Pilgrim Preservation Project Limited - Limited company - abbreviated - 11.6

Pilgrim Preservation Project Limited - Limited company - abbreviated - 11.6

PILGRIM PRESERVATION PROJECT LIMITED - Company Information

Print Friendly Version

03816054 1.10.13 30.9.14 30.9.14 Company accounts Private Limited Company FY true false true false false true false Ordinary 1,000.00000 1,000.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure038160542013-09-30038160542014-09-30038160542013-10-012014-09-30038160542012-09-30038160542012-10-012013-09-30038160542013-09-3003816054ns12:England2013-10-012014-09-3003816054ns14:PoundSterling2013-10-012014-09-3003816054ns7:Director12013-10-012014-09-3003816054ns7:OrdinaryShareClass12013-10-012014-09-3003816054ns7:Director22013-10-012014-09-3003816054ns7:Director42013-10-012014-09-3003816054ns7:Director52013-10-012014-09-3003816054ns7:Director62013-10-012014-09-3003816054ns7:CompanySecretary2013-10-012014-09-3003816054ns7:RegisteredOffice2013-10-012014-09-3003816054ns7:EntityAccountantsOrAuditors2013-10-012014-09-3003816054ns7:OrdinaryShareClass12014-09-3003816054ns7:OrdinaryShareClass12013-09-30
REGISTERED NUMBER: 03816054 (England and Wales)















PILGRIM PRESERVATION PROJECT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2014






PILGRIM PRESERVATION PROJECT LIMITED (REGISTERED NUMBER: 03816054)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PILGRIM PRESERVATION PROJECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2014







DIRECTORS: Mr M H Chater
Mrs L M Davison
Mr R B Coveney
Mr B Sexon
Mr N C Davidson





SECRETARY: Mrs L M Davison





REGISTERED OFFICE: 15 Fore Street
Brixham
Devon
TQ5 8AA





REGISTERED NUMBER: 03816054 (England and Wales)





ACCOUNTANT: Caroline Bell FCCA ATII
Chartered Certified Accountant
15 Fore Street
Brixham
Devon
TQ5 8AA
1
PILGRIM PRESERVATION PROJECT LIMITED (REGISTERED NUMBER: 03816054)

ABBREVIATED BALANCE SHEET
30TH SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 119,563 122,378

CURRENT ASSETS
Stocks 400 550
Debtors 4,885 6,395
Cash at bank and in hand 8,834 23,217
14,119 30,162
CREDITORS
Amounts falling due within one year 27,997 62,716
NET CURRENT LIABILITIES (13,878 ) (32,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
105,685
89,824

CAPITAL AND RESERVES
Called up share capital 3 95,000 91,000
Share premium 33,500 29,500
Profit and loss account (22,815 ) (30,676 )
SHAREHOLDERS' FUNDS 105,685 89,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 4th June 2015 and were signed on its
behalf by:





Mr R B Coveney - Director


The notes form part of these abbreviated accounts

2
PILGRIM PRESERVATION PROJECT LIMITED (REGISTERED NUMBER: 03816054)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2014

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 donations and grants received towards the costs of restoration and the
general running of the vessel and the net income accrued during the year from sailing and other
operations.

Tangible fixed assets
Depreciation has been provided at 25% on the reducing balance for fixtures and fittings and computer
equipment. No depreciation has been provided for on the vessel Pilgrim BM45 as in the opinion of the
directors due to a continual programme of maintenance there is no foreseeable decrease in the value
of the vessel

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st October 2013 127,308
Additions 125
At 30th September 2014 127,433
DEPRECIATION
At 1st October 2013 4,930
Charge for year 2,940
At 30th September 2014 7,870
NET BOOK VALUE
At 30th September 2014 119,563
At 30th September 2013 122,378

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
95 Ordinary £1000 95,000 91,000
(2013 - 91 )

4 Ordinary shares of £1000 each were allotted as fully paid at a premium of 1000 per share during the
year.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors include the sum of £3,672 which may be owed to William Wakeham a shareholder and
former director of the Company. Mr Wakeham claims that he is owed the total aggregate sum of
£10,742 and the Company is currently investigating these claims to verify the sums owed by the
Company to Mr Wakeham. If the total sum of £10,742 claimed by Mr Wakeham was to be verified as
owing to him then the Company would need to make further provision for creditors in the sum of
£7,070.

3