Pimlico Properties & Investments Limited - Abbreviated accounts 16.3

Pimlico Properties & Investments Limited - Abbreviated accounts 16.3

PIMLICO PROPERTIES & INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05592729 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

PIMLICO PROPERTIES & INVESTMENTS LIMITED

PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PIMLICO PROPERTIES & INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTOR: G Armao





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow On The Hill
Middlesex
HA1 3EX





REGISTERED NUMBER: 05592729 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,269,000 1,269,000

CURRENT ASSETS
Cash at bank 15,171 15,171

CREDITORS
Amounts falling due within one year 3 1,711,002 1,710,402
NET CURRENT LIABILITIES (1,695,831 ) (1,695,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(426,831
)
(426,231
)

CAPITAL AND RESERVES
Called up share capital 4 1,460 1,460
Profit and loss account (428,291 ) (427,691 )
SHAREHOLDERS' FUNDS (426,831 ) (426,231 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 23 December 2016 and were signed by:





G Armao - Director


The notes form part of these abbreviated accounts

Page 2
PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a going basis, on the understanding that the continued financial support
will be provided by the shareholder.

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).

Related party exemption
The director is aware of the identity of the ultimate controlling party. However, he is under a duty of confidentiality
that prevents him from disclosing certain information required by Financial Reporting Standard 8.Therefore he
has taken the exemption offered by the Standard in respect of confidentiality.

Tangible fixed assets
Investment properties are included in the balance sheet at cost. In accordance with Statement of Standard
Accounting Practice 19 "Accounting for Investment Properties", no depreciation is provided on property held for
investment purpose. Statement of Standard Accounting Practice 19 also requires property held for investment
purposes to be re-valued to open market value. A revaluation on the investment properties was performed at
open market value on 20 July 2015 by Giuseppe Guzzetta, an architect, which valued the investment properties
at £1,269,751, a reduction of £357,160. The deficit is not deemed to be permanent and has been taken to the
statement of total recognised gains and losses and the revaluation reserve.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 January 2015
and 31 December 2015 1,269,000
NET BOOK VALUE
At 31 December 2015 1,269,000
At 31 December 2014 1,269,000

3. CREDITORS

Creditors include an amount of £ 1,699,748 (2014 - £ 1,699,748 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary shares £1.46 1,460 1,460

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