| PLM Property Developments Limited |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| PLM Property Developments Limited |
|
| You consider that the company is exempt from an audit for the year ended 30 April 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| KWK Ltd |
| Chartered Accountants |
|
| 11 Weston Road |
| Southend on Sea |
| Essex |
| SS1 1AS |
|
| 25 November 2014 |
|
| PLM Property Developments Limited |
| Balance Sheet |
| as at 30 April 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
19 |
|
|
25 |
|
| Current assets |
| Debtors |
4 |
|
45,500 |
|
|
45,500 |
| Cash at bank and in hand |
|
|
623 |
|
|
627 |
|
|
|
46,123 |
|
|
46,127 |
|
| Creditors: amounts falling due within one year |
5 |
|
(4,060) |
|
|
(3,760) |
|
| Net current assets |
|
|
|
42,063 |
|
|
42,367 |
|
| Net assets |
|
|
|
42,082 |
|
|
42,392 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
2 |
|
|
2 |
| Profit and loss account |
7 |
|
|
42,080 |
|
|
42,390 |
|
| Shareholders' funds |
|
|
|
42,082 |
|
|
42,392 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Mr P S Magee |
| Director |
| Approved by the board on 25 November 2014 |
|
| PLM Property Developments Limited |
| Notes to the Accounts |
| for the year ended 30 April 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the invoiced value of goods and services supplied by the company. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets, less their residual value, over their estimated useful lives. The principal rate in use in the period was 25% (reducing balance). |
|
|
| 2 |
Operating loss |
2014 |
|
2013 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
6 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and equipment |
| £ |
|
Cost |
|
At 1 May 2013 |
618 |
|
At 30 April 2014 |
618 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2013 |
593 |
|
Charge for the year |
6 |
|
At 30 April 2014 |
599 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2014 |
19 |
|
At 30 April 2013 |
25 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2014 |
|
2013 |
| £ |
£ |
|
|
Trade debtors |
45,500 |
|
45,500 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| £ |
£ |
|
|
Director's account |
3,760 |
|
2,260 |
|
Accruals |
300 |
|
1,500 |
|
|
|
|
|
|
4,060 |
|
3,760 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2014 |
| £ |
|
|
At 1 May 2013 |
42,390 |
|
Loss for the year |
(310) |
|
|
At 30 April 2014 |
42,080 |
|
|
|
|
|
|
|
|
| 8 |
Related parties |
|
|
Mr P and Mrs L Magee |
|
|
The directors Mr and Mrs Magee hold shares which give them each 50% of the voting rights in the company. |
|
There were no material transactions with either director besides the director's loan account, which is disclosed under creditors (note 5). |
|
|
|
|
|
|
2014 |
|
2013 |
| £ |
£ |
|
|
Amount due to Mr and Mrs Magee |
3,760 |
|
2,260 |
|
|
|
|
|
|
|
|
|
|
The maximum amount owed during the year was £3,760 (2013: £2,260). There are no formal terms for repayment other than on demand, and no interest is charged on this loan. |
|
|
|
Plant Theatre Limited |
|
|
The directors Mr and Mrs Magee also hold shares which give them voting rights in another company, Plant Theatre Limited. |
|
During the year the company provided management services to Plant Theatre Limited, with a balance owing at the year end disclosed under debtors (note 4). |
|
|
|
|
|
|
2014 |
|
2013 |
| £ |
£ |
|
|
Plant Theatre Limited |
45,500 |
|
45,500 |
|
|
|
|
|
|
|
|
|
| . |
