Abbreviated Company Accounts - PROPERTY VENTURES (UK) LIMITED

PROPERTY VENTURES (UK) LIMITED - Company Information

05980951 PROPERTY VENTURES (UK) LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05980951 2014-01-01 2014-12-31 05980951 2014-12-31 05980951 2013-12-31 05980951 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05980951 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05980951

PROPERTY VENTURES (UK) LIMITED

Abbreviated Accounts

31 December 2014

PROPERTY VENTURES (UK) LIMITED Registered Number 05980951

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,237	6,975
		7,237	6,975
Current assets
Stocks		35,500	35,500
Debtors		43,776	45,569
Cash at bank and in hand		13	2,117
		79,289	83,186
Creditors: amounts falling due within one year		(19,005)	(141,432)
Net current assets (liabilities)		60,284	(58,246)
Total assets less current liabilities		67,521	(51,271)
Creditors: amounts falling due after more than one year		(131,556)	-
Total net assets (liabilities)		(64,035)	(51,271)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(65,035)	(52,271)
Shareholders' funds		(64,035)	(51,271)

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 30 September 2015

And signed on their behalf by:
Mr Naveen Takiar, Director

PROPERTY VENTURES (UK) LIMITED Registered Number 05980951

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment - 25% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2014	22,829
Additions	2,190
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	25,019
Depreciation
At 1 January 2014	15,854
Charge for the year	1,928
On disposals	-
At 31 December 2014	17,782
Net book values
At 31 December 2014	7,237
At 31 December 2013	6,975

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000