Abbreviated Company Accounts - PENCOMBE HALL LTD

Registered Number 07136435

PENCOMBE HALL LTD

Abbreviated Accounts

31 March 2016

PENCOMBE HALL LTD Registered Number 07136435

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	408,417	437,417
Tangible assets	3	68,749	72,881
		477,166	510,298
Current assets
Debtors		4,906	7,350
Cash at bank and in hand		27	42
		4,933	7,392
Creditors: amounts falling due within one year		(102,952)	(114,339)
Net current assets (liabilities)		(98,019)	(106,947)
Total assets less current liabilities		379,147	403,351
Creditors: amounts falling due after more than one year		(316,461)	(335,336)
Total net assets (liabilities)		62,686	68,015
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		61,686	67,015
Shareholders' funds		62,686	68,015

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 December 2016

And signed on their behalf by:
Mr D I Cope, Director

PENCOMBE HALL LTD Registered Number 07136435

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold No depreciation
Fixtures, fittings & equipment 15% Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to profit or loss .

2Intangible fixed assets

	£
Cost
At 1 April 2015	580,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	580,000
Amortisation
At 1 April 2015	142,583
Charge for the year	29,000
On disposals	-
At 31 March 2016	171,583
Net book values
At 31 March 2016	408,417
At 31 March 2015	437,417

3Tangible fixed assets

	£
Cost
At 1 April 2015	102,208
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	102,208
Depreciation
At 1 April 2015	29,327
Charge for the year	4,132
On disposals	-
At 31 March 2016	33,459
Net book values
At 31 March 2016	68,749
At 31 March 2015	72,881