Paulston Investments Limited Small abbreviated accounts

PAULSTON INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 03450684

PAULSTON INVESTMENTS LIMITED

ABBREVIATED ACCOUNTS

31 October 2015

McKELVIE & CO

Chartered Accountants

82 Wandsworth Bridge Road

London

SW6 2TF

PAULSTON INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

31 October 2015

	2015	2014
Note	£	£	£	£
FIXED ASSETS	2
Tangible assets		2,158		2,878

CURRENT ASSETS

Debtors	8,738		-
Cash at bank and in hand	972,832		1,580,847
	----------		-------------
	981,570		1,580,847
CREDITORS: Amounts falling due within one year	29,953		296,967
	----------		-------------
NET CURRENT ASSETS		951,617		1,283,880
		----------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES		953,775		1,286,758

CREDITORS: Amounts falling due after more than one year	3		-		326,808
		----------		-------------
		953,775		959,950
		----------		-------------

CAPITAL AND RESERVES

Called up equity share capital	5		2		2
Profit and loss account		953,773		959,948
		----------		----------
SHAREHOLDERS' FUNDS		953,775		959,950
		----------		----------

For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 5 July 2016 .

S Walsh

Company Registration Number: 03450684

PAULSTON INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 OCTOBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

Turnover

Turnover represents the value of services provided during the year net of value added tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings:25% reducing balance

Equipment:25% reducing balance

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 November 2014 and 31 October 2015	17,903
	---------

DEPRECIATION

At 1 November 2014	15,025
Charge for year	720
	---------
At 31 October 2015	15,745
	---------

NET BOOK VALUE

At 31 October 2015	2,158
	-------

At 31 October 2014	2,878
	-------

3. CREDITORS: Amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2015	2014
	£	£
Bank loans and overdrafts	-	326,808
	----	----------

4. COMMITMENTS UNDER HIRE PURCHASE AND FINANCE LEASE AGREEMENTS

Future commitments under hire purchase and finance lease agreements are as follows:

	2015		2014
	£		£

5. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----