Peel Place Limited - Limited company - abbreviated - 11.9
Peel Place Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
| for |
| Peel Place Limited |
| Peel Place Limited (Registered number: 04504718) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2015 |
| Page |
| Company Information | 1 |
| Chartered Certified Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| Peel Place Limited |
| Company Information |
| for the Year Ended 31 July 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Peel Place Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Peel Place Limited for the year ended 31 July 2015 which comprise the Profit and Loss Account, |
| the Balance Sheet, and the related notes from the company's accounting records and from information and explanations |
| you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the director of Peel Place Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peel Place Limited and state those matters that we have agreed to state to the director of Peel Place Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Peel Place Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peel Place Limited. You consider that Peel Place Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Peel Place Limited. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
| you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 21 March 2016 |
| Peel Place Limited (Registered number: 04504718) |
| Abbreviated Balance Sheet |
| 31 July 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Peel Place Limited (Registered number: 04504718) |
| Abbreviated Balance Sheet - continued |
| 31 July 2015 |
| The financial statements were approved by the director on |
| Peel Place Limited (Registered number: 04504718) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 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, rental income and recharged expenses, net of value added |
| tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2014 |
| and 31 July 2015 |
| DEPRECIATION |
| At 1 August 2014 |
| and 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| At 31 July 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 August 2014 |
| Additions |
| At 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| At 31 July 2014 |
| Peel Place Limited (Registered number: 04504718) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | RELATED PARTY DISCLOSURES |
| GJIS Ltd |
| Mr H Warren is a director and shareholder |
| Peel Place Ltd paid GJIS Ltd £6,000 (2014 - £6,000) for administration costs. GJIS Ltd paid Peel Place Ltd |
| £20,513 (2014 - £10,784) for service charges, £10,000 (2014 - nil) for management costs and £3,870 (2014 - |
| £3,900) for cleaning etc. |
| 2015 | 2014 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| GJIS Ltd self administered pension fund |
| Mr H Warren is a trustee |
| The pension fund owns some of the properties managed by Peel Place Ltd. The pension fund pays Peel Place |
| Ltd the overhead charges for any empty units. During the year the pension fund transferred investment property |
| to the company valued at £420,000. |
| 2015 | 2014 |
| £ | £ |
| Amount due (to)/from related party at the balance sheet date | ( |
) |
| During the year Mr Warren transferred investment property to the company valued at £175,000 which was |
| satisfied by way of an interest free loan in favour of Mr Warren, repayable on demand. An interest free loan of |
| £315,126 was made by Mr Warren during the year and £21,600 was repaid to him by the company before the |
| end of the year.At the year end the company owed Mr Warren £556,004 (2014 - £87,477) repayable on demand. |
| During the year Mr Warren paid the company £2,312 (2014 - £3,771) for service charges. |