Plumridge Properties Limited - Abbreviated accounts 16.3
Plumridge Properties Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| PLUMRIDGE PROPERTIES LIMITED |
| PLUMRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 07727234) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| PLUMRIDGE PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 MARCH 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| PLUMRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 07727234) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| PLUMRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 07727234) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2016 |
| The financial statements were approved by the Board of Directors on |
| PLUMRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 07727234) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MARCH 2016 |
| 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). |
| Turnover |
| Turnover represents rental income receivable, excluding value added tax. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| In accordance with the Financial Reporting Standards for Smaller Entities (FRSSE) (effective January 2015), |
| investment properties are revalued annually and the aggregate surplus or deficit is transferred to the revaluation |
| reserve. No depreciation is provided in respect of investment properties. |
| The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the |
| generally accepted accounting principle set out in the FRSSE (effective January 2015). The directors consider, |
| that because investment properties are not held for consumption, but for their investment potential, to depreciate |
| them would not give a true and fair view, and that it is necessary to adopt the FRSSE (effective January 2015) in |
| order to give a true and fair view. |
| If this departure had not been made, the profit for the year would have been reduced by depreciation. The |
| amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors |
| reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately |
| identified or quantified. |
| 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 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| PLUMRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 07727234) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 MARCH 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2015 |
| and 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 24,010 | 51,580 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £0.01 |