Place2rent Ltd - Limited company - abbreviated - 11.9

Place2rent Ltd - Limited company - abbreviated - 11.9

PLACE2RENT LTD - Company Information

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REGISTERED NUMBER: 06853530 (England and Wales)








ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

PLACE2RENT LTD

PLACE2RENT LTD (REGISTERED NUMBER: 06853530)






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

PLACE2RENT LTD

COMPANY INFORMATION
for the year ended 31 MARCH 2015







DIRECTOR: C C E Jackson





SECRETARY: Mrs L Jackson





REGISTERED OFFICE: 27 Osborne Street
Grimsby
DN31 1NU





REGISTERED NUMBER: 06853530 (England and Wales)





ACCOUNTANTS: Wilson Sharpe & Co
Chartered Accountants
27 Osborne Street
Grimsby
N E Lincs
DN31 1NU
Page 1
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,000 567,887
Investments 3 1 1
5,001 567,888

CURRENT ASSETS
Debtors 2,403,870 744,927
Cash at bank 654 1,235
2,404,524 746,162
CREDITORS
Amounts falling due within one year 1,261,143 1,146,094
NET CURRENT ASSETS/(LIABILITIES) 1,143,381 (399,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,148,382
167,956

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 1,148,381 167,955
SHAREHOLDERS' FUNDS 1,148,382 167,956

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 director acknowledges his 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 director on 30 December 2015 and were signed by:





C C E Jackson - Director


The notes form part of these abbreviated accounts

Page 2
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

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 as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Place2rent Ltd as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the
option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets
No depreciation is provided on freehold land and buildings held as investment properties. These are
stated in the balance sheet at their estimated open market values in order for the accounts to show a
true and fair view. Any movements in valuation are taken to the revaluation reserve.

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

Turnover
Turnover represents rents receivable on investment properties.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 April 2014 567,887
Additions 253,730
Disposals (1,800,000 )
Revaluations 983,383
At 31 March 2015 5,000
NET BOOK VALUE
At 31 March 2015 5,000
At 31 March 2014 567,887

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2014
and 31 March 2015 1
NET BOOK VALUE
At 31 March 2015 1
At 31 March 2014 1

Page 3
PLACE2RENT LTD (REGISTERED NUMBER: 06853530)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 MARCH 2015

3. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the
following:

Place2lease Ltd
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2015 2014
£    £   
Aggregate capital and reserves 85,263 40,282
Profit for the year 44,981 30,004

4. CALLED UP SHARE CAPITAL

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

Page 4