Pillar Properties (Cheltenham) Limited - Limited company - abbreviated

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REGISTERED NUMBER: 06586641 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Pillar Properties (Cheltenham) Limited

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Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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DIRECTOR:

K A Frewin

SECRETARY:

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

06586641 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

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FIXED ASSETS

Investments

2

1

Investment property

3

710,000

920,000

710,001

920,001

CURRENT ASSETS

Debtors

360

1,570

Cash at bank

22,218

43,197

22,578

44,767

CREDITORS

Amounts falling due within one year

4,211

3,519

NET CURRENT ASSETS

18,367

41,248

TOTAL ASSETS LESS CURRENT
LIABILITIES

728,368

961,249

CREDITORS

Amounts falling due after more than one
year

465,230

697,441

NET ASSETS

263,138

263,808

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

206,847

233,650

Profit and loss account

56,191

30,058

SHAREHOLDERS' FUNDS

263,138

263,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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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 director on 23 September 2015 and were signed by:

K A Frewin - Director

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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).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Depreciation is not provided on investment properties. This treatment may be a departure from the requirements

of the Companies Act concerning depreciation of fixed assets. However, these properties are not held for

consumption, but for investment and the directors consider that systematic annual depreciation would not be

appropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view

and to comply with Statement of Standard Accounting Practice No.19.

Deferred tax

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

balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

1

NET BOOK VALUE

At 31 March 2015

1

At 31 March 2014

1

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

920,000

Disposals

(183,197

)

Revaluations

(26,803

)

At 31 March 2015

710,000

NET BOOK VALUE

At 31 March 2015

710,000

At 31 March 2014

920,000

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4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

K A Frewin

Balance outstanding at start of year

1,570

30,868

Amounts advanced

1,987

1,702

Amounts repaid

(4,260

)

(31,000

)

Balance outstanding at end of year

(703

)

1,570

Pillar Properties (Cheltenham) Limited - Limited company - abbreviated - 11.9

Pillar Properties (Cheltenham) Limited - Limited company - abbreviated - 11.9