Abbreviated Company Accounts - P.A.E. PROPERTIES LIMITED
Abbreviated Company Accounts - P.A.E. PROPERTIES LIMITED
Registered Number 05654246
P.A.E. PROPERTIES LIMITED
Abbreviated Accounts
28 February 2014
P.A.E. PROPERTIES LIMITED Registered Number 05654246
Abbreviated Balance Sheet as at 28 February 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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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
And signed on their behalf by:
P.A.E. PROPERTIES LIMITED Registered Number 05654246
Notes to the Abbreviated Accounts for the period ended 28 February 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings - Not depreciated.
Other accounting policies
Investment properties, which comprise of properties held for rental, are shown at open market value. Any aggregate surplus or deficit is transferred to the investment revaluation reserve, except where a deficit is deemed permanent when it is taken to the profit and loss account.
No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006 which require all properties to be depreciated is, in the opinion of the director, necessary for the financial statements to show a true and fair view in accordance with applicable accounting standards.
Ultimate parent undertaking
The parent and controlling related party is P.A.E Investments Limited, a company registered in England and Wales.
Mr Paul Anthony Edwards had the ultimate controlling interest by virtue of his controlling shareholding in P.A.E Investments Limited.
£ | |
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Cost | |
At 1 March 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2014 |
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Depreciation | |
At 1 March 2013 |
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Charge for the year |
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On disposals |
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At 28 February 2014 |
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Net book values | |
At 28 February 2014 | 121,467 |
At 28 February 2013 | 121,467 |