Place2rent Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06853530 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PLACE2RENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C C E Jackson

SECRETARY:

Mrs L Jackson

REGISTERED OFFICE:

27 Osborne Street

Grimsby

DN31 1NU

REGISTERED NUMBER:

06853530 (England and Wales)

ACCOUNTANTS:

Wilson Sharpe & Co

Chartered Accountants

27 Osborne Street

Grimsby

N E Lincs

DN31 1NU

FIXED ASSETS

Tangible assets

2

5,000

Investments

3

1

5,001

CURRENT ASSETS

Debtors

1,901,418

2,403,870

Cash at bank

1,118

654

1,902,536

2,404,524

CREDITORS

Amounts falling due within one year

761,362

1,261,143

NET CURRENT ASSETS

1,141,174

1,143,381

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,146,175

1,148,382

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

1,146,174

1,148,381

SHAREHOLDERS' FUNDS

1,146,175

1,148,382

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 30 December 2016 and were signed by:

C C E Jackson - Director

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 April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Place2rent Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Tangible fixed assets

No depreciation is provided on freehold land and buildings held as investment properties. These are stated

in the balance sheet at their estimated open market values in order for the accounts to show a true and fair

view. Any movements in valuation are taken to the revaluation reserve.

Deferred tax

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

balance sheet date.

Turnover

Turnover represents rents receivable on investment properties.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,000

NET BOOK VALUE

At 31 March 2016

5,000

At 31 March 2015

5,000

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

1

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Place2lease Ltd

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

130,897

84,752

Profit for the year

46,145

44,470

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1