Pangbourne & Goring Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 05776886

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

PANGBOURNE & GORING

PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mrs S McLaughlin

Mr B McLaughlin

SECRETARY:

Mr B McLaughlin

REGISTERED OFFICE:

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

REGISTERED NUMBER:

05776886

ACCOUNTANTS:

Garbetts (IOW) Limited

Exchange House

St Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

2

520

693

Investment property

3

1,810,000

1,810,520

1,810,693

CURRENT ASSETS

Cash at bank

68,788

81,697

CREDITORS

Amounts falling due within one year

1,057,036

1,059,470

NET CURRENT LIABILITIES

(988,248

)

(977,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

822,272

832,920

CREDITORS

Amounts falling due after more than one
year

4

(706,510

)

(706,510

)

PROVISIONS FOR LIABILITIES

(104

)

-

NET ASSETS

115,658

126,410

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

83,574

Profit and loss account

32,082

42,834

SHAREHOLDERS' FUNDS

115,658

126,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 August 2015 and were signed on its behalf by:

Mr B McLaughlin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents rental income generated from the letting of investment properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve.

No depreciation is charged on investment properties.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19 accounting

for investment properties, 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 directors compliance with the standard is necessary for

the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many

factors reflected in the annual valuation and the amount of which might otherwise have been charged cannot

be separately identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

924

DEPRECIATION

At 1 May 2014

231

Charge for year

173

At 30 April 2015

404

NET BOOK VALUE

At 30 April 2015

520

At 30 April 2014

693

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2014

and 30 April 2015

1,810,000

NET BOOK VALUE

At 30 April 2015

1,810,000

At 30 April 2014

1,810,000

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable otherwise than by instalments

706,510

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

2

Pangbourne & Goring Properties Limited - Limited company - abbreviated - 11.6

Pangbourne & Goring Properties Limited - Limited company - abbreviated - 11.6