Pentstrend General Trading Company Ltd - Limited company - abbreviated - 11.9

PENTSTREND GENERAL TRADING

COMPANY LIMITED

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C E Marsh

A C Bernstein

SECRETARY:

A C Bernstein

REGISTERED OFFICE:

4 Churchill Court

58 Station Road

North Harrow

Middlesex

HA2 7ST

REGISTERED NUMBER:

00825546 (England and Wales)

ACCOUNTANTS:

ADAMS MOORHOUSE, Chartered Accountants

4 Churchill Court

58 Station Road

North Harrow

Middlesex

HA2 7ST

BANKERS:

Barclays Bank PLC

30 High Street

Southampton

SO9 7AB

FIXED ASSETS

Tangible assets

2

453,789

269,750

Investments

3

76

-

453,865

269,750

CURRENT ASSETS

Stocks

22,854

16,060

Debtors

120,146

2,583

Cash at bank and in hand

24,997

135,508

167,997

154,151

CREDITORS

Amounts falling due within one year

4

207,881

249,089

NET CURRENT LIABILITIES

(39,884

)

(94,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

413,981

174,812

PROVISIONS FOR LIABILITIES

2,135

-

NET ASSETS

411,846

174,812

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

188,496

-

Profit and loss account

223,250

174,712

SHAREHOLDERS' FUNDS

411,846

174,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 30 September 2015 and were signed on its behalf by:

C E Marsh - Director

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).

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Pentstrend General Trading Company Limited as

an individual company and do not contain consolidated financial information as the parent of a group.

The company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

15% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

DEFERRED TAX

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

the balance sheet date.

RESEARCH AND DEVELOPMENT

Expenditure on research and development is written off in the year in which it is incurred.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2014

415,900

Revaluations

188,496

At 31 December 2014

604,396

DEPRECIATION

At 1 January 2014

146,150

Charge for year

4,457

At 31 December 2014

150,607

NET BOOK VALUE

At 31 December 2014

453,789

At 31 December 2013

269,750

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

76

At 31 December 2014

76

NET BOOK VALUE

At 31 December 2014

76

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Southern Counties Real Estate Company Limited

Country of incorporation: England & Wales

Nature of business: Real Estate Agents

%

Class of shares:

holding

Ordinary

76.00

31.5.15

£

Aggregate capital and reserves

(26,634

)

Loss for the period/year

(26,734

)

4.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 827 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100