Pandowood Retirement Villages Limited - Abbreviated accounts

PANDOWOOD DEVELOPMENT LIMITED - Company Information

Registered number

09632311

Pandowood Retirement Villages Limited

Abbreviated Accounts

30 June 2016

Pandowood Retirement Villages Limited
Registered number:		09632311
Abbreviated Balance Sheet
as at 30 June 2016

Notes			2016
£
Current assets
Debtors	5	52,790
Cash at bank and in hand		434
		53,224

Creditors: amounts falling due within one year		(166,909)

Net current liabilities			(113,685)

Total assets less current liabilities			(113,685)

Net liabilities			(113,685)

Capital and reserves
Called up share capital	3		400
Profit and loss account			(114,085)

Shareholders' funds			(113,685)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr S Wragg
Director
Approved by the board on 30 March 2017

Pandowood Retirement Villages Limited
Notes to the Abbreviated Accounts
for the period ended 30 June 2016

1	Statement of compliance

	These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.


2	Accounting policies

	Basis of preparation
	The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.


	The financial statements are prepared in sterling, which is the functional currency of the entity.

	Taxation
	The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.




	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


	Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.





	Foreign currencies
	Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreignncurrencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.




3	Share capital	Nominal		2016		2016
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		400		400
						400

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		400		400
						400