Plantpride Limited - Limited company - abbreviated

REGISTERED NUMBER: 02670633 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2013

FOR

PLANTPRIDE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K R T Clayton

J S Gibbard

REGISTERED OFFICE:

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

REGISTERED NUMBER:

02670633 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

725,677

Tangible assets

2

326,299

CURRENT ASSETS

11,731

Cash at bank

334,741

CREDITORS

16,848

Amounts falling due within one year

35,647

(5,117

)

NET CURRENT ASSETS/(LIABILITIES)

299,094

720,560

TOTAL ASSETS LESS CURRENT
LIABILITIES

625,393

CAPITAL AND RESERVES

15,125

Called up share capital

3

15,125

411,720

Revaluation reserve

234,428

293,715

Profit and loss account

375,840

720,560

SHAREHOLDERS' FUNDS

625,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 15th August 2014 and were signed on its behalf
by:

K R T Clayton - Director

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).

Turnover

Turnover comprises property rentals received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investment properties

Investment properties are carried at market value and no depreciation is charged in line with Statement of

Standard Accounting Practice 19. This policy is not in accordance with the Companies Act 2006 but in the

opinion of the directors, is necessary in order that the accounts give a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st December 2012

742,872

Additions

1,057

Disposals

(400,000

)

At 30th November 2013

343,929

DEPRECIATION

At 1st December 2012

17,195

Charge for year

435

At 30th November 2013

17,630

NET BOOK VALUE

At 30th November 2013

326,299

At 30th November 2012

725,677

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

15,125

Ordinary

£1

15,125

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2013 and

30th November 2012:

30.11.13

30.11.12

£

K R T Clayton

Balance outstanding at start of year

-

Amounts advanced

27,500

-

Amounts repaid

(48,545

)

-

Balance outstanding at end of year

(21,045

)

-

J S Gibbard

Balance outstanding at start of year

-

Amounts advanced

37,759

-

Amounts repaid

(51,644

)

-

Balance outstanding at end of year

(13,885

)

-

Total dividends of £99719.35 have been paid to the directors and their families.

Plantpride Limited - Limited company - abbreviated - 11.0.0

Plantpride Limited - Limited company - abbreviated - 11.0.0