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Abbreviated Accounts For The Year Ended 31 January 2016 |
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Kenilworth Property Company Limited |
REGISTERED NUMBER:
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Abbreviated Accounts For The Year Ended 31 January 2016 |
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for |
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Kenilworth Property Company Limited |
Kenilworth Property Company Limited (Registered number: SC155573) |
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Contents of the Abbreviated Accounts |
For The Year Ended 31 January 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Kenilworth Property Company Limited |
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Company Information |
For The Year Ended 31 January 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Kenilworth Property Company Limited (Registered number: SC155573) |
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Abbreviated Balance Sheet |
31 January 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
Kenilworth Property Company Limited (Registered number: SC155573) |
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Abbreviated Balance Sheet - continued |
31 January 2016 |
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The financial statements were approved by the Board of Directors on
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Kenilworth Property Company Limited (Registered number: SC155573) |
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Notes to the Abbreviated Accounts |
For The Year Ended 31 January 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents rental income received in the year. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events that result in an obligation to pay more tax in the future, or a right to pay |
less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the |
Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains |
or losses in tax assessments in periods different from those in which they are recognised in the financial |
statements. Deferred tax assets are recognised to the extent they are recoverable and where future taxable profits |
are anticipated. |
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Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing |
differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted |
by the balance sheet date. Deferred tax is measured on a non-discounted basis. |
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Investment property |
Investment property is included at open market value and no depreciation is provided. The directors consider |
that this accounting policy results in the financial statements showing a true and fair view. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 February 2015 |
and 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
and 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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Kenilworth Property Company Limited (Registered number: SC155573) |
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Notes to the Abbreviated Accounts - continued |
For The Year Ended 31 January 2016 |
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3. | CREDITORS - continued |
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They also include the following debts falling due in more than five years: |
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2016 | 2015 |
£ | £ |
Repayable by instalments | 278,980 | 298,971 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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