Prime Central Properties (Management) Li - Limited company - abbreviated - 11.6
Prime Central Properties (Management) Li - Limited company - abbreviated - 11.6
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 |
| FOR |
| PRIME CENTRAL PROPERTIES (MANAGEMENT) |
| LIMITED |
| PRIME CENTRAL PROPERTIES (MANAGEMENT) |
| LIMITED (REGISTERED NUMBER: 04607615) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| PRIME CENTRAL PROPERTIES (MANAGEMENT) |
| LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| PRIME CENTRAL PROPERTIES (MANAGEMENT) |
| LIMITED (REGISTERED NUMBER: 04607615) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the Board of Directors on by: |
| PRIME CENTRAL PROPERTIES (MANAGEMENT) |
| LIMITED (REGISTERED NUMBER: 04607615) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover comprise fees receivable in respect of construction and project management services, property and |
| estate management and finance procuration fees, rental income and service charges provided during the year, |
| net of discounts and returns, excluding Value Added Tax. |
| Tangible fixed assets |
| Part of the company's investment property is included in the financial statements at valuation by independent |
| qualified surveyors and part by the directors in accordance with Statement of Standard Accounting Policy No. 19 |
| which requires such property to be stated at their current open market value.The surplus or deficit on revaluation |
| is transferred to revaluation reserve unless the deficit would take the property below original cost in which case, if |
| the deficit were considered to be permanent, it is recognised in the profit and loss account for the year. |
| Subsequent reversals of such deficits are credited to the profit and loss account in the same way. |
| Deferred tax |
| Deferred taxation has been recognised as a liability or asset if transactions have occurred at the balance sheet |
| date that give rise to an obligation to pay more taxation, or a right to pay less taxation, in the future which timing |
| differences have originated but not reversed at the balance sheet date. Deferred tax assets are recognised if their |
| recoverability in the foreseeable future is deemed to be probable. An asset is not recognised to the extent that the |
| transfer of economic benefits in the future is uncertain. Any liability to deferred tax is provided at the average rate |
| of tax expected to apply based on tax rates and laws that have been enacted or substantially enacted at the |
| balance sheet date. Deferred tax assets and liabilities are not discounted to reflect the time value of money. |
| Depreciation |
| In accordance with Standard of Standard Accounting Policy No. 19, no depreciation is provided in respect of long |
| leasehold investment property. This departure from the requirements of The Companies Act 2006 for all |
| properties to be depreciated, is necessary, as in the opinion of the directors, this accounting policy results in the |
| financial statements giving a true and fair view. |
| Value added tax |
| The company is registered for value added tax but has not elected to waive the exemption to charge value added |
| tax in respect its property investment. All income related to th property investment is exempt from value added |
| tax; all expenditure relating to the property investment, where recoverable, is stated excluding value added tax. |
| All other income and expenditure is stated net of value added tax. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| Additions |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| PRIME CENTRAL PROPERTIES (MANAGEMENT) |
| LIMITED (REGISTERED NUMBER: 04607615) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 January 2014 |
| and 31 December 2014 | 3 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Associated company |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 11.11 |
| 25.3.14 | 25.3.13 |
| £ | £ |
| Aggregate capital and reserves | 143,382 | 98,976 |
| Profit/(loss) for the year | 44,405 | (54,802 | ) |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | CONTROLLING PARTY |
| The company is under the control of the directors who together with their family indirectly own the entire issued |
| share capital of the company. |