Pennine Property Management Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04513410 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2017

for

Pennine Property Management Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V M Robinson

S J Robinson

REGISTERED OFFICE:

7 Grimshaw Street

Burnley

Lancashire

BB11 2AS

REGISTERED NUMBER:

04513410 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,709

4,949

Investments

6

95,090

95,090

98,799

100,039

CURRENT ASSETS

Debtors

62,901

95,020

Cash at bank

5,794

3,615

68,695

98,635

CREDITORS

Amounts falling due within one year

63,566

152,610

NET CURRENT ASSETS/(LIABILITIES)

5,129

(53,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

103,928

46,064

CREDITORS

Amounts falling due after more than one year

(65,000

)

-

PROVISIONS FOR LIABILITIES

(742

)

(990

)

NET ASSETS

38,186

45,074

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

38,184

45,072

38,186

45,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 5 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 June 2017 and were signed on its behalf by:

Mrs V M Robinson - Director

1.	STATUTORY INFORMATION

Pennine Property Management Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 tax

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2016

and 5 April 2017

6,000

AMORTISATION

At 6 April 2016

and 5 April 2017

6,000

NET BOOK VALUE

At 5 April 2017

-

At 5 April 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2016

and 5 April 2017

21,464

DEPRECIATION

At 6 April 2016

16,515

Charge for year

1,240

At 5 April 2017

17,755

NET BOOK VALUE

At 5 April 2017

3,709

At 5 April 2016

4,949

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 6 April 2016

and 5 April 2017

157,605

PROVISIONS

At 6 April 2016

and 5 April 2017

62,515

NET BOOK VALUE

At 5 April 2017

95,090

At 5 April 2016

95,090