P2L Properties Limited - Abbreviated accounts

P2L Properties Limited - Abbreviated accounts


Registered number
05757405
P2L Properties Limited
Abbreviated Accounts
31 March 2015
P2L Properties Limited
Registered number: 05757405
Abbreviated Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 573,600 573,600
Creditors: amounts falling due within one year (50,946) (50,432)
Net current liabilities (50,946) (50,432)
Total assets less current liabilities 522,654 523,168
Creditors: amounts falling due after more than one year (542,400) (542,400)
Net liabilities (19,746) (19,232)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (19,748) (19,234)
Shareholders' funds (19,746) (19,232)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
G Robinson
Director
Approved by the board on 22 December 2015
P2L Properties 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 April 2008).
Turnover
Turnover represents the value of rents received from 3rd party tenants.
Foreign currencies
Investment properties are shown in the accounts at original cost, which is a departure from SSAP 19. No depreciation is charged which in the directors' opinion gives a true and fair view.
2 Tangible fixed assets £
Cost
At 1 April 2014 573,600
At 31 March 2015 573,600
Depreciation
At 31 March 2015 -
Net book value
At 31 March 2015 573,600
At 31 March 2014 573,600
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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