Prestige Properties (N/W) Limited - Limited company - abbreviated - 11.9
Prestige Properties (N/W) Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
| FOR |
| PRESTIGE PROPERTIES (N/W) LIMITED |
| PRESTIGE PROPERTIES (N/W) LIMITED (REGISTERED NUMBER: 05820678) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MAY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| PRESTIGE PROPERTIES (N/W) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 MAY 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| PRESTIGE PROPERTIES (N/W) LIMITED (REGISTERED NUMBER: 05820678) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| PRESTIGE PROPERTIES (N/W) LIMITED (REGISTERED NUMBER: 05820678) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MAY 2015 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| PRESTIGE PROPERTIES (N/W) LIMITED (REGISTERED NUMBER: 05820678) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MAY 2015 |
| 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). |
| Turnover |
| Turnover represents rental income receivable for the year, exclusive of discounts and value |
| added tax. |
| 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. Deferred tax balances are not discounted. Deferred tax |
| assets are not recognised. |
| Going concern |
| At 31 May 2015 the company has net liabilities of £45,724 (2014 - £45,199) and net current |
| liabilities of £111,392 (2014 - £96,715). A new tenant has been found following the year end |
| on a 3 year lease. The directors have confirmed their intention to provide additional financial |
| support to enable the company to continue to meet its liabilities as they fall due until such a |
| time as the investment property held might be sold and the liabilities discharged. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| and 31 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| and 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| given. |
| PRESTIGE PROPERTIES (N/W) LIMITED (REGISTERED NUMBER: 05820678) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 MAY 2015 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 113,904 | 130,506 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1.00 |