Abbreviated Company Accounts - PAUL AND DAVE ESTATES LIMITED

PAUL AND DAVE ESTATES LIMITED - Company Information

09043396 PAUL AND DAVE ESTATES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 09043396 2015-06-01 2016-05-31 09043396 2016-05-31 09043396 2015-05-31 09043396 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 09043396 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 09043396

PAUL AND DAVE ESTATES LIMITED

Abbreviated Accounts

31 May 2016

PAUL AND DAVE ESTATES LIMITED Registered Number 09043396

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	175,450	175,450
Investments		-	-
		175,450	175,450
Current assets
Stocks		-	-
Debtors		1,563	-
Investments		-	-
Cash at bank and in hand		2,361	3,786
		3,924	3,786
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	3	(187,597)	(183,779)
Net current assets (liabilities)		(183,673)	(179,993)
Total assets less current liabilities		(8,223)	(4,543)
Creditors: amounts falling due after more than one year	3	0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(8,223)	(4,543)
Capital and reserves
Called up share capital	4	100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(8,323)	(4,643)
Shareholders' funds		(8,223)	(4,543)

For the year ending 31 May 2016 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 20 February 2017

And signed on their behalf by:
D Smithies, Director

PAUL AND DAVE ESTATES LIMITED Registered Number 09043396

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
Turnover represents net invoiced letting income.

Tangible assets depreciation policy
Investment Property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern
The business has a loss for the year and a balance sheet deficit of £8,223. Included in creditors falling due within one year is an advance from an associate of £7,599 which will not be paid in advance of claims by other creditors. The directors anticipate that the current year will show a surplus.
On this basis the accounts are drawn up as a going concern.

2Tangible fixed assets

	£
Cost
At 1 June 2015	175,450
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	175,450
Depreciation
At 1 June 2015	0
Charge for the year	-
On disposals	-
At 31 May 2016	0
Net book values
At 31 May 2016	175,450
At 31 May 2015	175,450

The above is an Investment Property.

3Creditors

	2016 £	2015 £
Secured Debts	175,000	175,000

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100