Piersmartyn Investment Company Limited - Limited company - abbreviated

REGISTERED NUMBER: 00639679 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PIERSMARTYN INVESTMENT COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L M Holbrook

S P Holbrook

SECRETARY:

Mrs J C Holbrook

REGISTERED OFFICE:

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

REGISTERED NUMBER:

00639679 (England and Wales)

ACCOUNTANTS:

JOHN WILLIAMS & CO.

CHARTERED ACCOUNTANTS

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

FIXED ASSETS

Tangible assets

2

500,000

CURRENT ASSETS

Debtors

1,800

2,510

Cash at bank

79,147

53,771

80,947

56,281

CREDITORS

Amounts falling due within one year

11,722

5,425

NET CURRENT ASSETS

69,225

50,856

TOTAL ASSETS LESS CURRENT
LIABILITIES

569,225

550,856

CAPITAL AND RESERVES

Called up share capital

3

1,000

Revaluation reserve

328,326

Other reserves

438

Profit and loss account

239,461

221,092

SHAREHOLDERS' FUNDS

569,225

550,856

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

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

The directors acknowledge their 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 Board of Directors on 22 July 2014 and were signed on its behalf by:

S P Holbrook - 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).

Turnover

Turnover represents the invoiced value of rents receivable, net of value added tax.

Freehold investment property

In accordance with the Financial Reporting Standard for Smaller Entities no depreciation has been provided on

the freehold investment property which has been valued on an open market basis. This represents a departure

from the Companies Act 2006 which is necessary to give a true and fair view.

Operating lease income

Income from operating leases is accounted for as it falls due and is allocated to the periods it relates to.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

and 31 March 2014

500,000

NET BOOK VALUE

At 31 March 2014

500,000

At 31 March 2013

500,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary

£1

1,000

Piersmartyn Investment Company Limited - Limited company - abbreviated - 11.0.0

Piersmartyn Investment Company Limited - Limited company - abbreviated - 11.0.0