Preston Properties Limited - Abbreviated accounts 16.3
Preston Properties Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the period |
| 1st October 2015 to 31st March 2017 |
| for |
| Preston Properties Limited |
| Preston Properties Limited (Registered number: 07927300) |
| Contents of the Abbreviated Accounts |
| for the period 1st October 2015 to 31st March 2017 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Preston Properties Limited |
| Company Information |
| for the period 1st October 2015 to 31st March 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Preston Properties Limited (Registered number: 07927300) |
| Abbreviated Balance Sheet |
| 31st March 2017 |
| 2017 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges his 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 were approved by the director on |
| Preston Properties Limited (Registered number: 07927300) |
| Notes to the Abbreviated Accounts |
| for the period 1st October 2015 to 31st March 2017 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Tangible fixed assets |
| Freehold property | - |
| Long leasehold property | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Going concern |
| At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance |
| from the director that companies under his control will continue to give financial support to the company for the |
| twelve months from the date of signing these financial accounts. |
| On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, |
| should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing |
| the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to |
| their realisable amount and provide for any further liabilities which might arise. |
| The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should |
| this basis not continue to be appropriate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st October 2015 |
| and 31st March 2017 |
| DEPRECIATION |
| At 1st October 2015 |
| Charge for period |
| At 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 30th September 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| Preston Properties Limited (Registered number: 07927300) |
| Notes to the Abbreviated Accounts - continued |
| for the period 1st October 2015 to 31st March 2017 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2017 | 2015 |
| £ | £ |
| Repayable by instalments | 130,843 | 146,461 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |