Political Investments Limited - Limited company - abbreviated - 11.0.0
Political Investments Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE PERIOD 1 JANUARY 2014 TO 30 JUNE 2014 |
| FOR |
| POLITICAL INVESTMENTS LIMITED |
| POLITICAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06818606) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 1 JANUARY 2014 TO 30 JUNE 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| POLITICAL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JANUARY 2014 TO 30 JUNE 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| POLITICAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06818606) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2014 |
| 30.6.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 financial statements were approved by the director on |
| POLITICAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06818606) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 1 JANUARY 2014 TO 30 JUNE 2014 |
| 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). |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date where transactions or events that will result in an obligation to pay more tax in future or a right to pay less tax in |
| future have occurred at that date. Timing differences are differences between the company's taxable profits and its results |
| as stated in the financial statements. |
| Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are |
| expected to reverse, based on tax rates and laws which are enacted or substantially enacted by the balance sheet date. |
| Deferred tax is measured on a non-discounted basis. |
| Where such differences result in deferred tax assets, they are recognised to the extent that they are regarded as |
| recoverable where, on the basis of available evidence, it is more likely than not that there will be suitable taxable profits |
| from which the reversal of the timing differences can be deducted. |
| Investments |
| Investments in group undertakings are carried at cost less provision for impairment. |
| Listed investments are carried at the published market value at the close of business on the balance sheet date. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST OR VALUATION |
| At 1 January 2014 | 124,044 |
| Revaluations | (30,918 | ) |
| Impairments | (1 | ) |
| At 30 June 2014 | 93,125 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 31 December 2013 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | (415,274 | ) |
| POLITICAL INVESTMENTS LIMITED (REGISTERED NUMBER: 06818606) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE PERIOD 1 JANUARY 2014 TO 30 JUNE 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary A | £0.50 |
| Ordinary B | £0.50 |
| Ordinary C | £0.50 |
| 127 | 127 |
| 4. | ULTIMATE PARENT COMPANY |