Panesar Properties (UK) Ltd - Limited company - abbreviated - 11.6

PANESAR PROPERTIES (UK) LTD

Abbreviated Unaudited Accounts

for the Period 24 January 2014 to 30 April 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

T Panesar

NS Panesar

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

08861312 (England and Wales)

ACCOUNTANTS:

Botros & Co

Chartered Accountants

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Lloyds TSB Bank plc

6 Park Row Branch

Leeds

West Yorkshire

LS1 5HD

FIXED ASSETS

Tangible assets

2

695,153

CURRENT ASSETS

Cash at bank and in hand

2,930

CREDITORS

Amounts falling due within one year

18,790

NET CURRENT LIABILITIES

(15,860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

679,293

CREDITORS

Amounts falling due after more than one year

3

678,370

NET ASSETS

923

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

723

SHAREHOLDERS' FUNDS

923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 October 2015 and were signed on its behalf by:

T Panesar - Director

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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

695,507

At 30 April 2015

695,507

DEPRECIATION

Charge for period

354

At 30 April 2015

354

NET BOOK VALUE

At 30 April 2015

695,153

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

£

Repayable by instalments

234,370

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

200

Ordinary Shares

£1

200

200 Ordinary Shares shares of £1 each were allotted and fully paid for cash at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Panesar Properties (UK) Ltd for the period ended 30 April 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Panesar Properties (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 24 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Panesar Properties (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of Panesar Properties (UK) Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Panesar Properties (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Panesar Properties (UK) Ltd. You consider that Panesar Properties (UK) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Panesar Properties (UK) Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Botros & Co

Chartered Accountants

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

12 October 2015