Passap Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04763741 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Passap Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R K Passap

Mrs R K Passap

SECRETARY:

Mr R K Passap

REGISTERED OFFICE:

32 DeMontfort Street

Leicester

Leicestershire

LE1 7GD

REGISTERED NUMBER:

04763741 (England and Wales)

ACCOUNTANTS:

Pinnacle

Chartered Certified Accountants

& Registered Auditors

32 DeMontfort Street

Leicester

Leicestershire

LE1 7GD

CURRENT ASSETS

Debtors

33,143

33,143

CREDITORS

Amounts falling due within one year

4,228

4,228

NET CURRENT ASSETS

28,915

28,915

TOTAL ASSETS LESS CURRENT LIABILITIES

28,915

28,915

CAPITAL AND RESERVES

Called up share capital

2

30,000

30,000

Profit and loss account

(1,085

)

(1,085

)

SHAREHOLDERS' FUNDS

28,915

28,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 10 April 2015 and were signed on its behalf by:

Mr R K Passap - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company was dormant throughout the current year and previous year.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date

to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise,

based on current tax rates and law. Timing differences arise from the inclusion of items of income and

expenditure in taxation computations in periods different from those in which they are included in the

financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

30,000

Ordinary shares

£1

30,000

30,000