Polkadot Property Consultants Limited - Period Ending 2014-09-30

Registration number: 05574453

Polkadot Property Consultants Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

A J Wheeler Limited
Chartered Certified Accountants
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL

Polkadot Property Consultants Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Polkadot Property Consultants Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Polkadot Property Consultants Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Polkadot Property Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Polkadot Property Consultants Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Polkadot Property Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Polkadot Property Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Polkadot Property Consultants Limited. You consider that Polkadot Property Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Polkadot Property Consultants 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 accounts.

......................................

A J Wheeler Limited
Chartered Certified Accountants
Unit 5 Links House
Dundas Lane
Portsmouth
Hampshire
PO3 5BL

3 March 2015

Page 1

Polkadot Property Consultants Limited
(Registration number: 05574453)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					3,339			4,485
Current assets
Debtors					93,642			80,394
Cash at bank and in hand					13,897			2,935
					107,539			83,329
Creditors: Amounts falling due within one year					(26,295)			(53,891)
Net current assets					81,244			29,438
Total assets less current liabilities					84,583			33,923
Creditors: Amounts falling due after more than one year					(12,954)			-
Net assets					71,629			33,923
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					71,627			33,921
Shareholders' funds					71,629			33,923

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 director acknowledges his 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 director on 3 March 2015

.........................................
Mr Nicholas Alexander Faulkner FRICS
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Polkadot Property Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	25% on reducing balance and 20% on cost
Computer equipment	10% on cost

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 are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Polkadot Property Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		6,966			6,966
At 30 September 2014		6,966			6,966
Depreciation
At 1 October 2013		2,481			2,481
Charge for the year		1,146			1,146
At 30 September 2014		3,627			3,627
Net book value
At 30 September 2014		3,339			3,339
At 30 September 2013		4,485			4,485

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Called up share capital of £1 each		2			2			2			2

Page 4