Abbreviated Company Accounts - PRAETORIAN PROPERTIES LTD

PRAETORIAN PROPERTIES LTD - Company Information

06646343 PRAETORIAN PROPERTIES LTD 2013-10-31 false 2012-11-01 2013-10-31 true 06646343 2012-11-01 2013-10-31 06646343 2013-10-31 06646343 2012-10-31 06646343 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 06646343 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 06646343

PRAETORIAN PROPERTIES LTD

Abbreviated Accounts

31 October 2013

PRAETORIAN PROPERTIES LTD Registered Number 06646343

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	8,069,086	6,411,059
		8,069,086	6,411,059
Current assets
Debtors		85,522	4,701
Cash at bank and in hand		75,736	10,899
		161,258	15,600
Creditors: amounts falling due within one year		(268,465)	(328,940)
Net current assets (liabilities)		(107,207)	(313,340)
Total assets less current liabilities		7,961,879	6,097,719
Creditors: amounts falling due after more than one year		(7,553,952)	(5,767,876)
Total net assets (liabilities)		407,927	329,843
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		615,191	590,190
Profit and loss account		(207,364)	(260,447)
Shareholders' funds		407,927	329,843

For the year ending 31 October 2013 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 30 May 2014

And signed on their behalf by:
R Davis, Director

PRAETORIAN PROPERTIES LTD Registered Number 06646343

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold 3 % depreciation been provided for building

2Tangible fixed assets

	£
Cost
At 1 November 2012	6,546,362
Additions	1,658,027
Disposals	-
Revaluations	25,000
Transfers	-
At 31 October 2013	8,229,389
Depreciation
At 1 November 2012	135,303
Charge for the year	25,000
On disposals	-
At 31 October 2013	160,303
Net book values
At 31 October 2013	8,069,086
At 31 October 2012	6,411,059

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

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100