Pentre Industrial Estate Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03396310 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st August 2016

for

Pentre Industrial Estate Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D H Barnett

Mrs E M Barnett

SECRETARY:

Mrs E M Barnett

REGISTERED OFFICE:

Llan Fawr

Turnpike

Llangefni

Anglesey

LL77 7YE

REGISTERED NUMBER:

03396310 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

2

498,408

494,198

CURRENT ASSETS

Debtors

1,137

5,108

Cash at bank

2,100

5,471

3,237

10,579

CREDITORS

Amounts falling due within one year

215,729

218,879

NET CURRENT LIABILITIES

(212,492

)

(208,300

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

285,916

285,898

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

197,427

Profit and loss account

88,389

88,371

SHAREHOLDERS' FUNDS

285,916

285,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 20th December 2016 and were signed on its behalf
by:

D H Barnett - 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 January

2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Freehold property - not provided

No depreciation is provided on freehold property because the directors consider that the life of the property and

its residual value is such that depreciation is not material.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st September 2015

494,198

Additions

5,263

At 31st August 2016

499,461

DEPRECIATION

Charge for year

1,053

At 31st August 2016

1,053

NET BOOK VALUE

At 31st August 2016

498,408

At 31st August 2015

494,198

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/16

31/8/15

value:

£

100

Ordinary share

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loans from the directors have no fixed repayment dates and are not interest bearing.