2012-12-24
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Private Limited Company
00740136
2013-12-23
00740136
2012-12-24
2013-12-23
00740136
2012-12-23
00740136
2011-12-24
2012-12-23
00740136
uk-bus:Director1
2012-12-24
2013-12-23
00740136
uk-bus:OrdinaryShareClass1
2013-12-23
iso4217:GBP
For the year ended 23 December 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 00740136
2
Pollmount Limited
For the year ended 23 December 2013
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Pollmount Limited
Accountants' Report
For the year ended 23 December 2013
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of Pollmount Limited for the year ended 23 December 2013 which comprise the Profit and Loss Account, |
| the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
| professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the Board of Directors of Pollmount Limited, as a body, in accordance with the terms |
| of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of |
| Pollmount Limited and state those matters that we have agreed to state to the Board of Directors of Pollmount |
| Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified |
| Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we |
| do not accept or assume responsibility to anyone other than Pollmount Limited and its Board of Directors as a body |
| for our work or for this report. |
| It is your duty to ensure that Pollmount Limited has kept adequate accounting records and to prepare statuary |
| accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Pollmount Limited. |
| You consider that Pollmount 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 accounts of Pollmount 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 accounts. |
John R Parkhouse FCCA
332 Hill Lane
Southampton
SO15 7NW
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4
| Abbreviated Balance Sheet |
Pollmount Limited
23/12/2013
23/12/2012
7,035,086
7,029,099
2
7,029,099
7,035,086
4,997,782
5,417,261
144,837
1,794,309
5,562,098
6,792,091
| Creditors: amounts falling due within one year |
(98,790)
(109,067)
6,693,301
5,453,031
Net current assets
| Total assets less current liabilities |
12,482,130
13,728,387
12,482,130
Net assets
13,728,387
100
3
100
8,399,413
8,399,413
4,082,617
5,328,874
12,482,130
13,728,387
Shareholders funds
| For the year ended 23 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) 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. |
| Date approved by the board: 11 April 2014 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Pollmount Limited
For the year ended 23 December 2013
| The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover represents rents receivable.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| The company's freehold properties were professionally valued in December 2011. This valuation has been reduced by |
| subsequent depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities |
| (effective April 2008) the properties continue to be stated at that valuation less accumulated depreciation to date and |
| that valuation has not been updated. |
| The company's freehold properties are revalued in full every three years. Interim valuations are carried out when it is |
| likely that there has been a material change in value. |
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| Investment properties are included in the balance sheet at their open market value at the balance sheet date every |
| three years. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective |
| April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be |
| depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to |
| give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the triennial valuation |
| and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
| Fixed asset investments are stated at market value, if listed, or at directors' valuation, if unlisted. The market value is |
| based on the closing middle market price. |
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6
| Notes to the Abbreviated Financial Statements |
Pollmount Limited
For the year ended 23 December 2013
| 2 Fixed asset investments |
7,035,086
5,987
-
7,029,099
| Allotted called up and fully paid |
23/12/2013
23/12/2012
| 100 Class A shares of £1.00 each |
100
100
100
100
4 of 4
