PCR Assets Limited - Abbreviated accounts 16.1

PCR Assets Limited - Abbreviated accounts 16.1

PCR ASSETS LIMITED - Company Information

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DRAFT
REGISTERED NUMBER: 04137244 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

PCR ASSETS LIMITED

PCR ASSETS LIMITED (REGISTERED NUMBER: 04137244)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

DRAFT



Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PCR ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DRAFT
DIRECTORS: Mr P Chessum
Mrs M E Chessum
Mr D J White
Mrs K J Gill





SECRETARY: Mrs K J Gill





REGISTERED OFFICE: 4 Fenice Court
Phoenic Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 04137244 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP
Page 1
PCR ASSETS LIMITED (REGISTERED NUMBER: 04137244)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £   
DRAFT
CURRENT ASSETS
Debtors 41,125 41,125

CREDITORS
Amounts falling due within one year 39,625 39,625
NET CURRENT ASSETS 1,500 1,500
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,500
1,500

CAPITAL AND RESERVES
Called up share capital 2 1,000 1,000
Profit and loss account 500 500
SHAREHOLDERS' FUNDS 1,500 1,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 30 September 2016 and were signed on its behalf
by:





Mrs K J Gill - Director


The notes form part of these abbreviated accounts

Page 2
PCR ASSETS LIMITED (REGISTERED NUMBER: 04137244)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
DRAFT

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 January
2015).

The company was dormant throughout the current year and previous year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date, except where they are not expected to crystallise in the foreseeable future.

Consolidation
The company and its majority shareholder comprise a small group. The company has taken advantage of the
exemption provided by section 399(1) of the Companies Act 2006 not to prepare group accounts.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

3. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of PCR Family Holdings Limited, a company incorporated in
England and Wales. The accounts for the parent company can be obtained from Companies House.

At the balance sheet date, the beneficial interests of the directors in the issued share capital of the parent
company were as follows:

Mr P Chessum - 20% of issued share capital
Mrs M E Chessum - 20% of issued share capital
Mr D White - 20% of issued share capital
Mrs K J Gill - 20% of issued share capital

4. RELATED PARTY DISCLOSURES

At the balance sheet date, Chessum Plants Limited, a company in which PCR Family Holdings Limited holds a
40% interest, owed the company £41,125, and this is included within Trade Debtors within note 5 to the
accounts.

The balance owed by PCR Family Holdings Limited amounted to £33,500 at the balance sheet date, and this
arose in respect of group funding arrangements. This balance is included within note 6 to the accounts.

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