Pathright Limited - Accounts to registrar - small 17.2

Pathright Limited - Accounts to registrar - small 17.2

PATHRIGHT LIMITED - Company Information

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REGISTERED NUMBER: 02785967 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PATHRIGHT LIMITED

PATHRIGHT LIMITED (REGISTERED NUMBER: 02785967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PATHRIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: Mrs J B Pattinson



SECRETARY: J Hodd



REGISTERED OFFICE: The Copse
Cann Lane
Appleton
Warrington
Cheshire
WA4 5NF



REGISTERED NUMBER: 02785967 (England and Wales)



ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL



SOLICITORS: Forshaws Davies Ridgway
21 Bold Street
Warrington
Cheshire
WAC 1DE
Page 1
PATHRIGHT LIMITED (REGISTERED NUMBER: 02785967)

BALANCE SHEET
31 DECEMBER 2016

31/12/16 31/12/15
Notes £    £    £    £   
FIXED ASSETS
Investments 3 1,505,754 1,505,754

CURRENT ASSETS
Debtors 4 279,465 279,341
Cash in hand 1 1
279,466 279,342
NET CURRENT ASSETS 279,466 279,342
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,785,220
1,785,096

CAPITAL AND RESERVES
Called up share capital 892,610 892,610
Capital redemption reserve 5 892,610 892,610
Retained earnings 5 - (124 )
SHAREHOLDERS' FUNDS 1,785,220 1,785,096

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 director acknowledges her 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 director on 25 August 2017 and were signed by:





Mrs J B Pattinson - Director


The notes form part of these financial statements

Page 2
PATHRIGHT LIMITED (REGISTERED NUMBER: 02785967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Pathright 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.

Group accounts
The company is exempt from preparing group accounts on the grounds that it is a small group as defined by the
Companies Act 1985. The financial statements therefore present information about the company only and not
about it's group.

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2016
and 31 December 2016 1,785,218
PROVISIONS
At 1 January 2016
and 31 December 2016 279,464
NET BOOK VALUE
At 31 December 2016 1,505,754
At 31 December 2015 1,505,754

These investments represent the whole issued share capital of High Row Storage Limited.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Amounts due from subsidiary undertaking 279,465 279,341

5. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2016 (124 ) 892,610 892,486
Profit for the year 75,124 75,124
Dividends (75,000 ) (75,000 )
At 31 December 2016 - 892,610 892,610

Page 3 continued...
PATHRIGHT LIMITED (REGISTERED NUMBER: 02785967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

6. RELATED PARTY DISCLOSURES

During the year the company received dividends of £75,124 (2015 - £100,000) from its 100% subsidiary, High
Row Storage Limited. The amount due from High Row Storage Limited as at 31 December 2016 was £279,465
(2015 - £279,341).

7. CONTROLLING PARTY

The company is controlled by the director, Mrs J B Pattinson, by virtue of her beneficial interest in 89% of the
company's ordinary share capital.

Page 4