Abbreviated Company Accounts - PREMIA HOMES LIMITED

PREMIA HOMES LIMITED - Company Information

05002055 PREMIA HOMES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05002055 2013-01-01 2013-12-31 05002055 2013-12-31 05002055 2012-12-31 05002055 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05002055 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05002055

PREMIA HOMES LIMITED

Abbreviated Accounts

31 December 2013

PREMIA HOMES LIMITED Registered Number 05002055

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	506,729	497,520
		506,729	497,520
Current assets
Debtors		8,325	7,666
Cash at bank and in hand		11,050	17,450
		19,375	25,116
Creditors: amounts falling due within one year		(15,857)	(24,392)
Net current assets (liabilities)		3,518	724
Total assets less current liabilities		510,247	498,244
Creditors: amounts falling due after more than one year		(517,381)	(513,574)
Total net assets (liabilities)		(7,134)	(15,330)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(7,136)	(15,332)
Shareholders' funds		(7,134)	(15,330)

For the year ending 31 December 2013 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.

Approved by the Board on 29 September 2014

And signed on their behalf by:
Y Morjaria, Director

PREMIA HOMES LIMITED Registered Number 05002055

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced amounts of rentals and services provided.

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% Reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is
provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 January 2013	500,209
Additions	10,065
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	510,274
Depreciation
At 1 January 2013	2,689
Charge for the year	856
On disposals	-
At 31 December 2013	3,545
Net book values
At 31 December 2013	506,729
At 31 December 2012	497,520

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2