PLA3 Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08668711 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 29 AUGUST 2013 TO 31 AUGUST 2014

FOR

PLA3 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P L Alcock

REGISTERED OFFICE:

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

REGISTERED NUMBER:

08668711 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

FIXED ASSETS

Tangible assets

2

2,677

Investment property

3

323,472

326,149

CURRENT ASSETS

Debtors

1,409

Cash at bank

18,307

19,716

CREDITORS

Amounts falling due within one year

352,037

NET CURRENT LIABILITIES

(332,321

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,172

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(6,174

)

SHAREHOLDERS' FUNDS

(6,172

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 April 2015 and were signed by:

Mr P L Alcock - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has net current liabilities of £332,321 and net liabilities of £6,172. Included within other creditors due within

one year is an amount of £349,798 due to Mr P L Alcock, who is the director of the company. The director will not seek

repayment of this loan to the detriment of other creditors and the director will continue to provide the company with financial

support as and when required. The director therefore considers it appropriate to prepare the accounts on a going concern

basis.

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

In accordance with SSAP19, investment properties are revalued annually and any surplus or deficit arising is taken to an

investment property reserve. No depreciation is provided on such properties as they are held as investments and not for

consumption.

This treatment of investment properties may be a departure from the requirements of the Companies Act concerning

depreciation of fixed assets. However, as these properties are not held for consumption but for investment, the director

considers that depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial

statements to give a true and fair view.

Deferred tax

The charge/(credit) for taxation is based on the results for the year and takes into account taxation deferred because of

timing differences between the treatment of certain items for taxation and accounting purposes. In accordance with

Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that have been

originated but not reversed by the balance sheet date. Deferred tax assets are recognised when it is more likely than not

that the asset will be recovered. Deferred tax is measured using rates that have been enacted or substantially enacted by

the balance sheet date. Deferred tax balances are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,677

At 31 August 2014

2,677

NET BOOK VALUE

At 31 August 2014

2,677

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

323,472

At 31 August 2014

323,472

NET BOOK VALUE

At 31 August 2014

323,472

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary A

£1

1

1

Ordinary B

£1

1

2

The following shares were allotted and fully paid for cash at par during the period:

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr P L Alcock, operated a loan account with the company. During the year there were

withdrawals of £2,002, and funds advanced of £351,800. At 31 August 2014 the balance owed to the director by the

company was £349,798. This loan is interest free and repayable on demand.