P & P Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05016375 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

P & P Estates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Michael

SECRETARY:

P Michael

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

05016375 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

2

-

Investments

3

442,837

CURRENT ASSETS

Cash at bank

4,906

2,792

CREDITORS

Amounts falling due within one year

205,775

999

NET CURRENT (LIABILITIES)/ASSETS

(200,869

)

1,793

TOTAL ASSETS LESS CURRENT
LIABILITIES

241,968

444,630

CREDITORS

Amounts falling due after more than one
year

4

389,152

592,228

NET LIABILITIES

(147,184

)

(147,598

)

CAPITAL AND RESERVES

Called up share capital

5

10,000

Profit and loss account

(157,184

)

(157,598

)

SHAREHOLDERS' FUNDS

(147,184

)

(147,598

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 November 2016 and were signed by:

P Michael - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Whilst the balance sheet shows net liabilities, the financial statements have been prepared on a going concern

basis as the director and shareholders continue to support the company.

Turnover

Turnover represents gross rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

434

DEPRECIATION

At 1 April 2015

and 31 March 2016

434

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

442,837

NET BOOK VALUE

At 31 March 2016

442,837

At 31 March 2015

442,837

4.

CREDITORS

Creditors include an amount of £ 389,152 (31.3.15 - £ 389,274 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.16

31.3.15

£

Repayable otherwise than by instalments

389,152

389,274

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2,000

Ordinary A

£1

2,000

Ordinary B

£1

2,000

6,000

Ordinary C

£1

6,000

10,000