Abbreviated Company Accounts - PENWERRIS INVESTMENTS LIMITED

BILL BANNISTER SALES & LETTINGS LIMITED - Company Information

02228865 PENWERRIS INVESTMENTS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02228865 2013-04-01 2014-03-31 02228865 2014-03-31 02228865 2013-03-31 02228865 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02228865 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02228865

PENWERRIS INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2014

PENWERRIS INVESTMENTS LIMITED Registered Number 02228865

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	75,000	-
Tangible assets	3	4,547	3,589
		79,547	3,589
Current assets
Debtors		24,876	68,200
Cash at bank and in hand		51,810	35,121
		76,686	103,321
Creditors: amounts falling due within one year		(76,695)	(31,916)
Net current assets (liabilities)		(9)	71,405
Total assets less current liabilities		79,538	74,994
Provisions for liabilities		(410)	(410)
Total net assets (liabilities)		79,128	74,584
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		79,028	74,484
Shareholders' funds		79,128	74,584

For the year ending 31 March 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 30 December 2014

And signed on their behalf by:
W BANNISTER, Director

PENWERRIS INVESTMENTS LIMITED Registered Number 02228865

Notes to the Abbreviated Accounts for the period ended 31 March 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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers of the property letting and estate agency.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Furniture and equipment 20% on a reducing balance basis

2Intangible fixed assets

	£
Cost
At 1 April 2013	-
Additions	75,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	75,000
Amortisation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	75,000
At 31 March 2013	-

Goodwill in respect of the Estate Agency business acquired from the Director Mr W Bannister.

3Tangible fixed assets

	£
Cost
At 1 April 2013	17,785
Additions	1,886
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	19,671
Depreciation
At 1 April 2013	14,196
Charge for the year	928
On disposals	-
At 31 March 2014	15,124
Net book values
At 31 March 2014	4,547
At 31 March 2013	3,589

4Called Up Share Capital
Allotted, called up and fully paid:

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