Abbreviated Company Accounts - P.L.E. PROPERTIES LIMITED

P.L.E. PROPERTIES LIMITED - Company Information

03249016 P.L.E. PROPERTIES LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 03249016 2014-10-01 2015-09-30 03249016 2015-09-30 03249016 2014-09-30 03249016 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 03249016 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 03249016

P.L.E. PROPERTIES LIMITED

Abbreviated Accounts

30 September 2015

P.L.E. PROPERTIES LIMITED Registered Number 03249016

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	108,000	108,000
		108,000	108,000
Current assets
Cash at bank and in hand		265	1,253
		265	1,253
Creditors: amounts falling due within one year		(58,967)	(59,136)
Net current assets (liabilities)		(58,702)	(57,883)
Total assets less current liabilities		49,298	50,117
Total net assets (liabilities)		49,298	50,117
Capital and reserves
Called up share capital	3	1,000	1,000
Revaluation reserve		24,175	24,175
Profit and loss account		24,123	24,942
Shareholders' funds		49,298	50,117

For the year ending 30 September 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 30 June 2016

And signed on their behalf by:
M Malia, Director

P.L.E. PROPERTIES LIMITED Registered Number 03249016

Notes to the Abbreviated Accounts for the period ended 30 September 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.

Tangible assets depreciation policy
Tangible fixed assets include investment properties valued by the director on an existing use open
market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 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 director 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 October 2014	108,289
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	108,289
Depreciation
At 1 October 2014	289
Charge for the year	-
On disposals	-
At 30 September 2015	289
Net book values
At 30 September 2015	108,000
At 30 September 2014	108,000

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

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000