P & K Properties (UK) Ltd - Accounts to registrar (filleted) - small 17.3

P & K Properties (UK) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Mudd

Mrs K A Mudd

SECRETARY:

Mrs K A Mudd

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

03946112 (England and Wales)

ACCOUNTANTS:

MATTHEWS SUTTON & CO LTD

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

L18 1DG

FIXED ASSETS

Investment property

3

1,650,000

1,350,000

CURRENT ASSETS

Cash at bank

464,177

6,196

CREDITORS

Amounts falling due within one year

4

608,238

146,410

NET CURRENT LIABILITIES

(144,061

)

(140,214

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,505,939

1,209,786

CREDITORS

Amounts falling due after more than one year

5

(604,414

)

(645,809

)

PROVISIONS FOR LIABILITIES

(201,147

)

(141,147

)

NET ASSETS

700,378

422,830

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

700,278

422,730

SHAREHOLDERS' FUNDS

700,378

422,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2017 and were signed on its behalf by:

P Mudd - Director

1.	STATUTORY INFORMATION

P & K Properties (UK) 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

1,350,000

Revaluations

300,000

At 31 March 2017

1,650,000

NET BOOK VALUE

At 31 March 2017

1,650,000

At 31 March 2016

1,350,000

Fair value at 31 March 2017 is represented by:

£

Valuation in 2013

705,736

Valuation in 2017

300,000

Cost

644,264

1,650,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

39,316

38,199

Payments on account

499,350

-

Taxation and social security

9,387

10,625

Other creditors

60,185

97,586

608,238

146,410

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

604,414

645,809

Included in creditors: amount due after more than one year, is £447,149 which is due after 5 years.

6.	ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate

controlling party.