Company Registration No. 04986964 (England and Wales)
PARDOE PROPERTIES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
PARDOE PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
182,657
182,476
Investments
2
1,021
1,021
183,678
183,497
Current assets
Debtors
4,041
Cash at bank and in hand
39,302
88,689
43,343
88,689
Creditors: amounts falling due within one year
(29,162)
(31,759)
Net current assets
14,181
56,930
Total assets less current liabilities
197,859
240,427
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
197,857
240,425
Shareholders' funds
197,859
240,427
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 December 2015
R Pardoe
Director
Company Registration No. 04986964
PARDOE PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for property consultancy on an accruals basis.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
Fixtures, fittings & equipment
25% straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014
201,138
1,021
202,159
Additions
331
-
331
At 31 March 2015
201,469
1,021
202,490
Depreciation
At 1 April 2014
18,662
-
18,662
Charge for the year
150
-
150
At 31 March 2015
18,812
-
18,812
Net book value
At 31 March 2015
182,657
1,021
183,678
At 31 March 2014
182,476
1,021
183,497
PARDOE PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of of £1 each
2
2
4
Transactions with directors
Included in creditors is the sum of £28,269 (2014 - £6,670) due to the director R Pardoe. There are no terms as to interest or repayment in respect to this balance and at no point did this balance go overdrawn.
5
Ultimate parent company
The company is controlled by the director and sole shareholder R Pardoe.