Registered Number 04360602
KINGMOOR AVIATION LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Due to the losses incurred by the company in prior years the company continues to be insolvent.
The ability of the company to continue as a going concern is dependent upon the continued financial support of the holding company.
The directors consider that in preparing the financial statements all the information that could reasonably be
expected to be available has been taken into account. On this basis, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company was dormant throughout the current year and previous year.
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.