PLA3 Limited - Abbreviated accounts 16.3
PLA3 Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016 |
| FOR |
| PLA3 LIMITED |
| PLA3 LIMITED (REGISTERED NUMBER: 08668711) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| PLA3 LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| PLA3 LIMITED (REGISTERED NUMBER: 08668711) |
| ABBREVIATED BALANCE SHEET |
| 31 AUGUST 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| 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 |
| PLA3 LIMITED (REGISTERED NUMBER: 08668711) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has net current liabilities of £331,060. Included within other creditors due within one year is an |
| amount of £333,626 due to Mr P L Alcock, who is the director of the company. The director will not seek |
| repayment of this loan to the detriment of other creditors and the director will continue to provide the company |
| with financial support as and when required. The director therefore considers it appropriate to prepare the |
| accounts on a going concern basis. |
| 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). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| In accordance with SSAP19, investment properties are revalued annually and any surplus or deficit arising is |
| taken to an investment property reserve. No depreciation is provided on such properties as they are held as |
| investments and not for consumption. |
| This treatment of investment properties may be a departure from the requirements of the Companies Act |
| concerning depreciation of fixed assets. However, as these properties are not held for consumption but for |
| investment, the director considers that depreciation would be inappropriate. The accounting policy adopted is |
| therefore necessary for the financial statements to give a true and fair view. |
| Deferred tax |
| The charge/(credit) for taxation is based on the results for the year and takes into account taxation deferred |
| because of timing differences between the treatment of certain items for taxation and accounting purposes. In |
| accordance with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing |
| differences that have been originated but not reversed by the balance sheet date. Deferred tax assets are |
| recognised when it is more likely than not that the asset will be recovered. Deferred tax is measured using rates |
| that have been enacted or substantially enacted by the balance sheet date. Deferred tax balances are not |
| discounted. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| and 31 August 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for year |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| PLA3 LIMITED (REGISTERED NUMBER: 08668711) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| Additions |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 August 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 2 | 2 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 August 2016 and |
| 31 August 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| This loan is interest free and repayable on demand. |