Pathfinding (SEV) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07467098

PATHFINDING (SEV) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Fretwell

Mr N Pickering

Mr J L Lucas

REGISTERED OFFICE:

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

REGISTERED NUMBER:

07467098

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

BANKERS:

Barclays Bank Plc

23 Market Place

Mansfield

Nottinghamshire

NG18 1HT

FIXED ASSETS

Investment property

2

31,620

39,322

CURRENT ASSETS

Debtors

4,186

16,940

Cash at bank

71,890

30,298

76,076

47,238

CREDITORS

Amounts falling due within one year

86,547

63,006

NET CURRENT LIABILITIES

(10,471

)

(15,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,149

23,554

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

21,049

23,454

SHAREHOLDERS' FUNDS

21,149

23,554

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 April 2015 and were signed on its behalf by:

Mr N Pickering - Director

Mr J L Lucas - Director

Mr J Fretwell - 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).

Turnover

Turnover represents the value of service charges for maintenance of Sherwood Energy Village excluding Value

Added Tax charged to tenants during the year.

All income is charged to profit and loss at the same point as the right to receive consideration has been acquired.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt

instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as

such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the

profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the

outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability

then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited

direct to equity.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 November 2013

39,322

Additions

742

Disposals

(8,444

)

At 31 October 2014

31,620

NET BOOK VALUE

At 31 October 2014

31,620

At 31 October 2013

39,322

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY

Pathfinding Limited is regarded by the directors as being the company's ultimate parent company.

5.	TRANSACTIONS WITH DIRECTORS

During the year the company paid interest on its loan from Mr J Fretwell of £- (2013: £2,456).