Protege Corporation Limited - Abbreviated accounts

Registered number

05256306

Protege Corporation Limited

Abbreviated Accounts

31 March 2015

Protege Corporation Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Protege Corporation Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Protege Corporation Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Manaktala & Co
Chartered Accountants
17 Leeland Mansions
Leeland Road
West Ealing
London
W13 9HE

15 December 2015

Protege Corporation Limited
Registered number:		05256306
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		244,510			249,500

Current assets
Debtors		2,072			-
Cash at bank and in hand		51,193			46,896
		53,265			46,896

Creditors: amounts falling due within one year		(214,960)			(234,178)

Net current liabilities			(161,695)			(187,282)

Net assets			82,815			62,218

Capital and reserves
Called up share capital	3		1,000			100
Profit and loss account			81,815			62,118

Shareholder's funds			82,815			62,218




The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr S S Ahluwalia
Director
Approved by the board on 15 December 2015

Protege Corporation Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents invoiced value in respect of rent received.
	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Premises costs			Over 50 years straight line

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

	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					£

	Cost
	At 1 April 2014					249,500
	At 31 March 2015					249,500

	Depreciation
	Charge for the year					4,990
	At 31 March 2015					4,990

	Net book value
	At 31 March 2015					244,510
	At 31 March 2014					249,500


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		900		900