Proparity Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03885395 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

PROPARITY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTOR:

P M Urch

SECRETARY:

J D Gray

REGISTERED OFFICE:

Fairway House

Links Business Park

St. Mellons

Cardiff

CF3 0LT

REGISTERED NUMBER:

03885395 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

FIXED ASSETS

Tangible assets

2

2,499,243

CURRENT ASSETS

Debtors

33,127

23,184

Cash at bank and in hand

34,047

31,338

67,174

54,522

CREDITORS

Amounts falling due within one year

756,991

664,751

NET CURRENT LIABILITIES

(689,817

)

(610,229

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,809,426

1,889,014

CREDITORS

Amounts falling due after more than one
year

3

1,406,682

NET ASSETS

402,744

482,332

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

235,116

Profit and loss account

167,528

247,116

SHAREHOLDERS' FUNDS

402,744

482,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 January 2017 and were signed by:

P M Urch - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis. This basis has been adopted based upon assurances

given by the director that he will continue to support the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

2,499,243

NET BOOK VALUE

At 30 April 2016

2,499,243

At 30 April 2015

2,499,243

3.

CREDITORS

Creditors include an amount of £ 1,406,682 (2015 - £ 1,406,682 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

1,406,682

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

1p

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

19 January 2017