Abbreviated Company Accounts - PENWAKE PROPERTIES LIMITED

PENWAKE PROPERTIES LIMITED - Company Information

04981010 PENWAKE PROPERTIES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04981010 2013-01-01 2013-12-31 04981010 2013-12-31 04981010 2012-12-31 04981010 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04981010 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04981010

PENWAKE PROPERTIES LIMITED

Abbreviated Accounts

31 December 2013

PENWAKE PROPERTIES LIMITED Registered Number 04981010

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	686,845	686,999
		686,845	686,999
Current assets
Cash at bank and in hand		35,482	27,848
		35,482	27,848
Creditors: amounts falling due within one year		(630,552)	(631,503)
Net current assets (liabilities)		(595,070)	(603,655)
Total assets less current liabilities		91,775	83,344
Total net assets (liabilities)		91,775	83,344
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		91,773	83,342
Shareholders' funds		91,775	83,344

For the year ending 31 December 2013 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 directors acknowledge their 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 Board on 25 April 2014

And signed on their behalf by:
Mr Arthur Robinson, Director

PENWAKE PROPERTIES LIMITED Registered Number 04981010

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Freehold land and buildings are not depreciated as they are regarded as investments. Fixtures, fittings and equipment are depreciated at 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 January 2013	693,896
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	693,896
Depreciation
At 1 January 2013	6,897
Charge for the year	154
On disposals	-
At 31 December 2013	7,051
Net book values
At 31 December 2013	686,845
At 31 December 2012	686,999

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2