Patronus Properties Limited

PATRONUS PROPERTIES LIMITED - Company Information

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Registered number: 08727942

Abbreviated accounts

For The Year Ended 31 October 2014

Patronus Properties Limited

Company No. 08727942

Abbreviated Balance Sheet 31 October 2014

Abbreviated Balance Sheet

		2014
	Notes	£	£
FIXED ASSETS
Tangible assets	2		1,459,906

			1,459,906
CURRENT ASSETS
Debtors		1,108
Cash at bank and in hand		5,429

		6,537
Creditors: Amounts Falling Due Within One Year		(7,443)

NET CURRENT ASSETS (LIABILITIES)			(906)

TOTAL ASSETS LESS CURRENT LIABILITIES			1,459,000

Creditors: Amounts Falling After More Than One Year	4		(1,470,680)

NET ASSETS			(11,680)

CAPITAL AND RESERVES
Called up share capital	5		100
Profit and Loss account			(11,780)

SHAREHOLDERS' FUNDS			(11,680)

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Patronus Properties Limited

Company No. 08727942

Abbreviated Balance Sheet (continued) 31 October 2014

For the year ending 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mrs Harjinder Sandhu

10 August 2015

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Patronus Properties Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 October 2014

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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 and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Fixtures & Fittings	20% straight line basis

Investment properties

Investment properties should not be subject to periodic charges for depreciation on the basis set out in SSAP 12, except for properties held on lease which should be depreciated on the basis set out in SSAP 12 at least over the period when the unexpired term is 20 years or less.Investment properties should be included in the balance sheet at their open market value.

Tangible Assets


	Total
Cost	£
As at 1 November 2013	-
Additions	1,459,906

As at 31 October 2014	1,459,906

Net Book Value
As at 31 October 2014	1,459,906

As at 1 November 2013	-

The freehold land and buildings are held as long term investments. In the director's opinion, the market value was not significantly different from their historic cost.

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Patronus Properties Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 October 2014

Creditors: Amounts Falling After More Than One Year

	2014
	£
Bank loans	1,014,747
Shareholders loans (Long term liabilities - creditors > 1 year)	455,933

	1,470,680

Of the creditors falling due within and after more than one year the following amounts are due after more than five years.

	2014
	£
Bank loans and overdrafts	1,014,747
Other Creditors	455,933

Share Capital

	Value	Number	2014
Allotted, called up and fully paid:	£		£
Ordinary shares	1.000	100	100

	Nominal value	Number	Amount

Shares issued during the period:	£		£
Ordinary shares	1.000	100	100

Ultimate Controlling Party

The company's ultimate controlling party is Mr M S and Mrs H K Rai by virtue of his ownership of 100% of the issued share capital in the company.

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