PBNS_INVESTMENTS_LIMITED - Accounts
PBNS_INVESTMENTS_LIMITED - Accounts
Company Registration No. 08588407 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2014
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PBNS INVESTMENTS LIMITED FOR THE PERIOD ENDED 30 JUNE 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PBNS Investments Limited for the period ended 30 June 2014 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 member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of PBNS Investments Limited, as a body, in accordance with the terms of our engagement letter dated 15 July 2013. Our work has been undertaken solely to prepare for your approval the financial statements of PBNS Investments Limited and state those matters that we have agreed to state to the Board of Directors of PBNS Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PBNS Investments Limited and it's Board of Directors as a body, for our work or for this report. Do not use
It is your duty to ensure that PBNS Investments 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 PBNS Investments Limited. You consider that PBNS Investments Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of PBNS Investments 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 Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2014
- 2 -
2014
Notes
£
£
Fixed assets
Investments
2
Current assets
Creditors: amounts falling due within one year
(100,000 )
Net current liabilities
(100,000 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(509,730 )
Capital and reserves
Called up share capital
3
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 16 March 2015
Director
Company Registration No. 08588407
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2014
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1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 27 June 2013
-
Additions
614,730
At 30 June 2014
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2014
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
701,581
190,354
3
Share capital
2014
£
Allotted, called up and fully paid
During the period 5,000 ordinary shares of £1 each were allotted and fully paid at par in a share for share exchange.