Premier Choice Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03972764

Abbreviated Unaudited Accounts

for the Year Ended 13 October 2014

for

Premier Choice Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Jenkins

SECRETARY:

D A Jenkins

REGISTERED OFFICE:

Woodside House

Cockcrow Hill

St Mary's Road

Long Ditton

Surrey

KT6 5HE

REGISTERED NUMBER:

03972764

ACCOUNTANT:

Karen Bowles

Chartered Certified Accountant

Esher Place Lodge

59 More Lane

Esher

Surrey

KT10 8AR

FIXED ASSETS

Tangible assets

2

4,587

6,115

Investments

3

2,545,000

2,055,000

2,549,587

2,061,115

CURRENT ASSETS

Cash at bank

84,405

54,575

CREDITORS

Amounts falling due within one year

68,586

53,573

NET CURRENT ASSETS

15,819

1,002

TOTAL ASSETS LESS CURRENT LIABILITIES

2,565,406

2,062,117

CREDITORS

Amounts falling due after more than one year

4

(853,500

)

(1,283,500

)

PROVISIONS FOR LIABILITIES

(950

)

(1,250

)

NET ASSETS

1,710,956

777,367

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

1,494,701

838,872

Profit and loss account

216,155

(61,605

)

SHAREHOLDERS' FUNDS

1,710,956

777,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 13 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 13 October 2014 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 15 December 2014 and were signed by:

R Jenkins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 14 October 2013

and 13 October 2014

25,415

DEPRECIATION

At 14 October 2013

19,300

Charge for year

1,528

At 13 October 2014

20,828

NET BOOK VALUE

At 13 October 2014

4,587

At 13 October 2013

6,115

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 14 October 2013

2,055,000

Disposals

(165,829

)

Revaluations

655,829

At 13 October 2014

2,545,000

NET BOOK VALUE

At 13 October 2014

2,545,000

At 13 October 2013

2,055,000

4.

CREDITORS

Creditors include an amount of £ 853,500 (13.10.13 - £ 1,283,500 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

13.10.14

13.10.13

value:

£

£

100

Ordinary

£1

100

100