REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
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Kenninghall Barking Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
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for |
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Kenninghall Barking Limited |
Kenninghall Barking Limited (Registered number: 05697289) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2014 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
Kenninghall Barking Limited (Registered number: 05697289) |
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Abbreviated Balance Sheet |
31 October 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 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 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Other reserves |
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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. |
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The financial statements were approved by the Board of Directors on
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Kenninghall Barking Limited (Registered number: 05697289) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2014 |
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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 April |
2008). |
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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. |
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Turnover |
Turnover represents rent and service charges receivable during the year net of value added tax in accordance |
with applicable accounting standards. |
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Investment property |
In accordance with the FRSSE, investment properties are revalued annually and the aggregate surplus or deficit |
is transfered to the revaluation reserve. No depreciation is provided in respect of investment properties. |
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The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the |
generally accepted accounting principle set out in the FRSSE. The directors consider that, as these properties are |
not held for consumption, but for their investment potential, to depreciate them would not give a true and fair |
view. |
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If this departure from the Act had not been made, the profit for the financial year would have been reduced by |
depreciation. However the amount of depreciation cannot be reasonably quantified because depreciation is only |
one of many factors reflected in the annual revaluation and the amount which might otherwise have been shown |
cannot be separately identified or quantified. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 November 2013 |
and 31 October 2014 |
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NET BOOK VALUE |
At 31 October 2014 |
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At 31 October 2013 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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4. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by G A Widdowson, a director of the company, by virtue of his controlling interest in |
the ultimate parent company, Kenninghall Group Limited, a company registered in England & Wales. |