PLM Property Developments Limited - Abbreviated accounts

Registered number

04406294

PLM Property Developments Limited

Abbreviated Accounts

30 April 2015

PLM Property Developments Limited
Registered number:		04406294
Abbreviated Balance Sheet
as at 30 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		253,042			19

Current assets
Debtors		45,500			45,500
Cash at bank and in hand		46,340			623
		91,840			46,123

Creditors: amounts falling due within one year		(304,060)			(4,060)

#NAME?			(212,220)			42,063

#NAME?			40,822			42,082

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			40,820			42,080

Shareholders' funds			40,822			42,082

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.



Mr P S Magee
Director
Approved by the board on 19 January 2016

PLM Property Developments Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 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 the invoiced value of goods and services supplied by the company.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets, less their residual value, over their estimated useful lives. The principal rate in use in the period was 25% (reducing balance). No depreciation is provided on freehold land and buildings as it is the practice of the company to maintain its property in continual state of sound repair. Accordingly the life of the property is so long and the residual value so high that depreciation is insignificant.


2	Tangible fixed assets			Land and buildings		Plant and equipment	Total
£					£		£
	Cost
	At 1 May 2014			-		618		618
	Additions			253,028		-		253,028
	At 30 April 2015			253,028		618		253,646

	Depreciation
	At 1 May 2014			-		599		599
	Charge for the year			-		5		5
	At 30 April 2015			-		604		604

	Net book value
	At 30 April 2015			253,028		14		253,042
	At 30 April 2014			-		19		19



3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2