Podmore Property Limited - Limited company - abbreviated

REGISTERED NUMBER: 02105101

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

PODMORE PROPERTY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

Mrs J A Fraser

Miss V A Podmore

SECRETARY:

Mrs J Podmore

REGISTERED OFFICE:

18 Church Street

Ashton under Lyne

Lancashire

OL6 6XE

REGISTERED NUMBER:

02105101

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

18 Church Street

Ashton under Lyne

OL6 6XE

BANKERS:

Yorkshire Bank PLC

34 Princes Street

Stockport

Cheshire

SK1 1RE

FIXED ASSETS

Tangible assets

2

325,000

CURRENT ASSETS

Debtors

2,250

-

Cash at bank

90,472

89,021

92,722

89,021

CREDITORS

Amounts falling due within one year

19,239

19,015

NET CURRENT ASSETS

73,483

70,006

TOTAL ASSETS LESS CURRENT
LIABILITIES

398,483

395,006

CAPITAL AND RESERVES

Called up share capital

3

30,000

Revaluation reserve

248,605

Profit and loss account

119,878

116,401

SHAREHOLDERS' FUNDS

398,483

395,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 November 2014 and were signed on its behalf
by:

Mrs J A Fraser - Director

Miss V A Podmore - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced rent.

Tangible fixed assets

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

Freehold buildings No depreciation

The directors have considered the current value of the building, it's ultimate residual value and it's expected

useful life. They consider that any depreciation charge calculation on the buildings would be an insignificant

amount and they therefore do not consider it necessary to provide for depreciation in the accounts.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 September 2013

and 31 August 2014

325,000

NET BOOK VALUE

At 31 August 2014

325,000

At 31 August 2013

325,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

30,000

Ordinary

£1

30,000

4.	ULTIMATE CONTROLLING PARTY

The controlling party's are Miss V A Podmore and Mrs J A Fraser by virtue of their joint ownership of the issued

share capital in the company.

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 August 2014 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hanley & Co

Chartered Accountants

18 Church Street

Ashton under Lyne

OL6 6XE

Date: .............................................

Podmore Property Limited - Limited company - abbreviated - 11.0.0

Podmore Property Limited - Limited company - abbreviated - 11.0.0