Accounts filed on 30-09-2017

---

			Company registration number:			4289309
PGR DEVELOPMENTS LIMITED
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2017

---

PGR DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT 30 September 2017
					2017				2016
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			625,429				148,829
							625,429				148,829
CURRENT ASSETS
Cash at bank and in hand					1,617				1,617
					1,617				1,617
CREDITORS
Amounts falling due within one year					(626,944)				(150,344)
NET CURRENT ASSETS							(625,327)				(148,727)
TOTAL ASSETS LESS
CURRENT LIABILITIES							102				102
NET ASSETS							102				102
CAPITAL AND RESERVES
Called-up equity share capital							1,500				1,500
Profit and loss account							(1,398)				(1,398)
SHAREHOLDERS FUNDS							102				102
For the year ending 30 September 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 29 June 2018 and signed on its behalf.
..........................................................................
Paul Leggott
29 June 2018
The annexed notes form part of these financial statements.

---

PGR DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

1.

Accounting policies

Statutory information

PGR Developments 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. The presentation currency of the financial statements is the £ sterling.

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. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Financial Instruments

Basic Financial Instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account. Debtors Short term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment. Creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method. Classification of Financial Liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 substantively enacted by the balance sheet date.

2.

Employees

The average number of persons employed by the company (including directors during the year was 3 (2016 : 3).

3.	Tangible fixed assets
				Total
	Cost
	At start of period			148,829
	Additions			476,600
	At end of period			625,429
	Net Book Value
	At start of period			148,829
	At end of period			625,429