Plasmerton Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02738800 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Plasmerton Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A R Harding

P A Birchley

SECRETARY:

A R Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

02738800 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

404,543

434,507

CURRENT ASSETS

Debtors

260,984

533,430

Cash at bank

47,858

6,464

308,842

539,894

CREDITORS

Amounts falling due within one year

360,134

336,810

NET CURRENT (LIABILITIES)/ASSETS

(51,292

)

203,084

TOTAL ASSETS LESS CURRENT LIABILITIES

353,251

637,591

PROVISIONS FOR LIABILITIES

-

55,024

NET ASSETS

353,251

582,567

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

352,251

581,567

SHAREHOLDERS' FUNDS

353,251

582,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2014 and were signed on its behalf by:

A R Harding - Director

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 April 2008).

Turnover

Turnover represents invoiced property rental income.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment properties

The properties are held for long term investment.

The requirement of the Companies Act 2006 is to depreciate all properties. No depreciation has been provided

in respect of investment properties however as this requirement conflicts with the generally accepted accounting

principle set out in SSAP 19(revised).

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

612,333

Additions

46,757

Disposals

(238,000

)

At 30 April 2014

421,090

DEPRECIATION

At 1 May 2013

177,826

Charge for year

20,243

Eliminated on disposal

(181,522

)

At 30 April 2014

16,547

NET BOOK VALUE

At 30 April 2014

404,543

At 30 April 2013

434,507

The investment properties were acquired at cost on various dates. The directors consider these values to be

appropriate at the balance sheet date.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

4.	RELATED PARTY DISCLOSURES

Liabilities payable to related parties at the balance sheet date amounted to:

Pacmicro Limited £2,360 (2013 : £686)

Deben Properties Limited £125,108 (2013: Debtor £115,180)

Debts recoverable from related parties at the balance sheet date amounted to:

Deben Holdings Limited £6,684 (2013 : £184)

Freston Properties Limited £2,556 (2013: £56)

These companies are related by the common control and ownership of A R Harding and P A Birchley. The

outstanding balances have accumulated as a result of recharged expenses incurred throughout this period and

prior years.

Dividends were provided to the Directors of the company of £46,000 (2013: £66,000).

5.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party during this year or the previous year.