Primelocal Property Management Limited - Abbreviated accounts 16.1

Primelocal Property Management Limited - Abbreviated accounts 16.1

PRIMELOCAL PROPERTY MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 02553506 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Primelocal Property Management Limited

Primelocal Property Management Limited (Registered number: 02553506)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Primelocal Property Management Limited

Company Information
for the Year Ended 31 October 2015







DIRECTORS: T Fensham
P R Hutton
K Mallaband
I K Park
E M B Woosnam





SECRETARY: Ms Bath Secretaries Limited





REGISTERED OFFICE: 30 Gay Street
Bath
BA1 2PA





REGISTERED NUMBER: 02553506 (England and Wales)





ACCOUNTANTS: Moore Stephens
Chartered Accountants
30 Gay Street
Bath
BA1 2PA
Page 1
Primelocal Property Management Limited (Registered number: 02553506)

Abbreviated Balance Sheet
31 October 2015

31.10.15 31.10.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,871 3,871

CURRENT ASSETS
Debtors 420 372
Cash at bank 791 1,678
1,211 2,050
CREDITORS
Amounts falling due within one year 615 499
NET CURRENT ASSETS 596 1,551
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,467
5,422

RESERVES
Share premium 5 5
Profit and loss account 4,462 5,417
SHAREHOLDERS' FUNDS 4,467 5,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 2 continued...
Primelocal Property Management Limited (Registered number: 02553506)

Abbreviated Balance Sheet - continued
31 October 2015


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 15 January 2016 and were signed on
its behalf by:





K Mallaband - Director


The notes form part of these abbreviated accounts

Page 3
Primelocal Property Management Limited (Registered number: 02553506)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
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).

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.


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

Financial instruments
Financial liabilities and equity instruments are classified according to substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the asset of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to
a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to
financial liabilities are included in the profit and loss account. Finance costs are calculated so as to
produce a constant rate of return to the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions relating to
equity instruments are debited direct to equity.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 3,871
NET BOOK VALUE
At 31 October 2015 3,871
At 31 October 2014 3,871

3. CALLED UP SHARE CAPITAL

Page 4