Abbreviated Company Accounts - PARTNERS ON DEMAND LIMITED

PARTNERS ON DEMAND LIMITED - Company Information

03774492 PARTNERS ON DEMAND LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 03774492 2014-06-01 2015-05-31 03774492 2015-05-31 03774492 2014-05-31 03774492 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 03774492 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 03774492

PARTNERS ON DEMAND LIMITED

Abbreviated Accounts

31 May 2015

PARTNERS ON DEMAND LIMITED Registered Number 03774492

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	331,394	330,920
		331,394	330,920
Current assets
Debtors		1,299	1,222
Cash at bank and in hand		15,198	13,328
		16,497	14,550
Creditors: amounts falling due within one year		(5,168)	(7,491)
Net current assets (liabilities)		11,329	7,059
Total assets less current liabilities		342,723	337,979
Provisions for liabilities		(135)	-
Total net assets (liabilities)		342,588	337,979
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		342,488	337,879
Shareholders' funds		342,588	337,979

For the year ending 31 May 2015 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 28 October 2015

And signed on their behalf by:
Avril Diane Inglis, Director

PARTNERS ON DEMAND LIMITED Registered Number 03774492

Notes to the Abbreviated Accounts for the period ended 31 May 2015

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.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at the following annual rates in order to write off the cost less expected residual value of each asset over its estimated useful life:
Computer equipment - 40% on cost
Fixtures and equipment - 25% on cost
The long leasehold property is treated in the financial statements as an investment property in accordance with Standard Accounting Practice 19. No depreciation has been provided in respect of the leasehold investment property as the lease had over 20 years to run at the balance sheet date.
Valuation of long leasehold property was estimated by the directors as being £340,000 at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 June 2014	342,816
Additions	958
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	343,774
Depreciation
At 1 June 2014	11,896
Charge for the year	484
On disposals	-
At 31 May 2015	12,380
Net book values
At 31 May 2015	331,394
At 31 May 2014	330,920

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100