A & B PLATINUM PROPERTIES LTD - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 04557767 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

A & B PLATINUM PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

B Howle

SECRETARY:

P A Gresty

REGISTERED OFFICE:

200 Underwood Lane

Crewe

Cheshire

CW1 3SA

REGISTERED NUMBER:

04557767 (England and Wales)

ACCOUNTANTS:

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

FIXED ASSETS

Property, plant and equipment

3

16,019

20,064

Investment property

4

630,000

630,000

646,019

650,064

CURRENT ASSETS

Debtors: amounts falling due within one year

5

1,396

1,471

Cash at bank

540

2,474

1,936

3,945

CREDITORS

Amounts falling due within one year

6

6,866

5,998

NET CURRENT LIABILITIES

(4,930

)

(2,053

)

TOTAL ASSETS LESS CURRENT LIABILITIES

641,089

648,011

CREDITORS

Amounts falling due after more than one year

7

550,065

553,298

NET ASSETS

91,024

94,713

CAPITAL AND RESERVES

Called up share capital

8

2

2

Revaluation reserve

9

167,571

167,571

Retained earnings

9

(76,549

)

(72,860

)

SHAREHOLDERS' FUNDS

91,024

94,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 18 July 2016 and were signed by:

B Howle - Director

1.	STATUTORY INFORMATION

A & B PLATINUM PROPERTIES LTD is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from that standard.

These financial statements for the year ended 31st March 2016 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1st April 2014.

The transition to FRS 102 Section 1A small entities has not resulted in any material changes in accounting

policies to those previously used.

The financial statements have been prepared on a going concern basis which assumes that the Company will

continue in operational existence for the foreseeable future.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

15% on reducing balance

Fixtures & fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Motor

Computer

Equipment

& fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2015

and 31 March 2016

148

14,286

16,788

1,088

32,310

DEPRECIATION

At 1 April 2015

58

7,265

4,197

726

12,246

Charge for year

14

702

3,148

181

4,045

At 31 March 2016

72

7,967

7,345

907

16,291

NET BOOK VALUE

At 31 March 2016

76

6,319

9,443

181

16,019

At 31 March 2015

90

7,021

12,591

362

20,064

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2015

and 31 March 2016

16,788

DEPRECIATION

At 1 April 2015

4,197

Charge for year

3,148

At 31 March 2016

7,345

NET BOOK VALUE

At 31 March 2016

9,443

At 31 March 2015

12,591

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2015

and 31 March 2016

630,000

NET BOOK VALUE

At 31 March 2016

630,000

At 31 March 2015

630,000

The Investment Property market values have not changed during the year so no adjustment to the valuations

within the financial statements has been included.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

390

Other debtors

1,396

1,081

1,396

1,471

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

3,147

3,105

Directors' current accounts

2,328

1,767

Creditors and Accruals

1,391

1,126

6,866

5,998

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

4,459

7,673

Other creditors

545,606

545,625

550,065

553,298

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2015

(72,860

)

167,571

94,711

Deficit for the year

(3,689

)

(3,689

)

At 31 March 2016

(76,549

)

167,571

91,022

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Director are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A & B PLATINUM PROPERTIES LTD for the year ended 31 March 2016 which comprise the

Statement of Comprehensive Income, Statement of Financial Position, and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of A & B PLATINUM PROPERTIES LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & B PLATINUM PROPERTIES LTD and state those matters that we have agreed to state to the director of A & B PLATINUM PROPERTIES LTD 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 company and its director for our work or for this report.

It is your duty to ensure that A & B PLATINUM PROPERTIES LTD 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 loss of A & B PLATINUM PROPERTIES LTD. You consider that A & B PLATINUM PROPERTIES LTD 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 A & B PLATINUM PROPERTIES LTD. 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.

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

18 July 2016