PT Investments (NI) Limited 30/11/2018 iXBRL
PT Investments (NI) Limited 30/11/2018 iXBRL
Company registration number:
NI615274
Unaudited filleted financial statements
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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16 Main Street | ||
Limavady | ||
Co L'Derry | ||
BT49 0EU | ||
Bankers |
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2 The Diamond | ||
Coleraine | ||
BT52 1DE | ||
Report to the director on the preparation of the
unaudited statutory financial statements of PT Investments (NI) Limited
Year ended 30 November 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PT Investments (NI) Limited for the year ended 30 November 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of PT Investments (NI) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of PT Investments (NI) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PT Investments (NI) Limited and its director as a body for our work or for this report.
It is your duty to ensure that PT Investments (NI) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PT Investments (NI) Limited. You consider that PT Investments (NI) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of PT Investments (NI) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
16 Main Street
Limavady
Co L'Derry
BT49 0EU
10 April 2019
Statement of financial position
30 November 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks | - |
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Debtors | 7 |
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Cash at bank and in hand | - |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholder funds |
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Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 April 2019
, and are signed on behalf of the board by:
Director
Company registration number:
NI615274
Statement of changes in equity
Year ended 30 November 2018
Called up share capital | Revaluation reserve | Profit and loss account | Total | ||||
£ | £ | £ | £ | ||||
At 1 December 2016 |
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Profit for the year |
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Other comprehensive income for the year: | |||||||
Revaluation of tangible assets |
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Total comprehensive income for the year | - |
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At 30 November 2017 and 1 December 2017 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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At 30 November 2018 |
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Notes to the financial statements
Year ended 30 November 2018
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 16 Main Street, Limavady, Co L'Derry, BT49 0EU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Provisions
Financial instruments
4.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 December 2017 and 30 November 2018 |
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Amortisation | |||
At 1 December 2017 and 30 November 2018 | - | - | |
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Carrying amount | |||
At 30 November 2018 |
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_______ | _______ | ||
At 30 November 2017 |
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5.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 December 2017 |
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Additions | 17,360 | 11,500 | 2,650 | 31,510 | |
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At 30 November 2018 |
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Depreciation | |||||
At 1 December 2017 |
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Charge for the year |
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_______ | _______ | _______ | _______ | ||
At 30 November 2018 |
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Carrying amount | |||||
At 30 November 2018 |
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_______ | _______ | _______ | _______ | ||
At 30 November 2017 |
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Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property | Total | ||
£ | £ | ||
At 30 November 2018 | |||
Aggregate cost | 265,720 | 265,720 | |
Aggregate depreciation | (20,371) | (20,371) | |
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Carrying amount |
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245,349 | |
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At 30 November 2017 | |||
Aggregate cost | 265,720 | 265,720 | |
Aggregate depreciation | (15,057) | (15,057) | |
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Carrying amount |
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250,663 | |
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Freehold land and buildings were revalued during the year by TDK Commercial Property Consultants, national estate agent and valuer, on an open marktet value.
6.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 December 2017 | - | - | |
Additions |
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_______ | _______ | ||
At 30 November 2018 |
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_______ | _______ | ||
Impairment | |||
At 1 December 2017 and 30 November 2018 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 30 November 2018 |
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_______ | _______ | ||
At 30 November 2017 | - | - | |
_______ | _______ | ||
7.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors | - |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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_______ | _______ | |||
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8.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors | - |
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Corporation tax |
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Social security and other taxes | - |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
9.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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_______ | _______ | |||