Abbreviated Company Accounts - PROPPERTUNITY LIMITED

PROPPERTUNITY LIMITED - Company Information

06442875 PROPPERTUNITY LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 06442875 2014-01-01 2014-12-31 06442875 2014-12-31 06442875 2013-12-31 06442875 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06442875 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06442875

PROPPERTUNITY LIMITED

Abbreviated Accounts

31 December 2014

PROPPERTUNITY LIMITED Registered Number 06442875

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,109,975	3,600,186
		4,109,975	3,600,186
Current assets
Debtors		6,821	2,821
Cash at bank and in hand		1,166	111,613
		7,987	114,434
Creditors: amounts falling due within one year	3	(331,118)	(251,567)
Net current assets (liabilities)		(323,131)	(137,133)
Total assets less current liabilities		3,786,844	3,463,053
Creditors: amounts falling due after more than one year	3	(3,952,054)	(3,623,857)
Total net assets (liabilities)		(165,210)	(160,804)
Capital and reserves
Called up share capital	4	30	30
Profit and loss account		(165,240)	(160,834)
Shareholders' funds		(165,210)	(160,804)

For the year ending 31 December 2014 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 21 June 2016

And signed on their behalf by:
M Glassman, Director

PROPPERTUNITY LIMITED Registered Number 06442875

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 total invoice value of rent receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% straight-line

2Tangible fixed assets

	£
Cost
At 1 January 2014	3,929,570
Additions	600,388
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	4,529,958
Depreciation
At 1 January 2014	329,384
Charge for the year	90,599
On disposals	-
At 31 December 2014	419,983
Net book values
At 31 December 2014	4,109,975
At 31 December 2013	3,600,186

3Creditors

	2014 £	2013 £
Secured Debts	1,718,857	1,720,117
Instalment debts due after 5 years	1,718,857	1,720,117

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
30 Ordinary A shares of £1 each	30	30