PINEDOT_LIMITED - Accounts

PINEDOT LIMITED - Company Information

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Company Registration No. 02916901 (England and Wales)

PINEDOT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

PINEDOT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PINEDOT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,750,000

Current assets

Debtors

523

34,317

Cash at bank and in hand

61,642

66,725

62,165

101,042

Creditors: amounts falling due within one year

(71,153)

(80,637)

Net current (liabilities)/assets

(8,988)

20,405

Total assets less current liabilities

1,741,012

1,770,405

Capital and reserves

Called up share capital

937,000

Revaluation reserve

801,196

Profit and loss account

2,816

32,209

Shareholders' funds

1,741,012

1,770,405

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 September 2016

J V Cornwell

Director

Company Registration No. 02916901

PINEDOT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of investment property and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rent receivable from investment property.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include investment property.

Investment property is included in the balance sheet at open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and is not depreciated. This treatment is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated but is, in the opinion of the directors, necessary for the financial statements to give a true and fair view.

Investment property

No depreciation

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015 & at 31 March 2016

1,750,000

Depreciation

At 1 April 2015 & at 31 March 2016

Net book value

At 1 April 2015 & at 31 March 2016

1,750,000

Share capital

2016

2015

Allotted, called up and fully paid

937,000 Ordinary shares of £1 each

937,000