Abbreviated Company Accounts - PROPERTY FRONTIERS LTD

PROPERTY FRONTIERS LTD - Company Information

05114338 PROPERTY FRONTIERS LTD 2015-03-31 false 2014-01-01 2015-03-31 true 05114338 2014-01-01 2015-03-31 05114338 2015-03-31 05114338 2013-12-31 05114338 uk-gaap-cd-bus:Director1 2014-01-01 2015-03-31 05114338 uk-gaap-cd-bus:Director2 2014-01-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05114338

PROPERTY FRONTIERS LTD

Abbreviated Accounts

31 March 2015

PROPERTY FRONTIERS LTD Registered Number 05114338

Abbreviated Balance Sheet as at 31 March 2015

	Notes	31/03/2015	31/12/2013
		£	£
Fixed assets
Intangible assets	2	10,105	12,400
Tangible assets	3	19,057	29,382
Investments	4	33	-
		29,195	41,782
Current assets
Debtors		207,310	161,644
Cash at bank and in hand		164,338	39,592
		371,648	201,236
Creditors: amounts falling due within one year		(567,781)	(535,196)
Net current assets (liabilities)		(196,133)	(333,960)
Total assets less current liabilities		(166,938)	(292,178)
Provisions for liabilities		(2,345)	(2,612)
Total net assets (liabilities)		(169,283)	(294,790)
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(169,383)	(294,890)
Shareholders' funds		(169,283)	(294,790)

For the year ending 31 March 2015 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 16 May 2016

And signed on their behalf by:
R Withers, Director

PROPERTY FRONTIERS LTD Registered Number 05114338

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 value, net of value added tax, of goods and services supplied to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures & fittings 25% reducing balance
Office equipment 25% reducing balance
Computer equipment 50% reducing balance

2Intangible fixed assets

	£
Cost
At 1 January 2014	31,000
Additions	20,537
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	51,537
Amortisation
At 1 January 2014	18,600
Charge for the year	22,832
On disposals	-
At 31 March 2015	41,432
Net book values
At 31 March 2015	10,105
At 31 December 2013	12,400

3Tangible fixed assets

	£
Cost
At 1 January 2014	130,871
Additions	4,366
Disposals	(6,678)
Revaluations	-
Transfers	-
At 31 March 2015	128,559
Depreciation
At 1 January 2014	101,489
Charge for the year	13,645
On disposals	(5,632)
At 31 March 2015	109,502
Net book values
At 31 March 2015	19,057
At 31 December 2013	29,382

4Fixed assets Investments
Additions - £33.00
At 31 March 2015 - £33.00

The company holds 20% or more of the share capital of the following companies:

Frontiers Capital Management Limited - Ordinary Shares held - 33% - Capital and reserves £18,864.00 - Profit for the year £291,764.00.

5Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2015 £	31/12/2013 £
100 Ordinary shares of £1 each	100	100