Prestigious Property Ltd - Abbreviated accounts

Prestigious Property Ltd - Abbreviated accounts


Registered number
08920965
Prestigious Property Ltd
Unaudited Abbreviated Accounts
31 March 2016
Prestigious Property Ltd
Registered number: 08920965
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,086 654
Current assets
Debtors - 5,675
Cash at bank and in hand 20,851 5,282
20,851 10,957
Creditors: amounts falling due within one year (6,601) (13,039)
Net current assets/(liabilities) 14,250 (2,082)
Net assets/(liabilities) 15,336 (1,428)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 15,236 (1,528)
Shareholders' funds 15,336 (1,428)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A S Sidhu
Director
Approved by the board on 6 December 2016
Prestigious Property Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value of commissions received
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and fittings 20% straight line
2 Tangible fixed assets £
Cost
At 1 April 2015 818
Additions 744
At 31 March 2016 1,562
Depreciation
At 1 April 2015 164
Charge for the year 312
At 31 March 2016 476
Net book value
At 31 March 2016 1,086
At 31 March 2015 654
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A S Sidhu
current account (750) - - (750)
S S Sidhu
current account (750) - - (750)
(1,500) - - (1,500)
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