For the year ended 23 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 00740136
Pollmount Limited
For the year ended 23 December 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Pollmount Limited
Accountants' Report
For the year ended 23 December 2015
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Pollmount Limited for the year ended
23
December
2015
which comprise the Profit and Loss Account
,
|
the Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Pollmount Limited
,
as a body
,
in accordance with the terms
|
of our engagement letter dated
23
March
2000
.
Our work has been undertaken solely to prepare for your approval
|
the accounts of Pollmount Limited and state those matters that we have agreed to state to the Board of Directors of
|
Pollmount Limited
,
as a body
,
in this report in accordance with the requirements of the Association of Chartered
|
Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by
|
law
,
we do not accept or assume responsibility to anyone other than Pollmount Limited and its Board of Directors
|
as a body for our work or for this report
.
|
It is your duty to ensure that Pollmount Limited has kept adequate accounting records and to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Pollmount Limited
.
|
You consider that Pollmount Limited is exempt from the statutory audit requirement for the year
.
|
John R Parkhouse FCCA
332 Hill Lane
Southampton
SO15 7NW
01 September 2016
1 of 4
Notes to the Abbreviated Financial Statements
|
Pollmount Limited
For the year ended 23 December 2015
The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover represents rents receivable.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Investment properties are revalued in full every five years and interim valuations carried out when the directors
|
consider that there has been a material change in value
.
They were professionally revalued in December
2011
and
|
the resulting aggregate surplus or deficit transferred to revaluation reserve
.
Depreciation is provided only on those
|
investment properties which are leasehold and where the unexpired lease term is less than
20
years
.
|
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities
(
effective
|
January
2015
)
,
it is a departure from the general requirement of the Companies Act
2006
for all tangible assets to be
|
depreciated
.
In the opinion of the directors compliance with the Standard is necessary for the financial statements to
|
give a true and fair view
.
Depreciation or amortisation is only one of many factors reflected in the valuation and the
|
amount of this which might otherwise have been charged cannot be separately identified or quantified
.
|
Fixed asset investments are stated at valuation, as unlisted.
3 of 4
Notes to the Abbreviated Financial Statements
|
Pollmount Limited
For the year ended 23 December 2015
3
Fixed asset investments
|
7,029,099
7,029,099
7,029,099
7,029,099
The only fixed asset investments are the Investment Properties, included at valuation.
The only fixed asset investments are the Investment Properties, included at valuation.
Allotted called up and fully paid
|
23/12/2015
23/12/2014
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 4