Abbreviated Company Accounts - PLACERARE LIMITED

Registered Number 02194045

PLACERARE LIMITED

Abbreviated Accounts

30 September 2014

PLACERARE LIMITED Registered Number 02194045

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	124,827	124,242
Investments		-	-
		124,827	124,242
Current assets
Stocks		-	-
Debtors		425	365
		425	365
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(191,894)	(188,630)
Net current assets (liabilities)		(191,469)	(188,265)
Total assets less current liabilities		(66,642)	(64,023)
Total net assets (liabilities)		(66,642)	(64,023)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(66,742)	(64,123)
Shareholders' funds		(66,642)	(64,023)

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 27 February 2015

And signed on their behalf by:
Roger James, Director
Anthony Parsons, Director

PLACERARE LIMITED Registered Number 02194045

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.

Turnover policy
Turnover represents the net amounts exclusive of VAT invoiced during the year by the company in respect of property rentals

Tangible assets depreciation policy
Depreciation is provided on the cost of tangible fixed assets in order to write off such cost after taking into account scrap value over the expected useful life as follows:
Furniture and Fittings 1/7 on cost

Intangible assets amortisation policy
N/A

Valuation information and policy
N/A

Other accounting policies
Foreign Exchange. Transactions denominated in a foreign currency are translated into sterling at the calculated average rate of exchange that was obtained throughout the year. Balances at year end that are denominated in a foreign currency are translated into sterling at that average rate of exchange at the end of the year.

2Tangible fixed assets

	£
Cost
At 1 October 2013	135,023
Additions	1,125
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	136,148
Depreciation
At 1 October 2013	10,781
Charge for the year	540
On disposals	-
At 30 September 2014	11,321
Net book values
At 30 September 2014	124,827
At 30 September 2013	124,242