Accounts filed on 31-03-2015

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			Company registration number:08004646
			PATERNOSTER INVESTMENTS LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2015

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PATERNOSTER INVESTMENTS LTD
BALANCE SHEET
AS AT 31 March 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Investments					12				12
Tangible assets		2			2,305				2,212
					2,317				2,224
CURRENT ASSETS
Debtors			58,460				58,913
Cash at bank and in hand			4,983				1,101
			63,443				60,014
CREDITORS
Amounts falling due within one year			(65,591)				(59,243)
NET CURRENT ASSETS					(2,148)				771
TOTAL ASSETS LESS
CURRENT LIABILITIES					169				2,995
NET ASSETS					169				2,995
CAPITAL AND RESERVES
Called-up equity share capital		4			106				106
Profit and loss account					63				2,889
SHAREHOLDERS FUNDS					169				2,995
For the year ending 31 March 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 19 May 2015 and signed on its behalf.
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C Baker - Director
19 May 2015
The annexed notes form part of these financial statements.

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PATERNOSTER INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Investments

Investments are stated at their market value at the year end. The market value of quoted securities is based on the middle market quotation on the relevant Stock Exchange. Other securities are valued by the trustees at the year end.

Fixed assets

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

Motor Vehicles - 20% per annum of cost

2.	Tangible fixed assets
				Total
	Cost
	At start of period			2,765
	Additions			808
	At end of period			3,573
	Depreciation
	At start of period			553
	Provided during the period			715
	At end of period			1,268
	Net Book Value
	At start of period			2,212
	At end of period			2,305

3.	Debtors
	Other Debtors is a long term loan to Apex Performance Bike Ltd.

4.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				100	100
	Ordinary B Shares of £1 each				6	6
	Total issued share capital				106	106
5.	Transactions with directors
	At 31 March 2014, Mr C Baker, director, was owed £60,476 (2014 - £53,770). This is an interest-free loan which is repayable on demand.
6.	Ultimate controlling party
	The ultimate controlling party is Charles Baker, a director and shareholder of the company.