Abbreviated Company Accounts - PALFREY & WEBB LIMITED

PALFREY & WEBB LIMITED - Company Information

00502777 PALFREY & WEBB LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 00502777 2015-01-01 2015-12-31 00502777 2015-12-31 00502777 2014-12-31 00502777 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 00502777 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 00502777

PALFREY & WEBB LIMITED

Abbreviated Accounts

31 December 2015

PALFREY & WEBB LIMITED Registered Number 00502777

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	369,180	447,366
		369,180	447,366
Current assets
Debtors		68,776	6,723
Cash at bank and in hand		6,493	38,746
		75,269	45,469
Creditors: amounts falling due within one year		(70,602)	(15,318)
Net current assets (liabilities)		4,667	30,151
Total assets less current liabilities		373,847	477,517
Creditors: amounts falling due after more than one year		-	(64,467)
Total net assets (liabilities)		373,847	413,050
Capital and reserves
Called up share capital	3	1,000	1,000
Revaluation reserve		18,814	18,814
Profit and loss account		354,033	393,236
Shareholders' funds		373,847	413,050

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 September 2016

And signed on their behalf by:
C. F. Gill, Director

PALFREY & WEBB LIMITED Registered Number 00502777

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of Accounting
===============
The Accounts have been prepared under the Historical Cost Convention and in accordance with Section 1A of FRS 102 The Financial Reporting Standards.

The company has taken advantage of the exemptions in the Financial Reporting Standard Number 1 from the requirement to produce a Cash Flow Statement on the grounds that it is a small company.

Turnover policy
Turnover represents total sales less Value Added Tax.

Tangible assets depreciation policy
Depreciation
==========
Depreciation is provided at the following rate to write down the cost or valuation, less estimated residual values, of all tangible fixed assets, with the exception of freehold land, over their expected useful lives:-

Longterm Leasehold Properties Nil

Valuation information and policy
Investment Properties
=================
Investment properties are internally valued by the Directors every year, and these values are currently being reviewed.

Other accounting policies
Deferred Taxation
=============
Provision is made for deferred taxation using the liability method, which takes account of the timing differences between the incidence of income and expenditure for taxation and accounting purposes, except to the extent that the Directors consider the liability to taxation is unlikely to arise.

2Tangible fixed assets

	£
Cost
At 1 January 2015	447,366
Additions	-
Disposals	(78,186)
Revaluations	-
Transfers	-
At 31 December 2015	369,180
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	369,180
At 31 December 2014	447,366

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000