Accounts filed on 31-03-2017

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			Company registration number:			08004646
PATERNOSTER INVESTMENTS LTD
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2017

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PATERNOSTER INVESTMENTS LTD
BALANCE SHEET
AS AT 31 March 2017
					2017				2016
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			2,853				3,410
Investments				4			3,062				3,062
							5,915				6,472
CURRENT ASSETS
Debtors					29,094				68,900
Cash at bank and in hand					31,771				4,269
					60,865				73,169
CREDITORS
Amounts falling due within one year					(65,836)				(79,492)
NET CURRENT ASSETS							(4,971)				(6,323)
TOTAL ASSETS LESS
CURRENT LIABILITIES							944				149
NET ASSETS							944				149
CAPITAL AND RESERVES
Called-up equity share capital							106				106
Profit and loss account							838				43
SHAREHOLDERS FUNDS							944				149
For the year ending 31 March 2017 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 23 November 2017 and signed on its behalf.
All members have consented to the preparation of these abridged financial statements.
..........................................................................
C Baker - Director
23 November 2017
The annexed notes form part of these financial statements.

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PATERNOSTER INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Investments

Investments are stated at their market value at the year end. The market value of quoted securities is based on the middle market quotation on the relevant Stock Exchange. Other securities are valued by the trustees at the year end.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and Fittings - 20 % per annum of cost

Motor Vehicles - 20% per annum of cost

2.

Employees

The average number of persons employed by the company (including directors during the year was 2 (2016 : 2).

3.	Tangible fixed assets
				Total
	Cost
	At start of period			5,848
	Additions			766
	At end of period			6,614
	Depreciation
	At start of period			2,438
	Provided during the period			1,323
	At end of period			3,761
	Net Book Value
	At start of period			3,410
	At end of period			2,853

4.	Fixed asset investments
				Total
	Cost
	At start of period			3,062
	At end of period			3,062
	Carrying amount:
	At start of period			3,062
	At end of period			3,062

5.	Debtors
	Other Debtors was a long term loan to Apex Performance Bike Ltd. The company was dissolved on the 24th January 2017 without repaying this loan. The loan was subsequently written off by the company. During the year the company made loans to Epic Taverns Limited during its start up period. These loans totalled £19,433 at 31 March 2017. Mr Baker is a shareholder and director of both companies.

6.

Directors' advances, credits and guarantees

At 31 March 2017, Mr C Baker, director, was owed £61,406 (2016 - £72,526). This is an interest-free loan which is repayable on demand.