PENDLE_VIEW_HOLDINGS_LIMI - Accounts

PENDLE VIEW HOLDINGS LIMITED - Company Information

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Company Registration No. 06883686 (England and Wales)

PENDLE VIEW HOLDINGS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

PENDLE VIEW HOLDINGS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

PENDLE VIEW HOLDINGS LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PENDLE VIEW HOLDINGS LIMITED FOR THE YEAR ENDED 31 AUGUST 2016

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pendle View Holdings Limited for the year ended 31 August 2016 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Pendle View Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pendle View Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Pendle View Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pendle View Holdings Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Pendle View Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pendle View Holdings Limited. You consider that Pendle View Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pendle View Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore and Smalley LLP

Chartered Accountants

Richard House

9 Winckley Square

Preston

PR1 3HP

10 July 2017

PENDLE VIEW HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

597,746

604,105

Investments

100,000

697,746

704,105

Current assets

Debtors

65,171

54,302

Cash at bank and in hand

1,083

65,251

55,385

Creditors: amounts falling due within one year

(41,198)

(41,096)

Net current assets

24,053

14,289

Total assets less current liabilities

721,799

718,394

Creditors: amounts falling due after more than one year

(289,092)

(312,135)

432,707

406,259

Capital and reserves

Called up share capital

100,000

Profit and loss account

332,707

306,259

Shareholders' funds

432,707

406,259

PENDLE VIEW HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2016

- 3 -

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 July 2017

Mr M Melville

Mrs S E Reynolds

Director

Company Registration No. 06883686

PENDLE VIEW HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for rental income.rental income.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

1% straight-line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

1.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PENDLE VIEW HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 5 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 September 2015 & at 31 August 2016

635,903

100,000

735,903

Depreciation

At 1 September 2015

31,798

Charge for the year

6,359

At 31 August 2016

38,157

Net book value

At 31 August 2016

597,746

100,000

697,746

At 31 August 2015

604,105

100,000

704,105

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Pendle View Nursery Limited

United Kingdom

£1 ordinary

100.00

Little Inventors Limited

United Kingdom

£1 ordinary A

90.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Pendle View Nursery Limited

Childrens nursery

219,131

59,463

Little Inventors Limited

Childrens nursery

33,162

33,062

Share capital

2016

2015

Allotted, called up and fully paid

100,000 Ordinary of £1 each

100,000