Abbreviated Company Accounts - PROPPERTUNITY LIMITED

PROPPERTUNITY LIMITED - Company Information

06442875 PROPPERTUNITY LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 06442875 2015-01-01 2015-12-31 06442875 2015-12-31 06442875 2014-12-31 06442875 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 06442875 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 06442875

PROPPERTUNITY LIMITED

Abbreviated Accounts

31 December 2015

PROPPERTUNITY LIMITED Registered Number 06442875

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,843,849	4,109,975
		4,843,849	4,109,975
Current assets
Debtors		2,821	6,821
Cash at bank and in hand		4,844	1,166
		7,665	7,987
Creditors: amounts falling due within one year	3	(367,290)	(331,118)
Net current assets (liabilities)		(359,625)	(323,131)
Total assets less current liabilities		4,484,224	3,786,844
Creditors: amounts falling due after more than one year	3	(4,639,611)	(3,952,054)
Total net assets (liabilities)		(155,387)	(165,210)
Capital and reserves
Called up share capital	4	30	30
Profit and loss account		(155,417)	(165,240)
Shareholders' funds		(155,387)	(165,210)

For the year ending 31 December 2015 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 21 December 2016

And signed on their behalf by:
M Glassman, Director

PROPPERTUNITY LIMITED Registered Number 06442875

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 the total invoice value of rent receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% straight-line

2Tangible fixed assets

	£
Cost
At 1 January 2015	4,529,958
Additions	841,299
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	5,371,257
Depreciation
At 1 January 2015	419,983
Charge for the year	107,425
On disposals	-
At 31 December 2015	527,408
Net book values
At 31 December 2015	4,843,849
At 31 December 2014	4,109,975

3Creditors

	2015 £	2014 £
Secured Debts	2,003,596	1,718,857
Instalment debts due after 5 years	2,003,596	1,718,857

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
30 Ordinary A shares of £1 each	30	30