PPT Properties Ltd


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Registered number: 7951752
PPT Properties Ltd
Abbreviated accounts
For The Year Ended 28 February 2016
Sloane & Co. LLP

Chartered Certified Accountants

36-38 Westbourne Grove
Newton Road
London
W2 5SH
Abbreviated Balance Sheet
2016 2015
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 2 46,000 46,000
46,000 46,000
CURRENT ASSETS
Debtors 600 600
Cash at bank and in hand 14,797 11,376
15,397 11,976
Creditors: Amounts Falling Due Within One Year (61,077 ) (60,689 )
NET CURRENT ASSETS (LIABILITIES) (45,680 ) (48,713 )
TOTAL ASSETS LESS CURRENT LIABILITIES 320 (2,713 )
NET ASSETS 320 (2,713 )
CAPITAL AND RESERVES
Called up share capital 3 16 16
Profit and Loss Account 304 (2,729 )
SHAREHOLDERS' FUNDS 320 (2,713 )
For the year ending 28 February 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 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr Mark Allen
28 November 2016
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Notes to the Abbreviated Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Investment properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2. Tangible Assets
Total
Cost £
As at 1 March 2015 46,000
As at 28 February 2016 46,000
Net Book Value
As at 28 February 2016 46,000
As at 1 March 2015 46,000
3. Share Capital
Value Number 2016 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 1.00 16 16 16
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