P.i.g. Estates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04358893 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

P.i.g. Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I McDonald

G A Hornsby

SECRETARY:

G A Hornsby

REGISTERED OFFICE:

Abbotsford Road

Felling

Gateshead

NE10 0HJ

REGISTERED NUMBER:

04358893 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

3,026

3,783

Investment property

5

583,954

583,954

586,980

587,737

CURRENT ASSETS

Debtors

6

24,817

26,770

Cash at bank

79,333

76,140

104,150

102,910

CREDITORS

Amounts falling due within one year

7

276,145

279,369

NET CURRENT LIABILITIES

(171,995

)

(176,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

414,985

411,278

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

414,983

411,276

SHAREHOLDERS' FUNDS

414,985

411,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 29 November 2017 and were signed on its behalf by:

G A Hornsby - Director

1.	STATUTORY INFORMATION

P.i.g. Estates Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Investment property

Investment property is included in the balance sheet at open market 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 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.

Transition to frs 102

The entity transitioned from previous UK GAAP to FRS 102 at at 1 May 2015. Details of how FRS 102 has

affected the reported financial position and financial performance is given in the notes to the financial

statements.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2016

and 30 April 2017

58,122

DEPRECIATION

At 1 May 2016

54,339

Charge for year

757

At 30 April 2017

55,096

NET BOOK VALUE

At 30 April 2017

3,026

At 30 April 2016

3,783

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2016

and 30 April 2017

583,954

NET BOOK VALUE

At 30 April 2017

583,954

At 30 April 2016

583,954

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

24,817

26,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

1,700

1,700

Tax

1,110

4,203

Loan accounts

260,000

260,000

Accrued expenses

13,335

13,466

276,145

279,369

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

2

Ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 May 2016

411,276

Profit for the year

3,707

At 30 April 2017

414,983