Abbreviated Company Accounts - PERY PROPERTIES INVESTMENT LIMITED

PERY PROPERTIES INVESTMENT LIMITED - Company Information

Registered Number 07891900

PERY PROPERTIES INVESTMENT LIMITED

Abbreviated Accounts

31 December 2014

PERY PROPERTIES INVESTMENT LIMITED Registered Number 07891900

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,600,000	830,000
		1,600,000	830,000
Current assets
Cash at bank and in hand		3,177	3,774
		3,177	3,774
Creditors: amounts falling due within one year		(86,502)	(58,298)
Net current assets (liabilities)		(83,325)	(54,524)
Total assets less current liabilities		1,516,675	775,476
Creditors: amounts falling due after more than one year		(806,083)	(815,214)
Total net assets (liabilities)		710,592	(39,738)
Capital and reserves
Called up share capital		100	100
Revaluation reserve		770,000	-
Profit and loss account		(59,508)	(39,838)
Shareholders' funds		710,592	(39,738)

For the year ending 31 December 2014 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 9 September 2015

And signed on their behalf by:
Mr D. Tamir, Director

PERY PROPERTIES INVESTMENT LIMITED Registered Number 07891900

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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.

Turnover policy
Turnover represents rents receivable.

Tangible assets depreciation policy
The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

2Tangible fixed assets

	£
Cost
At 1 January 2014	830,000
Additions	-
Disposals	-
Revaluations	770,000
Transfers	-
At 31 December 2014	1,600,000
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	1,600,000
At 31 December 2013	830,000