Abbreviated Company Accounts - PENTIRE INVESTMENTS LIMITED

Abbreviated Company Accounts - PENTIRE INVESTMENTS LIMITED


Registered Number 07778781

PENTIRE INVESTMENTS LIMITED

Abbreviated Accounts

30 September 2014

PENTIRE INVESTMENTS LIMITED Registered Number 07778781

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 600,000 590,802
Investments 3 202,570 177,815
802,570 768,617
Current assets
Debtors 5,519 591
Cash at bank and in hand 223,594 16,830
229,113 17,421
Creditors: amounts falling due within one year (305,369) (253,144)
Net current assets (liabilities) (76,256) (235,723)
Total assets less current liabilities 726,314 532,894
Creditors: amounts falling due after more than one year (500,000) (500,000)
Total net assets (liabilities) 226,314 32,894
Capital and reserves
Called up share capital 4 1,000 1,000
Revaluation reserve 19,310 -
Profit and loss account 206,004 31,894
Shareholders' funds 226,314 32,894
  • For the year ending 30 September 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 14 February 2015

And signed on their behalf by:
MR R J H PALMER, Director

PENTIRE INVESTMENTS LIMITED Registered Number 07778781

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Valuation information and policy
Investment property is shown at most recent valuation. Any aggregate or surplus arising from changes in market value is transferred to a revaluation reserve.
The property is stated at its current value of £600,000 (2013 £590,802) which is the present value in the opinion of the Directors. Although this is contrary to the Companies Act 2006, which states that fixed assets should be depreciated, it is in the opinion of the Directors necessary in order to give a true and fair view of the financial position of the company.

Other accounting policies
Pension contributions - the company operates a defined contribution scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets
£
Cost
At 1 October 2013 590,802
Additions -
Disposals -
Revaluations 9,198
Transfers -
At 30 September 2014 600,000
Depreciation
At 1 October 2013 -
Charge for the year -
On disposals -
At 30 September 2014 -
Net book values
At 30 September 2014 600,000
At 30 September 2013 590,802

3Fixed assets Investments
These stood at a cost of £177,815 at 1st October 2013, additions during the year were £47,725. disposals £33,082 and increase on revaluation £10,112, giving a new book value at 30 September 2014 of £202,570.

4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
260 A Ordinary shares of £1 each 260 260
260 B Ordinary shares of £1 each 260 260
240 C Ordinary shares of £1 each 240 240
240 D Ordinary shares of £1 each 240 240