Provincial Land Developments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02360017 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PROVINCIAL LAND DEVELOPMENTS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Intangible assets

2

4,160

CURRENT ASSETS

Stocks

2,000

105,519

Debtors

800,000

1,503

Cash at bank

193,246

2,265

995,246

109,287

CREDITORS

Amounts falling due within one year

203,003

131,339

NET CURRENT ASSETS/(LIABILITIES)

792,243

(22,052

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

796,403

(17,892

)

CAPITAL AND RESERVES

Called up share capital

3

40,000

Profit and loss account

756,403

(57,892

)

SHAREHOLDERS' FUNDS

796,403

(17,892

)

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 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 9 December 2016 and were signed on its behalf by:

J P F White - Director

A J Williamson - 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).

Turnover

Turnover represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the

company has obtained the right to consideration through its performance and is measured at the fair value of the right to

consideration.

Intangible assets

Intangible assets are capitalised at cost, no amortisation is charged as their value is appreciating and the assets are also

subject to an annual impairment review.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Deferred tax

The general principle is that deferred tax is recognised as a liability or asset if the transactions or events that give an

obligation to pay more tax in future or a right to pay less tax in future have occurred by the balance sheet date however

deferred tax assets are only recognised if it is considered more likely than not that they will be recoverable.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

4,160

NET BOOK VALUE

At 31 March 2016

4,160

At 31 March 2015

4,160

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

40,000

Ordinary 'A' Shares

1

40,000