Pressfield Limited - Abbreviated accounts 16.3

Pressfield Limited - Abbreviated accounts 16.3

PRESSFIELD LIMITED - Company Information

Print Friendly Version

05024572 Y Cohen G Cohen A Kohen 1.10.15 30.9.16 30.9.16 Company accounts Private Limited Company FY true false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050245722015-09-30050245722016-09-30050245722015-10-012016-09-30050245722014-09-30050245722014-10-012015-09-30050245722015-09-3005024572ns12:England2015-10-012016-09-3005024572ns14:PoundSterling2015-10-012016-09-3005024572ns7:Director12015-10-012016-09-3005024572ns7:Director22015-10-012016-09-3005024572ns7:Director32015-10-012016-09-3005024572ns7:OrdinaryShareClass12015-10-012016-09-3005024572ns7:CompanySecretary2015-10-012016-09-3005024572ns7:RegisteredOffice2015-10-012016-09-3005024572ns7:EntityAccountantsOrAuditors2015-10-012016-09-3005024572ns5:ImprovementsOrDevelopmentAssets2015-10-012016-09-3005024572ns5:FixturesFittings2015-10-012016-09-3005024572ns7:OrdinaryShareClass12016-09-3005024572ns7:OrdinaryShareClass12015-09-30
REGISTERED NUMBER: 05024572 (England and Wales)




















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2016

FOR

PRESSFIELD LIMITED

PRESSFIELD LIMITED (REGISTERED NUMBER: 05024572)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PRESSFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: Y Cohen
G Cohen
A Kohen





SECRETARY: A Kohen





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 05024572 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG
Page 1
PRESSFIELD LIMITED (REGISTERED NUMBER: 05024572)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,243,166 5,311,724

CURRENT ASSETS
Stocks 28,292 31,229
Debtors 3 1,695,179 1,675,121
Cash at bank 27,433 139,028
1,750,904 1,845,378
CREDITORS
Amounts falling due within one year 4 438,702 456,967
NET CURRENT ASSETS 1,312,202 1,388,411
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,555,368
6,700,135

CREDITORS
Amounts falling due after more than one
year
4
6,529,394
6,661,933
NET ASSETS 25,974 38,202

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 559,154 559,154
Profit and loss account (533,280 ) (521,052 )
SHAREHOLDERS' FUNDS 25,974 38,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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 notes form part of these abbreviated accounts

Page 2 continued...
PRESSFIELD LIMITED (REGISTERED NUMBER: 05024572)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 29 June 2017 and were signed on its behalf by:




Y Cohen - Director G Cohen - Director




A Kohen - Director


The notes form part of these abbreviated accounts

Page 3
PRESSFIELD LIMITED (REGISTERED NUMBER: 05024572)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property - 10% on cost and 2% on cost
Fixtures and fittings - 20% on reducing balance

Investment properties
Investment properties are revalued annually by the directors on an open market basis. Surpluses and temporary
deficits arising on valuation are taken directly to the revaluation reserve. In accordance with the Financial
Reporting Standard for Smaller Entities, no provision for depreciation is made in respect of freehold investment
properties or leasehold investment properties with over 20 years to expiry. The directors consider that this
accounting policy, which is a departure from the requirements of the Companies Act concerning depreciation of
fixed assets, is therefore necessary to provide a true and fair view. Depreciation is only one of the many factors
reflected in the annual valuation and the amount, which might otherwise have been shown, cannot be separately
identified or quantified.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 5,852,065
Additions 5,204
At 30 September 2016 5,857,269
DEPRECIATION
At 1 October 2015 540,341
Charge for year 73,762
At 30 September 2016 614,103
NET BOOK VALUE
At 30 September 2016 5,243,166
At 30 September 2015 5,311,724

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,612,386 (2015 - £ 1,612,386 )

4. CREDITORS

Creditors include an amount of £ 3,760,000 (2015 - £ 3,880,000 ) for which security has been given.

Page 4 continued...
PRESSFIELD LIMITED (REGISTERED NUMBER: 05024572)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary shares £1.00 100 100

6. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Gyda Properties Limited, a company registered in England.

Page 5