Pangbourne & Goring Properties Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05776886 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

PANGBOURNE & GORING

PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs S McLaughlin

B McLaughlin

SECRETARY:

B McLaughlin

REGISTERED OFFICE:

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

REGISTERED NUMBER:

05776886 (England and Wales)

ACCOUNTANTS:

Garbetts (IOW) Limited

Exchange House

St Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

3

292

390

Investment property

4

2,025,545

1,725,000

2,025,837

1,725,390

CURRENT ASSETS

Debtors

5

319

350

Cash at bank

59,252

47,062

59,571

47,412

CREDITORS

Amounts falling due within one year

6

659,790

653,907

NET CURRENT LIABILITIES

(600,219

)

(606,495

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,425,618

1,118,895

CREDITORS

Amounts falling due after more than one year

7

(981,510

)

(681,510

)

PROVISIONS FOR LIABILITIES

(58

)

(104

)

NET ASSETS

444,050

437,281

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

348,574

348,574

Retained earnings

95,474

88,705

444,050

437,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 September 2017 and were signed on its behalf by:

B McLaughlin - Director

1.	STATUTORY INFORMATION

Pangbourne & Goring Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

924

DEPRECIATION

At 1 May 2016

534

Charge for year

98

At 30 April 2017

632

NET BOOK VALUE

At 30 April 2017

292

At 30 April 2016

390

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2016

1,725,000

Additions

300,545

At 30 April 2017

2,025,545

NET BOOK VALUE

At 30 April 2017

2,025,545

At 30 April 2016

1,725,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

319

350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Payments on account

3,199

-

Taxation and social security

4,184

1,846

Other creditors

652,407

652,061

659,790

653,907

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

981,510

681,510

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

981,510

681,510

8.

RESERVES

Revaluation

reserve

£

At 1 May 2016

and 30 April 2017

348,574