P & D Investments UK Ltd - Abbreviated accounts 16.1
P & D Investments UK Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 November 2015 |
| for |
| P & D Investments UK Ltd |
| P & D Investments UK Ltd (Registered number: 04064189) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 November 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| P & D Investments UK Ltd |
| Company Information |
| for the Year Ended 30 November 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Business Advisers |
| P & D Investments UK Ltd (Registered number: 04064189) |
| Abbreviated Balance Sheet |
| 30 November 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| P & D Investments UK Ltd (Registered number: 04064189) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 November 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared on a going concern basis which assumes that the directors will continue to support |
| the Company. If this support was not to continue then this basis may not be appropriate, as at the 30 November |
| 2015 the company's current liabilities exceeded the current assets by £431,096 (2014: £38,857). |
| Should the Company then not be able to continue trading, adjustments to the value of assets would be needed |
| to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as |
| current assets and liabilities. |
| 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 January |
| 2015). |
| Turnover |
| Turnover represents rents and service charges levied for the financial period excluding value added tax. |
| Tangible fixed assets |
| Office equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Each property is valued individually, rather than as part |
| of a portfolio, and any aggregated surpluses or deficits arising are reflected in the investment property |
| revaluation reserve. |
| Investment properties are depreciated at 2% on cost or valuation. |
| Taxation |
| Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or |
| recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet |
| date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date where transactions or events that result in an obligation to pay more or less tax in the future |
| have occurred at the balance sheet date. Timing differences are differences between the company's taxable |
| profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax |
| assessments in periods different from those in which they are recognised in the financial statements. |
| A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all |
| available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from |
| which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing |
| differences are expected to reverse, based on tax rates and laws that have been enacted or substantially |
| enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to the profit and loss account in the period to which they relate. |
| P & D Investments UK Ltd (Registered number: 04064189) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 November 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| Reclassification/transfer | ( |
) |
| At 30 November 2015 |
| DEPRECIATION |
| At 1 December 2014 |
| Charge for year |
| Reclassification/transfer | ( |
) |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| Additions |
| Revaluations |
| Reclassification/transfer |
| At 30 November 2015 |
| DEPRECIATION |
| Charge for year |
| Revaluation adjustments | ( |
) |
| Reclassification/transfer |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 645,442 | 91,182 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| P & D Investments UK Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| 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 P & D Investments UK Ltd for the year ended 30 November 2015 which comprise the Profit and |
| Loss Account, the Balance Sheet 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 Board of Directors of P & D Investments UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & D Investments UK Ltd and state those matters that we have agreed to state to the Board of Directors of P & D Investments UK Ltd, 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 company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that P & D Investments UK 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 profit of P & D Investments UK Ltd. You consider that P & D Investments UK 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 P & D Investments UK 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. |
| Chartered Accountants & Business Advisers |
| 26 August 2016 |