TANGIBLE FIXED ASSETS
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At 25 March 2014 and 31 March 2015
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Included in land is leaseheld land at valuation of £416,592 which is not depreciated.
Freehold property under construction is not depreciated as the construction has not been finished.
Included in Freehold property under construction are finance costs of £108,304. Included in this is a loan arrangement fee of £48,000, loan interest of £40,315 and a loan commitment fee of £19,989.
3.
DEBTORS
Debtors include £33,409
falling due after more than one year.
4.
CREDITORS:
Amounts falling due after more than one year
Other loans amounting to £1,540,315 are secured on the land and buildings.
5.
SHARE CAPITAL
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Allotted, called up and fully paid
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100
Ordinary
shares of £
1
each
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100 Ordinary shares were issued during the period for a consideration of £1 each.
Page 3
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