Prime Property Law Consultancy Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08985064 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th April 2016

for

PRIME PROPERTY LAW CONSULTANCY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

Ms B Y Uddin

REGISTERED OFFICE:

C/o Simpson Wreford & Partners

Suffolk House

George Street

Croydon

CR0 0YN

REGISTERED NUMBER:

08985064 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

FIXED ASSETS

Intangible assets

2

23,334

46,667

Tangible assets

3

390

585

23,724

47,252

CURRENT ASSETS

Stocks

-

29,300

Debtors

7,978

15,266

Cash at bank

494

17,031

8,472

61,597

CREDITORS

Amounts falling due within one year

28,421

58,350

NET CURRENT (LIABILITIES)/ASSETS

(19,949

)

3,247

TOTAL ASSETS LESS CURRENT LIABILITIES

3,775

50,499

CREDITORS

Amounts falling due after more than one
year

50,000

NET (LIABILITIES)/ASSETS

(46,225

)

499

CAPITAL AND RESERVES

Called up share capital

4

51

Profit and loss account

(46,276

)

448

SHAREHOLDERS' FUNDS

(46,225

)

499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 3rd May 2016 and were signed by:

Ms B Y Uddin - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the company receives continued

financial support from its director who has confirmed that she will not draw upon monies owed to them until

sufficient funds exist.

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Office equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

70,000

AMORTISATION

At 1st May 2015

23,333

Amortisation for year

23,333

At 30th April 2016

46,666

NET BOOK VALUE

At 30th April 2016

23,334

At 30th April 2015

46,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

780

DEPRECIATION

At 1st May 2015

195

Charge for year

195

At 30th April 2016

390

NET BOOK VALUE

At 30th April 2016

390

At 30th April 2015

585

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

51

Ordinary

£1

51

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 two to five) 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 Prime Property Law Consultancy Ltd for the year ended 30th April 2016 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Prime Property Law Consultancy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prime Property Law Consultancy Ltd and state those matters that we have agreed to state to the director of Prime Property Law Consultancy Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 Prime Property Law Consultancy Ltd 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 loss of Prime Property Law Consultancy Ltd. You consider that Prime Property Law Consultancy Ltd 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 Prime Property Law Consultancy Ltd. 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.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

3rd May 2016