Abbreviated Company Accounts - P.L.E. PROPERTIES LIMITED

P.L.E. PROPERTIES LIMITED - Company Information

03249016 P.L.E. PROPERTIES LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 03249016 2013-10-01 2014-09-30 03249016 2014-09-30 03249016 2013-09-30 03249016 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 03249016 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2014-09-30 uk-gaap-cd-bus:Director3 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 03249016

P.L.E. PROPERTIES LIMITED

Abbreviated Accounts

30 September 2014

P.L.E. PROPERTIES LIMITED Registered Number 03249016

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	108,000	108,000
		108,000	108,000
Current assets
Cash at bank and in hand		1,253	1,253
		1,253	1,253
Creditors: amounts falling due within one year		(59,136)	(58,336)
Net current assets (liabilities)		(57,883)	(57,083)
Total assets less current liabilities		50,117	50,917
Total net assets (liabilities)		50,117	50,917
Capital and reserves
Called up share capital	3	1,000	1,000
Revaluation reserve		24,175	24,175
Profit and loss account		24,942	25,742
Shareholders' funds		50,117	50,917

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 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 30 June 2015

And signed on their behalf by:
Mrs M G Malia, Director

P.L.E. PROPERTIES LIMITED Registered Number 03249016

Notes to the Abbreviated Accounts for the period ended 30 September 2014

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.

Tangible assets depreciation policy
Tangible fixed assets include investment properties valued by the director on an existing use open market value basis.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 October 2013	108,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	108,000
Depreciation
At 1 October 2013	-
Charge for the year	-
On disposals	-
At 30 September 2014	-
Net book values
At 30 September 2014	108,000
At 30 September 2013	108,000

The valuations of investment properties were made as at 30 September 2011 by the director, on an open market basis and in her opinion there has been no significant change since then. They were previously valued at 30 September 2007 at a value of £120,000. No depreciation is provided in respect of these properties.
On an historical cost basis these would have been included at an original cost of £83,825 (2013 - £83,825). If the properties had been sold during the year, the potential tax payable would have been £nil.
(2011 : £nil).

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	M Malia (and R Malia)
Description of the transaction:	Amounts owed by the company
Balance at 1 October 2013:	£ 25,305
Advances or credits made:	£ 800
Advances or credits repaid:	-
Balance at 30 September 2014:	£ 26,105

The director and her husband, R. Malia, operated an interest free loan account with the company. During the year net credits totalling £800 were added to the account, leaving the balance due by the company at 30 September 2014 of £26,105 (2014: £25,305).
The company operated a loan account with Dyna-Lec Limited, a company controlled by the director and her husband. There were no transactions during the year leaving a balance due by the company at 30 September 2014 of £33,031 (2013 : £33,031).