PCHL Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03010357 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

PCHL Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A L Dunn

H W Dunn

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

03010357 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

Chartered Accountants

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

4

3,607

970,442

Investments

5

40,000

40,001

Investment property

6

949,300

-

992,907

1,010,443

CURRENT ASSETS

Debtors

7

55,423

24,467

Cash at bank

38,314

76,781

93,737

101,248

CREDITORS

Amounts falling due within one year

8

13,259

33,926

NET CURRENT ASSETS

80,478

67,322

TOTAL ASSETS LESS CURRENT LIABILITIES

1,073,385

1,077,765

CREDITORS

Amounts falling due after more than one year

9

-

12,011

NET ASSETS

1,073,385

1,065,754

CAPITAL AND RESERVES

Called up share capital

1,000

180

Capital redemption reserve

20

20

Retained earnings

1,072,365

1,065,554

SHAREHOLDERS' FUNDS

1,073,385

1,065,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 27 September 2017 and were signed on its behalf by:

Mrs A L Dunn - Director

1.	STATUTORY INFORMATION

PCHL Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

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 statement of financial position date.

Fixed asset investments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

1,078,750

18,990

22,350

10,590

1,130,680

Disposals

-

-

(22,350

)

-

(22,350

)

Reclassification/transfer

(1,078,750

)

-

-

-

(1,078,750

)

At 31 December 2016

-

18,990

-

10,590

29,580

DEPRECIATION

At 1 January 2016

129,450

16,563

9,338

4,887

160,238

Charge for year

-

2,405

-

2,118

4,523

Eliminated on disposal

-

-

(9,338

)

-

(9,338

)

Reclassification/transfer

(129,450

)

-

-

-

(129,450

)

At 31 December 2016

-

18,968

-

7,005

25,973

NET BOOK VALUE

At 31 December 2016

-

22

-

3,585

3,607

At 31 December 2015

949,300

2,427

13,012

5,703

970,442

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2016

22,350

Disposals

(22,350

)

At 31 December 2016

-

DEPRECIATION

At 1 January 2016

9,338

Eliminated on disposal

(9,338

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

13,012

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 January 2016

1

40,000

40,001

Disposals

(1

)

-

(1

)

At 31 December 2016

-

40,000

40,000

NET BOOK VALUE

At 31 December 2016

-

40,000

40,000

At 31 December 2015

1

40,000

40,001

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

949,300

At 31 December 2016

949,300

NET BOOK VALUE

At 31 December 2016

949,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

677

Amounts owed by participating interests

-

923

Other debtors

923

1,095

Directors' current accounts

54,500

21,772

55,423

24,467

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

-

1,460

Trade creditors

1,242

892

Tax

8,662

16,939

VAT

2,777

4,118

Other creditors

-

9,178

Accruals and deferred income

578

1,339

13,259

33,926

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

-

12,011

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2016 a director of the company owed the company £54,500 (2015: £21,772).

Advances of £70,264 were made with repayments totalling £37,536.

These loans have no fixed repayment terms and are non interest bearing.

11.	RELATED PARTY DISCLOSURES

The director referred to in the above note is Mrs A L Dunn.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A L Dunn by virtue of her shareholdings.

13.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on:

-

an item of property, plant and equipment;

-

an investment property;

•

to measure investment in subsidiaries, associates and joint ventures at cost determined in accordance with deemed cost;