Abbreviated Company Accounts - PI PROPERTIES (UK) LIMITED

Abbreviated Company Accounts - PI PROPERTIES (UK) LIMITED

PI PROPERTIES (UK) LIMITED - Company Information

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Registered Number 06106363

PI PROPERTIES (UK) LIMITED

Abbreviated Accounts

28 February 2014

PI PROPERTIES (UK) LIMITED Registered Number 06106363

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 310,334 310,663
310,334 310,663
Current assets
Cash at bank and in hand 2,218 2,679
2,218 2,679
Creditors: amounts falling due within one year (264,498) (196,879)
Net current assets (liabilities) (262,280) (194,200)
Total assets less current liabilities 48,054 116,463
Creditors: amounts falling due after more than one year (39,486) (114,661)
Total net assets (liabilities) 8,568 1,802
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 7,568 802
Shareholders' funds 8,568 1,802
  • For the year ending 28 February 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 26 November 2014

And signed on their behalf by:
Ian Houghton, Director

PI PROPERTIES (UK) LIMITED Registered Number 06106363

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the gross invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Land and buildings is not depreciated because it is an investment property
Plant and machinery is depreciated at 20% on a reducing balance basis
Fixtures, fittings and equipment is depreciated at 20% on a reducing balance basis

2Tangible fixed assets
£
Cost
At 1 March 2013 312,525
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2014 312,525
Depreciation
At 1 March 2013 1,862
Charge for the year 329
On disposals -
At 28 February 2014 2,191
Net book values
At 28 February 2014 310,334
At 28 February 2013 310,663