PINNERWAY PROPERTIES LIMITED,Ltd - Accounts

PINNERWAY PROPERTIES LIMITED,Ltd - Accounts

PINNERWAY PROPERTIES LIMITED - Company Information

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2015-06-01 true false Private Limited Company 04769915 2016-05-31 04769915 2015-06-01 2016-05-31 04769915 2015-05-31 04769915 2014-06-01 2015-05-31 04769915 uk-bus:Director1 2015-06-01 2016-05-31 04769915 uk-gaap:OfficeEquipment 2015-06-01 2016-05-31 04769915 uk-gaap:MotorVehicles 2015-06-01 2016-05-31 04769915 uk-bus:AllOrdinaryShares 2016-05-31 iso4217:GBP
PINNERWAY PROPERTIES LIMITED
For the year ended 31 May 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04769915
2
Contents Page
PINNERWAY PROPERTIES LIMITED
For the year ended 31 May 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
PINNERWAY PROPERTIES LIMITED
As at 31 May 2016
04769915
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
542
861
542
861
Current assets
Stocks
2,500
-
Debtors
2,497
98
Cash at bank and in hand
499
1,518
597
6,515
Creditors: amounts falling due within one year
(161,589)
(147,329)
(155,074)
(146,732)
Net current liabilities
Total assets less current liabilities
(146,190)
(154,213)
(146,190)
Net liabilities
(154,213)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(146,290)
(154,313)
(146,190)
(154,213)
Shareholders funds
For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 16 February 2017
J C BLATTER Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
PINNERWAY PROPERTIES LIMITED
For the year ended 31 May 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment
20% Straight line
Motor Vehicles
20% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
18,685
At 01 June 2015
At 31 May 2016
18,685
Depreciation
17,824
At 01 June 2015
319
Charge for year
18,143
At 31 May 2016
Net book values
At 31 May 2016
542
861
At 31 May 2015
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5
Notes to the Abbreviated Financial Statements
PINNERWAY PROPERTIES LIMITED
For the year ended 31 May 2016
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares shares of £1.00 each
100
100
100
100
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