Plasmerton Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02738800 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Plasmerton Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A R Harding

P A Birchley

SECRETARY:

A R Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

02738800 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

2,947

404,543

Investment property

3

2,735,000

-

2,737,947

404,543

CURRENT ASSETS

Debtors

262,585

260,984

Cash at bank

31,766

47,858

294,351

308,842

CREDITORS

Amounts falling due within one year

295,148

360,134

NET CURRENT LIABILITIES

(797

)

(51,292

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,737,150

353,251

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Revaluation reserve

2,334,445

-

Profit and loss account

401,705

352,251

SHAREHOLDERS' FUNDS

2,737,150

353,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 12 January 2016 and were signed on its behalf by:

A R Harding - Director

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).

Turnover

Turnover represents invoiced rents receivable, net of VAT where applicable.

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

The requirement of the Companies Act 2006 is to depreciate all properties. No depreciation has been provided

in respect of investment properties however as this requirement conflicts with the generally accepted accounting

principle set out in SSAP 19(revised).

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

421,090

Reclassification/transfer

(400,555

)

At 30 April 2015

20,535

DEPRECIATION

At 1 May 2014

16,547

Charge for year

1,041

At 30 April 2015

17,588

NET BOOK VALUE

At 30 April 2015

2,947

At 30 April 2014

404,543

The investment properties were acquired at cost on various dates. The directors consider these values to be

appropriate at the balance sheet date.

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Revaluations

2,334,445

Reclassification/transfer

400,555

At 30 April 2015

2,735,000

NET BOOK VALUE

At 30 April 2015

2,735,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

5.	RELATED PARTY DISCLOSURES

Liabilities payable to related parties at the balance sheet date amounted to:

Deben Properties Limited £115,014 (2014: Debtor £125,108)

This company is related by the common control and ownership of A R Harding and P A Birchley. The

outstanding balance has accumulated as a result of recharged expenses incurred throughout this period and prior

years.

Dividends were provided to the Directors of the company of £60,000 (2014: £46,000).

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party during this year or the previous year.