Property Accountant Here Limited - Period Ending 2015-03-31

Registration number: 07978401

Property Accountant Here Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Perrigo Consultants Limited 3
Chartered Certified Accountants
Old Anglo House
Mitton Street
Stourport on Severn
Worcestershire
DY13 9AQ

Property Accountant Here Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Property Accountant Here Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Property Accountant Here Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Property Accountant Here Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Property Accountant Here Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Accountant Here Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Property Accountant Here Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Property Accountant Here Limited. You consider that Property Accountant Here Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Property Accountant Here Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Perrigo Consultants Limited 3
Chartered Certified Accountants
Old Anglo House
Mitton Street
Stourport on Severn
Worcestershire
DY13 9AQ

3 August 2015

Page 1

Property Accountant Here Limited
(Registration number: 07978401)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					2,821			2,821
Current assets
Debtors					6,067			2,033
Cash at bank and in hand					5,141			815
					11,208			2,848
Creditors: Amounts falling due within one year					(13,939)			(7,142)
Net current liabilities					(2,731)			(4,294)
Net assets/(liabilities)					90			(1,473)
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					80			(1,483)
Shareholders' funds/(deficit)					90			(1,473)

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 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 3 August 2015 and signed on its behalf by:

.........................................
Kenneth Bell
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Property Accountant Here Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an intangible asset on the balance sheet and amortised on a straight line basis if applicable over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

The capitalised value of goodwill has been reviewed and the value requires no amortisation. It will be reviewed annually.

Asset class	Amortisation method and rate
Goodwill	0%

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Property Accountant Here Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 April 2014		2,821			2,821
At 31 March 2015		2,821			2,821
Depreciation
At 31 March 2015		-			-
Net book value
At 31 March 2015		2,821			2,821
At 31 March 2014		2,821			2,821

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares - A class of £1 each		5			5			5			5
Ordinary shares - B class of £1 each		5			5			5			5
		10			10			10			10

Page 4