Prashar Properties Limited - Limited company - abbreviated - 11.9

Prashar Properties Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 08277347 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

PRASHAR PROPERTIES LIMITED

PRASHAR PROPERTIES LIMITED (REGISTERED NUMBER: 08277347)






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

PRASHAR PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2015







DIRECTORS: L K Prashar
Mrs N L Prashar





REGISTERED OFFICE: 50 Ninveh road
Handsworth
Birmingham
West Midlands
B21 0TE





REGISTERED NUMBER: 08277347 (England and Wales)





ACCOUNTANTS: Thapers Limited
Chartered Accountants
Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT

PRASHAR PROPERTIES LIMITED (REGISTERED NUMBER: 08277347)

ABBREVIATED BALANCE SHEET
31 MAY 2015

31/5/15 31/5/14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 634,836 485,584

CURRENT ASSETS
Debtors 1,789 -
Cash at bank 6,357 8,050
8,146 8,050
CREDITORS
Amounts falling due within one year 394,532 236,949
NET CURRENT LIABILITIES (386,386 ) (228,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,450

256,685

CREDITORS
Amounts falling due after more than one
year

232,452

250,501
NET ASSETS 15,998 6,184

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account 14,998 5,184
SHAREHOLDERS' FUNDS 15,998 6,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PRASHAR PROPERTIES LIMITED (REGISTERED NUMBER: 08277347)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2015


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 26 February 2016 and were signed on its behalf
by:





L K Prashar - Director


PRASHAR PROPERTIES LIMITED (REGISTERED NUMBER: 08277347)

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 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.

Freehold property - not provided

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014 485,584
Additions 149,252
At 31 May 2015 634,836
NET BOOK VALUE
At 31 May 2015 634,836
At 31 May 2014 485,584

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/15 31/5/14
value: £    £   
1,000 Ordinary £1 1,000 1,000