Index Property Information Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07161499 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Index Property Information Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountant

7

DIRECTORS:

S P Lucking

Mrs A M Lucking

D C S Staple

Mrs L J Staple

REGISTERED OFFICE:

Santa Maria

Anchor Lane, The Heath

Dedham

Colchester

Essex

CO7 6BX

REGISTERED NUMBER:

07161499 (England and Wales)

ACCOUNTANT:

Dedham Accountancy & Taxation Services Limited

t/a R J Woods & Co

Santa Maria

Anchor Lane, The Heath

Dedham

Colchester

Essex

CO7 6BX

FIXED ASSETS

Tangible assets

4

676

3,249

CURRENT ASSETS

Debtors

5

26,272

24,180

Cash at bank and in hand

2

62

26,274

24,242

CREDITORS

Amounts falling due within one year

6

283,407

263,013

NET CURRENT LIABILITIES

(257,133

)

(238,771

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(256,457

)

(235,522

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(256,557

)

(235,622

)

SHAREHOLDERS' FUNDS

(256,457

)

(235,522

)

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 29 December 2017 and were signed on its behalf by:

D C S Staple - Director

1.	STATUTORY INFORMATION

Index Property Information 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these

accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting

Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling (£).

The directors have confirmed that they have received assurances from the controlling party and other creditors that they will

continue to financially support the company and do not intend to withdraw such support in the foreseeable future. On this

basis the directors consider that it is appropriate to prepare the accounts on a going concern basis.

The preparation of financial statements in compliance with FRS 102, Section 1A requires the use of certain critical

accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue

can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding

discounts rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is

recognised:

Sale of goods and services:

Revenue from the sale of goods and services s recognised when the company has transferred the

significant risks and rewards of ownership to the buyer, which is usually on the shipment of the goods, or on

the completion of the provision of services.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated

impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and

condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives,

using the straight line method.

Depreciation is provided on the following basis:

Plant and machinery etc - 25% on cost

Motor vehicles - 25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate,

or if there is an indication of a significant change since the last reporting date.

Gains or losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the

Income Statement.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item

recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by

the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the

balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances

have been met.

Deferred tax balances are not recognised in respect of permanent timing differences except in respect of business

combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax

deductions available for them and the differences between fair values of liabilities acquired and the amount that will be

assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the

reporting date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over

the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the

lease term, unless another systematic basis is representative of the time pattern of the company's benefit from the use of the

leased asset.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more

than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of

acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at

fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

27,456

Disposals

(21,828

)

At 31 March 2017

5,628

DEPRECIATION

At 1 April 2016

24,207

Charge for year

739

Eliminated on disposal

(19,994

)

At 31 March 2017

4,952

NET BOOK VALUE

At 31 March 2017

676

At 31 March 2016

3,249

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

3,017

10,828

Amounts owed by group undertakings

23,255

12,708

Other debtors

-

644

26,272

24,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Bank loans and overdrafts

22,526

21,082

Trade creditors

64

10,105

Amounts owed to group undertakings

221,460

188,624

Taxation and social security

33,977

37,880

Other creditors

5,380

5,322

283,407

263,013

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.17

31.3.16

£

Within one year

1,642

Between one and five years

821

2,463

4,105

8.	RELATED PARTY DISCLOSURES AND CONTROLLING PARTY

The company qualifies for the exemption, within FRS 102, not to disclose related party transactions with wholly owned

members of the group. As the company is a wholly owned subsidiary of Index PI Group Limited, no transactions have been

disclosed with this company or other wholly owned subsidiaries.

Dividends paid in the year include £nil (2016: £16,000) paid to the Controlling Party.

The Controlling Party is Index PI Group Limited. A company which is owned and controlled by the directors of that

company, however no one person has ultimate control.

The Registered Office of the controlling party is at Santa Maria, Anchor Lane, The Heath, Dedham, Colchester, Essex,

CO7 6BX.

9.	TRANSITION TO FRS 102

The policies applied under the company's previous accounting framework are not materially different to Section 1A FRS

102 and have not impacted on equity or profit and loss.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Index

Property Information Limited for the year ended 31 March 2017 as set out on pages 3 - 9 from the company's accounting records

and from information and explanations you have given us.

As a practising member of the Association of Accounting Technicians, we are subject to its ethical and other professional

requirements which are detailed at www.aat.org.uk.

This report is made solely to the Board of Directors of Index Property Information Limited, as a body, in accordance with the terms

of our engagement letter dated 1 March 2010. Our work has been undertaken solely to prepare for your approval the accounts of

Index Property Information Limited and state those matters that we have agreed to state to the Board of Directors of Index Property

Information Limited, as a body in this report, in accordance with the requirements of the Association of Accounting Technicians as

detailed at www.aat.org.uk. To the fullest extent permitted by law we do not accept or assume responsibility to anyone other than

Index Property Information Limited and its Board of Directors as a body for our work or for this report.

On behalf of the board, you have acknowledged that it is your duty to ensure that the company has kept adequate accounting records

and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Index

Property Information Limited. You consider that the company is exempt from the statutory audit requirement for the year ended 31

March 2017.

We have not been instructed to carry out an audit or review of the accounts of Index Property Information Limited. For this reason

we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us

and we do not, therefore, express any opinion on the statutory accounts.

Dedham Accountancy & Taxation Services Limited

t/a R J Woods & Co

Santa Maria

Anchor Lane, The Heath

Dedham

Colchester

Essex

CO7 6BX

29 December 2017

Index Property Information Limited - Accounts to registrar (filleted) - small 17.3

Index Property Information Limited - Accounts to registrar (filleted) - small 17.3