Pearl Property Investments Limited - Abbreviated accounts 16.3
Pearl Property Investments Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2016 |
| for |
| Pearl Property Investments Limited |
| Pearl Property Investments Limited (Registered number: 06222666) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Pearl Property Investments Limited |
| Company Information |
| for the Year Ended 30 June 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Pearl Property Investments Limited (Registered number: 06222666) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stock held for re-sale |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT 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 |
| Pearl Property Investments Limited (Registered number: 06222666) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| During the year, the company disposed of its trading activity in retail shop and is now in property development. |
| Although the company has net liabilities at the year end of £218,935 (2015 - £147,243), the financial statements have been |
| prepared on a going concern basis which assumes the continued support of its directors and creditors. The financial |
| statements do not include any adjustment that would result from a failure to obtain continued support. |
| Statutory information |
| Pearl Property Investments Limited is a private company, limited by shares, registered in England and Wales. The |
| company's registered number and registered office address can be found on the Company Information page. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Stock |
| Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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 |
| At 1 July 2015 |
| Disposals | ( |
) |
| At 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Eliminated on disposal | ( |
) |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| Pearl Property Investments Limited (Registered number: 06222666) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| Additions |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the year ended 30 June 2016 and the period ended |
| 30 June 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| Included in debtors is an amount of £132,800 due by (2015: £145,382 due to) the director, T Akbar. |
| 6. | RELATED PARTY DISCLOSURES |
| Included in other creditors are amounts due to : |
| - Beaufort International Associates plc of £113,126 (2015: £28,000). |
| - Beaufort Venture Plc of £152,7767 (2015: £nil) |
| - Tasa Property Ltd of £772,960 (2015: £nil) |
| - Sanderson Capital Partners Ltd of £345,000 (2015: £nil) |
| T Malik and T Akbar, directors and shareholders of the Company also are directors and shareholders of the above |
| companies. |