THE_PROPERTY_INTELLIGENCE - Accounts

PROPERTY INTELLIGENCE PEOPLE LIMITED - Company Information

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Company Registration No. 07960850 (England and Wales)

THE PROPERTY INTELLIGENCE PEOPLE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

THE PROPERTY INTELLIGENCE PEOPLE LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

THE PROPERTY INTELLIGENCE PEOPLE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE PROPERTY INTELLIGENCE PEOPLE LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Property Intelligence People Limited for the year ended 30 September 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of The Property Intelligence People Limited, as a body, in accordance with the terms of our engagement letter dated 30 January 2015. Our work has been undertaken solely to prepare for your approval the financial statements of The Property Intelligence People Limited and state those matters that we have agreed to state to the Board of Directors of The Property Intelligence People Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Property Intelligence People Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that The Property Intelligence People Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Property Intelligence People Limited. You consider that The Property Intelligence People Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Property Intelligence People Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Trevor Jones & Co

27 June 2016

Chartered Accountants

Old Bank Chambers

582-586 Kingsbury Road

Erdington

Birmingham

B24 9ND

THE PROPERTY INTELLIGENCE PEOPLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 2 -

2015

2014

Notes

Fixed assets

Intangible assets

84,167

89,167

Tangible assets

140

1,018

84,307

90,185

Current assets

Debtors

13,025

25,691

Cash at bank and in hand

40,650

28,447

53,675

54,138

Creditors: amounts falling due within one year

(115,193)

(124,416)

Net current liabilities

(61,518)

(70,278)

Total assets less current liabilities

22,789

19,907

Capital and reserves

Called up share capital

Share premium account

99,990

Profit and loss account

(77,211)

(80,093)

Shareholders' funds

22,789

19,907

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 June 2016

Mr M Ramzan

Director

Company Registration No. 07960850

THE PROPERTY INTELLIGENCE PEOPLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life, which is deemed to be 20 years.

1.5

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

33.3% straight line.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2014 & at 30 September 2015

100,000

2,093

102,093

Depreciation

At 1 October 2014

10,833

1,075

11,908

Charge for the year

5,000

878

5,878

At 30 September 2015

15,833

1,953

17,786

Net book value

At 30 September 2015

84,167

140

84,307

At 30 September 2014

89,167

1,018

90,185

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary shares of £1 each