Place2rent Ltd - Limited company - abbreviated - 11.0.0

Place2rent Ltd - Limited company - abbreviated - 11.0.0

PLACE2RENT LTD - Company Information

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REGISTERED NUMBER: 06853530 (England and Wales)








ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

PLACE2RENT LTD

PLACE2RENT LTD (REGISTERED NUMBER: 06853530)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PLACE2RENT LTD

COMPANY INFORMATION
for the year ended 31 MARCH 2014







DIRECTOR: C C E Jackson





SECRETARY: Mrs L Jackson





REGISTERED OFFICE: 27 Osborne Street
Grimsby
DN31 1NU





REGISTERED NUMBER: 06853530 (England and Wales)





ACCOUNTANTS: Wilson Sharpe & Co
Chartered Accountants
27 Osborne Street
Grimsby
N E Lincs
DN31 1NU
Page 1
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 567,887 202,000
Investments 3 1 1
567,888 202,001

CURRENT ASSETS
Debtors 744,927 1,021,601
Cash at bank 1,235 33
746,162 1,021,634
CREDITORS
Amounts falling due within one year 1,146,094 1,054,068
NET CURRENT LIABILITIES (399,932 ) (32,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
167,956
169,567

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 167,955 169,566
SHAREHOLDERS' FUNDS 167,956 169,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The notes form part of these abbreviated accounts

Page 2
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 27 January 2015 and were signed by:





C C E Jackson - Director


The notes form part of these abbreviated accounts

Page 3
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 MARCH 2014

1. ACCOUNTING POLICIES

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).

Preparation of consolidated financial statements
The financial statements contain information about Place2rent Ltd as an individual company and do not contain
consolidated financial information as the parent of a group. The company has taken the option under Section
398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets
No depreciation is provided on freehold property as the assets had not been brought into use at the balance
sheet date.

No depreciation is provided on freehold land and buildings held as investment properties. These are stated in the
balance sheet at their estimated open market values in order for the accounts to show a true and fair view. Any
movements in valuation are taken to the revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Turnover
Turnover represents rents receivable on investment properties.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 202,000
Additions 365,887
At 31 March 2014 567,887
NET BOOK VALUE
At 31 March 2014 567,887
At 31 March 2013 202,000

Page 4
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 MARCH 2014

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2013
and 31 March 2014 1
NET BOOK VALUE
At 31 March 2014 1
At 31 March 2013 1

The company's investments at the balance sheet date in the share capital of companies include the following:

Place2lease Ltd
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2014 2013
£    £   
Aggregate capital and reserves 40,282 10,278
Profit for the year 30,004 10,277

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

Page 5