PVG_DESIGN_LIMITED - Accounts

PVG DESIGN LIMITED - Company Information

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Company Registration No. 07946251 (England and Wales)

PVG DESIGN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 MARCH 2016

LB GROUP

Suite E2, 2nd Floor

The Octagon

Middleborough

Colchester

Essex

CO1 1TG

PVG DESIGN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PVG DESIGN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

131

Current assets

Stocks

2,017,005

5,634,941

Debtors

83,500

Cash at bank and in hand

603,858

459,824

2,704,363

6,094,765

Creditors: amounts falling due within one year

(1,443,512)

(1,965,064)

Net current assets

1,260,851

4,129,701

Total assets less current liabilities

1,260,982

4,129,701

Creditors: amounts falling due after more than one year

(4,059,687)

1,260,982

70,014

Capital and reserves

Called up share capital

100

Profit and loss account

1,260,882

69,914

Shareholders' funds

1,260,982

70,014

For the financial Period ended 28 March 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 Period 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 23 August 2017

Mr J C Gledhill

Director

Company Registration No. 07946251

PVG DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 28 MARCH 2016

- 2 -

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 goods and services net of VAT and trade discounts.

1.4

Investments

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

1.5

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Fixed assets

Investments

Cost

At 1 April 2015

Additions

131

At 28 March 2016

131

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

24 QD Ltd

U.K

Ordinary

65.00

38 Cathcart Ltd

U.K

Ordinary

100.00

PVG DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 28 MARCH 2016

Fixed assets

(Continued)

- 3 -

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

24 QD Ltd

Property development

538,347

538,147

38 Cathcart Ltd

Property development

During the period the company acquired a 65% interest in 24 QD Limited, a property development company registered in England & Wales with company number 09669506.

During the period the company also acquired 100% of the share capital in 38 Cathcart Limited, a property development company registered in England & Wales with company number 09890352.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £4,059,687).

Share capital

2016

2015

Allotted, called up and fully paid

50 Ordinary 'A' shares of £1 each

50 Ordinary 'B' shares of £1 each

100