C J Pilgrim Properties Limited - Limited company - abbreviated - 11.9

C J Pilgrim Properties Limited - Limited company - abbreviated - 11.9

C.J. PILGRIM PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 00643429 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

C J PILGRIM PROPERTIES LIMITED

C J PILGRIM PROPERTIES LIMITED (REGISTERED NUMBER: 00643429)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

C J PILGRIM PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2015







DIRECTORS: R I Dudding
Mrs J C Ancell





SECRETARY: Mrs J C Ancell





REGISTERED OFFICE: Lonsto House
276 Chase Road
London
N14 6HA





REGISTERED NUMBER: 00643429 (England and Wales)





ACCOUNTANTS: Newmans
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS
Page 1
C J PILGRIM PROPERTIES LIMITED (REGISTERED NUMBER: 00643429)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 21,012,892 21,255,740

CURRENT ASSETS
Debtors 7,458,768 5,603,941
Cash at bank 172,746 224,626
7,631,514 5,828,567
CREDITORS
Amounts falling due within one year 5,298,031 5,318,490
NET CURRENT ASSETS 2,333,483 510,077
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,346,375
21,765,817

CAPITAL AND RESERVES
Called up share capital 3 60,200 60,200
Share premium 15,300 15,300
Revaluation reserve 16,815,956 16,815,956
Profit and loss account 6,454,919 4,874,361
SHAREHOLDERS' FUNDS 23,346,375 21,765,817

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 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 20 October 2015 and were signed on its behalf by:





R I Dudding - Director


The notes form part of these abbreviated accounts

Page 2
C J PILGRIM PROPERTIES LIMITED (REGISTERED NUMBER: 00643429)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 MARCH 2015

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).

Turnover
Turnover represents rent receivable from external customers at invoiced amounts less value added tax. Rental
income is recognised in the period to which it relates.

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


Deferred tax
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date what will result in an obligation to pay
more, or a right to pay less or to receive more tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the period in
which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Going concern
The directors constantly review the cash flow projections for the company and have considered the financial
resources of the company, having regard to the renewal date of the loan facilities and additional resources
available to related undertakings to support the related party indebtedness.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all its liabilities.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 21,272,980
Additions 429,027
Disposals (671,875 )
At 31 March 2015 21,030,132
DEPRECIATION
At 1 April 2014
and 31 March 2015 17,240
NET BOOK VALUE
At 31 March 2015 21,012,892
At 31 March 2014 21,255,740

Page 3 continued...
C J PILGRIM PROPERTIES LIMITED (REGISTERED NUMBER: 00643429)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 MARCH 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
60,200 Ordinary £1 60,200 60,200

4. PARENT UNDERTAKING

The immediate and ultimate parent undertaking is C J Pilgrim (Holdings) Limited.

5. GUARANTEES

The company has entered into an unlimited cross guarantee in respect of a long term loan secured over the assets
of the company and those of Dudrich (Developments) Limited, C.J. Pilgrim Properties Limited and C J Pilgrim
(Holdings) Limited. In addition Mr R I Dudding, a director of the company, has offered a personal guarantee
£10,000,000 against this facility.

The indebtedness of the above companies and Mr R I Dudding in respect of this loan at 31 March 2015 was
£22,307,611 (2014: £23,033,139).

The company's overdraft facility is secured by a first legal charge over certain commercial freehold property and
Mr R I Dudding has also provided a personal guarantee to the sum of £2,820,000.

Page 4