Prestwood Freeholds Limted,Ltd - Accounts

Prestwood Freeholds Limted,Ltd - Accounts

PRESTWOOD FREEHOLDS LIMITED - Company Information

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2014-01-01 true false Private Limited Company 04326915 2014-12-31 04326915 2014-01-01 2014-12-31 04326915 2013-12-31 04326915 2013-01-01 2013-12-31 04326915 uk-bus:Director1 2014-01-01 2014-12-31 04326915 uk-bus:OrdinaryShareClass1 2014-12-31 04326915 uk-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 iso4217:GBP xbrli:shares
Draft
Prestwood Freeholds Limted
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04326915
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Contents Page
Prestwood Freeholds Limted
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
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Prestwood Freeholds Limted
Accountants' Report
For the year ended 31 December 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 December 2014 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Hicks Calvert & Co
21 The Avenue
Potters Bar
Herts
EN6 1EG
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Abbreviated Balance Sheet
Prestwood Freeholds Limted
As at 31 December 2014
04326915
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
291,069
304,068
291,069
304,068
Current assets
Cash at bank and in hand
50,200
35,884
50,200
35,884
Creditors: amounts falling due within one year
(1,153)
(1,289)
34,731
48,911
Net current assets
Total assets less current liabilities
339,980
338,799
339,980
Net assets
338,799
Capital and reserves
Called up share capital
53
3
52
Share premium account
325,752
325,752
Profit and loss account
14,175
12,995
339,980
338,799
Shareholders funds
For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 21 March 2015
Mr R Payne Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Prestwood Freeholds Limted
For the year ended 31 December 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
304,068
At 01 January 2014
(12,999)
Disposals
At 31 December 2014
291,069
Net book values
At 31 December 2014
291,069
304,068
At 31 December 2013
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
53 Ordinary shares of £1.00 each
52
53
53
52
1Ordinary £1.00 share has been issued during the year at par for a cash consideration of £1.
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