Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

POWERPLAY PROPERTY LIMITED - Company Information

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POWERPLAY PROPERTY LIMITED

Company Registration Number:
SC176687 (Scotland)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

POWERPLAY PROPERTY LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 3,144,032 2,407,468
Total fixed assets: 3,144,032 2,407,468
Current assets
Debtors: 2,265 3,032
Cash at bank and in hand: 48,283
Total current assets: 50,548 3,032
Creditors: amounts falling due within one year: ( 15,891 ) ( 2,446,183 )
Net current assets (liabilities): 34,657 ( 2,443,151 )
Total assets less current liabilities: 3,178,689 ( 35,683 )
Creditors: amounts falling due after more than one year: ( 3,423,098 )
Total net assets (liabilities): ( 244,409 ) ( 35,683 )

The notes form part of these financial statements

POWERPLAY PROPERTY LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 2 2
Revaluation reserve: 115,256
Profit and loss account: ( 244,411 ) ( 150,941 )
Shareholders funds: ( 244,409 ) ( 35,683 )

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 11 April 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Diane Moncur
Status: Director

The notes form part of these financial statements

POWERPLAY PROPERTY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared under the historical cost convention. The company has taken advantage of the exemption in FRS1 from the requirement to produce a cash flow statement because it is a small company.

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

    Tangible fixed assets depreciation policy

    Fixed assets are depreciated over the useful life of the assets.

POWERPLAY PROPERTY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 2,417,209
    Additions: 1,147,000
    Disposals: ( 295,180 )
    Revaluations: ( 115,256 )
    Transfers: 0
    31 March 2016: 3,153,773
    Depreciation
    01 April 2015: 9,741
    Charge for year: 0
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 9,741
    Net book value
    31 March 2016: 3,144,032
    31 March 2015: 2,407,468

POWERPLAY PROPERTY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2