P & D Properties (Midlands) Limited - Abbreviated accounts 16.3
P & D Properties (Midlands) Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
P & D PROPERTIES (MIDLANDS) LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2016 |
P & D PROPERTIES (MIDLANDS) LIMITED (REGISTERED NUMBER: 05456442) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
P & D PROPERTIES (MIDLANDS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
P & D PROPERTIES (MIDLANDS) LIMITED (REGISTERED NUMBER: 05456442) |
ABBREVIATED BALANCE SHEET |
31 MAY 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on |
P & D PROPERTIES (MIDLANDS) LIMITED (REGISTERED NUMBER: 05456442) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2016 |
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 goods, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Land and Buildings have not been depreciated during the year, as required by the Companies Act 2006. This is |
in accordance with SSAP19 and the policy has been adopted to provide a true and fair view, since the estimated |
net residual value of the property is considered to be at least equal to the cost price. |
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 OR VALUATION |
At 1 June 2015 |
and 31 May 2016 |
DEPRECIATION |
At 1 June 2015 |
Charge for year |
At 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
3. | CREDITORS |
Creditors include the following debts falling due in more than five years: |
2016 | 2015 |
£ | £ |
Repayable by instalments | 62,738 | 78,181 |
P & D PROPERTIES (MIDLANDS) LIMITED (REGISTERED NUMBER: 05456442) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MAY 2016 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The company was under the control of Mr D Preston and Mr P Robinson throughout the current and previous |
year by virtue of the fact that they each own 50% of the ordinary share capital. |
The directors have provided additional security from personal property assets in respect of the bank loans and |
overdrafts taken out by the company. |
Included within other creditors due after one year is a loan from the directors of £80,598 (2015 - £67,082). The |
directors do not intend to take any repayment of this loan within the next twelve months. |