PCI (Prop Consultants & Investments) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07922435 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 January 2014

for

PCI (Property Consultants &

Investments) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R Nash

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

07922435 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Tangible assets

2

250,275

224,283

CURRENT ASSETS

Debtors

99

95

Cash at bank

16,720

2,061

16,819

2,156

CREDITORS

Amounts falling due within one year

230,461

226,840

NET CURRENT LIABILITIES

(213,642

)

(224,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,633

(401

)

PROVISIONS FOR LIABILITIES

55

-

NET ASSETS/(LIABILITIES)

36,578

(401

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

25,717

-

Profit and loss account

10,761

(501

)

SHAREHOLDERS' FUNDS

36,578

(401

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 4 September 2014 and were signed by:

P R Nash - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Investment properties

Freehold investment properties are not subject to periodic charges to depreciation but are included in

the balance sheet at an open market value which is periodically re-assessed. This represents a

departure from the requirements of the Companies Act 2006 which is necessary to comply with the

Financial Reporting Standard for Smaller Entities and to ensure the financial statements are properly

representative. The effect of this departure is to increase retained profits at the balance sheet date by

the cumulative amounts of depreciation which have not been charged to the profit and loss account

and to inflate the amount at which the investment properties are stated by a similar amount. However,

the amount of depreciation cannot reasonably be quantified because depreciation is only one of many

factors reflected in periodic valuations and cannot be derived separately.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 February 2013

224,283

Additions

410

Revaluations

25,717

At 31 January 2014

250,410

DEPRECIATION

Charge for year

135

At 31 January 2014

135

NET BOOK VALUE

At 31 January 2014

250,275

At 31 January 2013

224,283

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

100

Ordinary

£1

100

100