PENCROSS ASSETS LIMITED - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 09029720 (England and Wales)

Abbreviated Accounts for the Period 8 May 2014 to 31 March 2015

for

PENCROSS ASSETS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTORS:

F N Kaimakamis

F D Kaimakamis

SECRETARY:

REGISTERED OFFICE:

4 South EalingRoad

London

W5 4QA

REGISTERED NUMBER:

09029720 (England and Wales)

ACCOUNTANTS:

C. Charles & Co

Chartered Certified Accountants

105 Seven Sisters Road

London

N7 7QP

FIXED ASSETS

Tangible assets

2

6,786,182

CURRENT ASSETS

Debtors

3

99,120

Prepayments and accrued income

2,532

Cash at bank and in hand

162,016

263,668

CREDITORS

Amounts falling due within one year

91,110

NET CURRENT ASSETS

172,558

TOTAL ASSETS LESS CURRENT LIABILITIES

6,958,740

CREDITORS

Amounts falling due after more than one year

4

7,334,825

NET LIABILITIES

(376,085

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(376,185

)

SHAREHOLDERS' FUNDS

(376,085

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 23 December 2015 and were signed on its behalf by:

F N Kaimakamis - Director

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).

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

6,786,182

At 31 March 2015

6,786,182

NET BOOK VALUE

At 31 March 2015

6,786,182

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 90,637

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

£

Repayable by instalments

2,850,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended

31 March 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

C. Charles & Co

Chartered Certified Accountants

105 Seven Sisters Road

London

N7 7QP

23 December 2015