Perfectlink Estates Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06707420 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

PERFECTLINK ESTATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A Goldman

SECRETARY:

Mr A Goldman

REGISTERED OFFICE:

98 Darenth Road

Stamford Hill

London

N16 6ED

REGISTERED NUMBER:

06707420 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street

Hoxton

London

N1 6ND

FIXED ASSETS

Tangible assets

2

-

14,766

Investment property

3

889,506

904,272

CURRENT ASSETS

Debtors

4

-

2,730

Cash at bank

38,625

44,242

38,625

46,972

CREDITORS

Amounts falling due within one year

309,658

297,641

NET CURRENT LIABILITIES

(271,033

)

(250,669

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

618,473

653,603

CREDITORS

Amounts falling due after more than one year

5

653,621

676,883

NET LIABILITIES

(35,148

)

(23,280

)

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

(35,248

)

(23,380

)

SHAREHOLDERS' FUNDS

(35,148

)

(23,280

)

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 14 January 2016 and were signed by:

Mr A Goldman - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the close of business on 31 March 2013 the company's liabilities exceeded its assets. The director has

confirmed that he will continue to provide financial support to the company and consider it appropriate for the

financial statements to be prepared on the going concern basis.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

Secured loans

The assets of the company are secured by a fixed and floating charge held by Lloyds TSB Bank Plc.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

59,066

DEPRECIATION

At 1 April 2014

44,300

Charge for year

14,766

At 31 March 2015

59,066

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

14,766

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

889,506

NET BOOK VALUE

At 31 March 2015

889,506

At 31 March 2014

889,506

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2014 - £ 2,730 )

5.

CREDITORS

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

2015

2014

£

Repayable by instalments

653,621

676,883

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

7.	RELATED PARTY DISCLOSURES

Mr H Yoskovitz

A company shareholder.

During the year the company paid total loan interest of £32,296.18 to Mr Yoskovitz.

2015

2014

£

Amount due to related party at the balance sheet date

284,610

273,314

Perfectlink Estates Ltd - Limited company - abbreviated - 11.9

Perfectlink Estates Ltd - Limited company - abbreviated - 11.9