Plan B Ventures Limited - Limited company - abbreviated - 11.9

Plan B Ventures Limited - Limited company - abbreviated - 11.9

PLAN B VENTURES LTD - Company Information

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REGISTERED NUMBER: 08196172 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2015

FOR

PLAN B VENTURES LIMITED

PLAN B VENTURES LIMITED (REGISTERED NUMBER: 08196172)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PLAN B VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: P Cottingham
Ms P J Wellings NNEB BA(Hons) EYT





SECRETARY: Ms P J Wellings NNEB BA(Hons) EYT





REGISTERED OFFICE: Millennium House
High Street
Studley
Warwickshire
B80 7HJ





REGISTERED NUMBER: 08196172 (England and Wales)





ACCOUNTANTS: Williams, Ashton & Anderson Limited
359 Yardley Road
Yardley
Birmingham
West Midlands
B25 8NB
1
PLAN B VENTURES LIMITED (REGISTERED NUMBER: 08196172)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 10,504 -
Investment property 3 152,689 152,689
163,193 152,689

CURRENT ASSETS
Cash at bank 2,852 1,902

CREDITORS
Amounts falling due within one year 6,295 8,219
NET CURRENT LIABILITIES (3,443 ) (6,317 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
159,750
146,372

CREDITORS
Amounts falling due after more than one
year
40,653
38,351
NET ASSETS 119,097 108,021

CAPITAL AND RESERVES
Called up share capital 4 101,010 101,010
Preference dividend reserve 14,000 -
Profit and loss account 4,087 7,011
SHAREHOLDERS' FUNDS 119,097 108,021

The notes form part of these abbreviated accounts

2 continued...
PLAN B VENTURES LIMITED (REGISTERED NUMBER: 08196172)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 18 March 2016 and were signed on its
behalf by:





Ms P J Wellings NNEB BA(Hons) EYT - Director


The notes form part of these abbreviated accounts

3
PLAN B VENTURES LIMITED (REGISTERED NUMBER: 08196172)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10% on cost

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 11,671
At 31 December 2015 11,671
DEPRECIATION
Charge for year 1,167
At 31 December 2015 1,167
NET BOOK VALUE
At 31 December 2015 10,504

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2015
and 31 December 2015 152,689
NET BOOK VALUE
At 31 December 2015 152,689
At 31 December 2014 152,689

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
1,010 Ordinary £1 1,010 1,010
100,000 Cumulative 7% preference £1 100,000 100,000
101,010 101,010

4 continued...
PLAN B VENTURES LIMITED (REGISTERED NUMBER: 08196172)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


4. CALLED UP SHARE CAPITAL - continued

The holders of the cumulative preference shares of £1 each shall be entitled to a first dividend of 7%
per annum upon the issued paid up value to the holders thereof by payment half-yearly providing there
are sufficient balances on the Revenue Reserve Account and in the event of non payment for any year
such arrears shall be payable on a cumulative basis in preference to any dividend upon the ordinary
shares.

In the event of a winding up of the company the cumulative preference shares shall be entitled to
redemption in preference and priority to the ordinary shares and shall not participate in any payment
greater than the paid up issued value at par.

5