Company Registration No. NI610962 (Northern Ireland)
Key One Property Limited
Abbreviated unaudited accounts
for the year ended 5 April 2016
Key One Property Limited
Abbreviated Balance Sheet
as at
5 April 2016
Intangible assets
87,860
91,680
Cash at bank and in hand
21,375
3,229
Creditors: amounts falling due within one year
(109,939)
(117,736)
Net current liabilities
(71,676)
(87,263)
Called up share capital
1
1
Profit and loss account
16,348
4,746
Total shareholders' funds
16,349
4,747
For the year ending 5 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 2 January 2017
Mark Colhoun
Director
Company Registration No. NI610962
Key One Property Limited
Notes to the Abbreviated Accounts
for the year ended 5 April 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2
Intangible fixed assets
Charge for the year
3,820
Key One Property Limited
Notes to the Abbreviated Accounts
for the year ended 5 April 2016
4
Share capital
2016
2015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1