REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
FOR |
|
PROPERTY LAND LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
FOR |
|
PROPERTY LAND LIMITED |
PROPERTY LAND LIMITED (REGISTERED NUMBER: 03102994) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 | to | 4 |
PROPERTY LAND LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
|
PROPERTY LAND LIMITED (REGISTERED NUMBER: 03102994) |
|
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investment property | 3 |
|
|
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Revaluation reserve |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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 were approved by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
PROPERTY LAND LIMITED (REGISTERED NUMBER: 03102994) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of investment properties and in accordance with the Financial Reporting Standard for |
Smaller Entities (Effective January 2015). |
|
Turnover |
Turnover represents invoiced rents receivable. |
|
Tangible fixed assets |
|
|
Plant and machinery etc | - |
|
|
Investment properties |
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), |
some of the company's properties are held for long-term investment and are included in the Balance |
Sheet at their open market values. The surpluses or deficits on annual revaluation of such properties |
are transferred to the investment property revaluation reserve. Depreciation is not provided in respect |
of freehold investment properties. |
|
The policy represents a departure from the Companies Act 2006, which requires depreciation to be |
provided on all fixed assets. The directors consider that this policy is necessary in order that the |
financial statements may give a true and fair view because current values and changes in current |
values are of prime importance rather than the calculation of systematic annual depreciation. |
Depreciation is only one of many factors reflected in the annual valuation and the amount which might |
otherwise have been shown cannot be separately identified or quantified. |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 October 2015 |
and 30 September 2016 |
|
DEPRECIATION |
At 1 October 2015 |
and 30 September 2016 |
|
NET BOOK VALUE |
At 30 September 2016 |
|
At 30 September 2015 |
|
|
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 October 2015 |
and 30 September 2016 |
|
NET BOOK VALUE |
At 30 September 2016 |
|
At 30 September 2015 |
|
PROPERTY LAND LIMITED (REGISTERED NUMBER: 03102994) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
5. | CONTROLLING PARTY |
|
The company is controlled by its three directors. |