PLP Property Consultants Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05177184 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

PLP Property Consultants Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P J L Mayes

P J J Mayes

J P Ellis-Smith

SECRETARY:

P J L Mayes

REGISTERED OFFICE:

Cheviot House

41 Bath Road

Swindon

Wiltshire

SN1 3AS

REGISTERED NUMBER:

05177184 (England and Wales)

ACCOUNTANTS:

David Starbuck

609 Delta Business Park

Welton Road

Swindon

Wiltshire

SN5 7XF

The following reproduces the text of the report prepared for the directors and members in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of PLP Property Consultants Limited for the year ended 31 December 2016 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PLP Property Consultants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PLP Property Consultants Limited and state those matters that we have agreed to state to the Board of Directors of PLP Property Consultants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PLP Property Consultants Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PLP Property Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PLP Property Consultants Limited. You consider that PLP Property Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PLP Property Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

David Starbuck

609 Delta Business Park

Welton Road

Swindon

Wiltshire

SN5 7XF

29 September 2017

FIXED ASSETS

Intangible assets

4

4,057

6,336

Tangible assets

5

26,801

41,149

30,858

47,485

CURRENT ASSETS

Stocks

5,700

5,700

Debtors

6

139,050

169,488

Cash at bank and in hand

37,527

107,653

182,277

282,841

CREDITORS

Amounts falling due within one year

7

209,771

299,673

NET CURRENT LIABILITIES

(27,494

)

(16,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,364

30,653

CREDITORS

Amounts falling due after more than one year

8

7,883

16,150

NET (LIABILITIES)/ASSETS

(4,519

)

14,503

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(5,519

)

13,503

SHAREHOLDERS' FUNDS

(4,519

)

14,503

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 29 September 2017 and were signed on its behalf by:

P J L Mayes - Director

1.	STATUTORY INFORMATION

PLP Property Consultants 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

22,790

AMORTISATION

At 1 January 2016

16,454

Amortisation for year

2,279

At 31 December 2016

18,733

NET BOOK VALUE

At 31 December 2016

4,057

At 31 December 2015

6,336

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

15,363

58,031

73,394

DEPRECIATION

At 1 January 2016

5,288

26,957

32,245

Charge for year

2,674

11,674

14,348

At 31 December 2016

7,962

38,631

46,593

NET BOOK VALUE

At 31 December 2016

7,401

19,400

26,801

At 31 December 2015

10,075

31,074

41,149

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

120,539

154,738

Other debtors

18,511

14,750

139,050

169,488

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

37,026

56,019

Hire purchase contracts

8,267

8,267

Trade creditors

35,622

173,225

Taxation and social security

69,670

44,232

Other creditors

59,186

17,930

209,771

299,673

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

7,883

16,150

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdrafts

32,026

37,035

Bank loans

5,000

18,984

Hire purchase contracts

16,150

24,417

53,176

80,436

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by P J L Mayes, who beneficially owns 100% of the issued share capital.