Pramen Properties Limited - Accounts to registrar (filleted) - small 18.2

Pramen Properties Limited - Accounts to registrar (filleted) - small 18.2

PRAMEN PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 00903559 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

PRAMEN PROPERTIES LIMITED
PRAMEN PROPERTIES LIMITED (REGISTERED NUMBER: 00903559)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRAMEN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: Mrs J S Fairey
Mrs S L Trent





SECRETARY: G P Beales





REGISTERED OFFICE: 3 North Hill
Colchester
Essex
CO1 1DZ





REGISTERED NUMBER: 00903559 (England and Wales)





ACCOUNTANTS: Baker Chapman & Bussey
Chartered Accountants
3 North Hill
Colchester
Essex
CO1 1DZ
Page 1
PRAMEN PROPERTIES LIMITED (REGISTERED NUMBER: 00903559)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 225,000 225,000

CURRENT ASSETS
Debtors 4 1,117 4,716
Cash at bank 22,599 19,006
23,716 23,722
CREDITORS
Amounts falling due within one year 5 3,968 8,682
NET CURRENT ASSETS 19,748 15,040
TOTAL ASSETS LESS CURRENT
LIABILITIES
244,748
240,040

PROVISIONS FOR LIABILITIES 34,103 34,266
NET ASSETS 210,645 205,774

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 6 185,608 185,608
Retained earnings 23,037 18,166
210,645 205,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 January 2019 and were signed on its behalf by:





Mrs S L Trent - Director


The notes form part of these financial statements

Page 2
PRAMEN PROPERTIES LIMITED (REGISTERED NUMBER: 00903559)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018


1. STATUTORY INFORMATION

Pramen Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2017
and 31 July 2018 225,000
NET BOOK VALUE
At 31 July 2018 225,000
At 31 July 2017 225,000

The investment property was valued on an open market basis on 31st July 2017 by the directors.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,117 4,716

Page 3
PRAMEN PROPERTIES LIMITED (REGISTERED NUMBER: 00903559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 1,104 1,929
Other creditors 2,864 6,753
3,968 8,682

6. RESERVES
Fair
value
reserve
£   
At 1 August 2017
and 31 July 2018 185,608

Page 4