Abbreviated Company Accounts - PRUWAY INVESTMENTS LIMITED

PRUWAY INVESTMENTS LIMITED - Company Information

00977296 PRUWAY INVESTMENTS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00977296 2013-04-01 2014-03-31 00977296 2014-03-31 00977296 2013-03-31 00977296 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00977296 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00977296

PRUWAY INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2014

PRUWAY INVESTMENTS LIMITED Registered Number 00977296

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,900,000	1,900,000
Investments	3	9,112	9,112
		1,909,112	1,909,112
Current assets
Debtors		-	874,217
Cash at bank and in hand		1,532,756	678,412
		1,532,756	1,552,629
Creditors: amounts falling due within one year		(10,607)	(20,421)
Net current assets (liabilities)		1,522,149	1,532,208
Total assets less current liabilities		3,431,261	3,441,320
Total net assets (liabilities)		3,431,261	3,441,320
Capital and reserves
Called up share capital	4	2,100	2,100
Revaluation reserve		1,840,430	1,840,430
Profit and loss account		1,588,731	1,598,790
Shareholders' funds		3,431,261	3,441,320

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 November 2014

And signed on their behalf by:
Sir Martin Sorrell, Director

PRUWAY INVESTMENTS LIMITED Registered Number 00977296

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of the freehold investment land and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Companies Act 2006 and incorporate the results of the company's principal activity which is described in the directors' report and which is continuing.

Tangible assets depreciation policy
The freehold investment land is stated at market value and any surplus on revaluation is credited to the revaluation reserve.

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,900,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,900,000
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	1,900,000
At 31 March 2013	1,900,000

The freehold investment land was revalued at 31 March 2014 by the company's directors on an open market value basis. If this land was not included at valuation, it would be included under the historical cost convention at its original cost of £59,570

3Fixed assets Investments
This comprises listed investments of £9,112 (2013: £9,112)
(Market value £66,818 - 2013: £56,968).

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,100 Ordinary shares of £1 each	2,100	2,100