Abbreviated Company Accounts - PROPERTY4GAIN LIMITED

PROPERTY4GAIN LIMITED - Company Information

06429346 PROPERTY4GAIN LIMITED 2013-11-30 false 2012-12-01 2013-11-30 true 06429346 2012-12-01 2013-11-30 06429346 2013-11-30 06429346 2012-11-30 06429346 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-30 06429346 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-30 uk-gaap-cd-bus:Director3 2012-12-01 2013-11-30 uk-gaap-cd-bus:Director3 2013-11-30 uk-gaap-cd-bus:Director3 2012-11-30 iso4217:GBP shares

Registered Number 06429346

PROPERTY4GAIN LIMITED

Abbreviated Accounts

30 November 2013

PROPERTY4GAIN LIMITED Registered Number 06429346

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	145	194
		145	194
Current assets
Cash at bank and in hand		648	1,097
		648	1,097
Creditors: amounts falling due within one year		(17,293)	(16,167)
Net current assets (liabilities)		(16,645)	(15,070)
Total assets less current liabilities		(16,500)	(14,876)
Total net assets (liabilities)		(16,500)	(14,876)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(16,502)	(14,878)
Shareholders' funds		(16,500)	(14,876)

For the year ending 30 November 2013 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 29 August 2014

And signed on their behalf by:
R Raymond, Director

PROPERTY4GAIN LIMITED Registered Number 06429346

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

At the balance sheet date, the companies liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

Turnover policy
The turnover shown in the profit and loss account represents nil invoiced during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 December 2012	614
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	614
Depreciation
At 1 December 2012	420
Charge for the year	49
On disposals	-
At 30 November 2013	469
Net book values
At 30 November 2013	145
At 30 November 2012	194

Computer Equipment

3Transactions with directors

Name of director receiving advance or credit:	R Raymond and I Robinson
Description of the transaction:	Directors current accounts
Balance at 1 December 2012:	£ 3,889
Advances or credits made:	£ 3,100
Advances or credits repaid:	-
Balance at 30 November 2013:	£ 6,989