Abbreviated Company Accounts - PARTNERS ON DEMAND LIMITED

PARTNERS ON DEMAND LIMITED - Company Information

03774492 PARTNERS ON DEMAND LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 03774492 2013-06-01 2014-05-31 03774492 2014-05-31 03774492 2013-05-31 03774492 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 03774492 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 03774492

PARTNERS ON DEMAND LIMITED

Abbreviated Accounts

31 May 2014

PARTNERS ON DEMAND LIMITED Registered Number 03774492

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	330,920	181,099
		330,920	181,099
Current assets
Debtors		1,222	1,547
Cash at bank and in hand		13,328	162,365
		14,550	163,912
Creditors: amounts falling due within one year		(7,491)	(10,678)
Net current assets (liabilities)		7,059	153,234
Total assets less current liabilities		337,979	334,333
Total net assets (liabilities)		337,979	334,333
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		337,879	334,233
Shareholders' funds		337,979	334,333

For the year ending 31 May 2014 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 accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 December 2014

And signed on their behalf by:
Avril Diane Inglis, Director

PARTNERS ON DEMAND LIMITED Registered Number 03774492

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at the following rates in order to write off the cost less expected residual value of each asset over its estimated life:
Computer Equipment - 40% on cost
Fixtures and equipment - 25% on cost
The long lease hold property is treated in the financial statements as an investment property in accordance with Standard Accounting Practice 19. No depreciation has been provided in respect of the leasehold investment property as the lease had over 20 years to run at balance sheet date.
The valuation of the long leasehold property was estimated by the directors as being £225,000 at the balance sheet date

2Tangible fixed assets

	£
Cost
At 1 June 2013	192,816
Additions	150,000
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	342,816
Depreciation
At 1 June 2013	11,717
Charge for the year	179
On disposals	-
At 31 May 2014	11,896
Net book values
At 31 May 2014	330,920
At 31 May 2013	181,099

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100