Abbreviated Company Accounts - PI PROPERTIES (UK) LIMITED

PI PROPERTIES (UK) LIMITED - Company Information

06106363 PI PROPERTIES (UK) LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 06106363 2014-03-01 2015-02-28 06106363 2015-02-28 06106363 2014-02-28 06106363 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 06106363 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 06106363

PI PROPERTIES (UK) LIMITED

Abbreviated Accounts

28 February 2015

PI PROPERTIES (UK) LIMITED Registered Number 06106363

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,052	1,315
Investments	3	375,000	309,019
		376,052	310,334
Current assets
Cash at bank and in hand		2,072	2,218
		2,072	2,218
Creditors: amounts falling due within one year	4	(288,742)	(263,898)
Net current assets (liabilities)		(286,670)	(261,680)
Total assets less current liabilities		89,382	48,654
Creditors: amounts falling due after more than one year	4	(6,053)	(39,486)
Accruals and deferred income		(1,804)	(600)
Total net assets (liabilities)		81,525	8,568
Capital and reserves
Called up share capital	5	1,000	1,000
Revaluation reserve		65,981	-
Profit and loss account		14,544	7,568
Shareholders' funds		81,525	8,568

For the year ending 28 February 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 20 November 2015

And signed on their behalf by:
I Houghton, Director

PI PROPERTIES (UK) LIMITED Registered Number 06106363

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Turnover policy
Turnover represents the total invoice value of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance
Fixtures, fittings and equipment - 20% reducing balance

Other accounting policies
Investments
Investment property is revalued on annual basis and the value is based on current fair values. Any gains or losses are accounted for in the revaluation reserve.

2Tangible fixed assets

	£
Cost
At 1 March 2014	3,506
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	3,506
Depreciation
At 1 March 2014	2,191
Charge for the year	263
On disposals	-
At 28 February 2015	2,454
Net book values
At 28 February 2015	1,052
At 28 February 2014	1,315

3Fixed assets Investments
The asset have been valued at the fair market price as at 28 February 2015.

4Creditors

	2015 £	2014 £
Secured Debts	6,053	39,486

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000