PACIFIC_LAND_CONSULTANTS_ - Accounts

PACIFIC LAND CONSULTANTS LIMITED - Company Information

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Company Registration No. 01662897 (England and Wales)

PACIFIC LAND CONSULTANTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

100248-2014

Registered office

5th Floor

86 Jermyn Street

London

SW1Y 6AW

PACIFIC LAND CONSULTANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

484,972

Current assets

Creditors: amounts falling due within one year

(534,604)

(530,310)

Net current liabilities

(534,604)

(530,310)

Total assets less current liabilities

(49,632)

(45,338)

Capital and reserves

Called up share capital

100

Revaluation reserve

10,544

Profit and loss account

(60,276)

(55,982)

Shareholders' funds

(49,632)

(45,338)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 17 June 2015

T. Lane

Director

Company Registration No. 01662897

PACIFIC LAND CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2014 & at 31 December 2014

484,972

At 31 December 2013

484,972

Share capital

2014

2013

Allotted, called up and fully paid

Ordinary shares

100

The issued shares represent 100 Ordinary shares with a par value of £1 each.