PRUWAY INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3
PRUWAY INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2017 |
| for |
| PRUWAY INVESTMENTS LIMITED |
| PRUWAY INVESTMENTS LIMITED (Registered number: 00977296) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PRUWAY INVESTMENTS LIMITED |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Quex Road |
| London |
| NW6 4PJ |
| PRUWAY INVESTMENTS LIMITED (Registered number: 00977296) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| PRUWAY INVESTMENTS LIMITED (Registered number: 00977296) |
| Balance Sheet - continued |
| 31 March 2017 |
| 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 by: |
| PRUWAY INVESTMENTS LIMITED (Registered number: 00977296) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Freehold investment land |
| The freehold investment land is stated at market value and any surplus on revaluation is credited to the profit |
| and loss account as non distributable reserve. |
| Investments |
| Fixed asset investments are stated at market value and any gains or losses are recognised through the profit and |
| loss account as fair value. |
| 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 taxation |
| 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Freehold investment land |
| Valuation | £ |
| At 1 April 2016 and 31 March 2017 | 1,900,000 |
| The freehold investment land was revalued at 31 March 2017 by the company's directors on an open market |
| value basis. If this land was not included at valuation, it would be included under the historical cost convention |
| at its original cost of £59,570. |
| PRUWAY INVESTMENTS LIMITED (Registered number: 00977296) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 3. | FIXED ASSET INVESTMENTS |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Listed investments | 91,805 | 85,255 |
| The historical cost of the shares are £5,975 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Directors' loan account | 4,124 | 4,124 |
| Other creditors and accruals | 13,377 | 6,345 |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Deferred tax |
| 6. | RESERVES |
8.1 Freehold investment land | Fair value reserve: Freehold investment land | Deferred tax | Total fair value reserve |
| £ | £ | £ |
| Balance at 1 April 2016 | 1,840,430 | (295,542 | ) | 1,544,888 |
| Deferred tax provision | - | 2,647 | 2,647 |
| Balance at 31 March 2017 | 1,840,430 | (292,895 | ) | 1,547,535 |
8.2 Fixed asset investments | Fair value reserve: Fixed asset investments | Deferred tax | Total fair value reserve |
| £ | £ | £ |
| Balance at 1 April 2016 | 79,280 | (14,914 | ) | 64,366 |
| increase-(decrease) in fair value/ Deferred tax provision | 6,550 | (1,242 | ) | 5,308 |
| 85,830 | (16,156 | ) | 69,674 |
| Total deferred tax/ fair value reserve | (309,051 | ) | 1,617,209 |
| 8.3 Retained earnings: |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Balance at 1 April 2016/ 1 April 2015 | 1,577,638 | 1,580,068 |
| Net profit | (4,914 | ) | (2,430 | ) |
| Balance at 31 March 2017/31 March 2016 | 1,572,724 | 1,577,638 |