Registered Number
:
00740136
|
For the year ended 23 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 23 December 2016
Pollmount Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Pollmount Limited
Statement of Financial Position
23/12/2015
23/12/2016
7,029,099
6,789,099
3
6,789,099
7,029,099
Trade and other receivables
|
5,457,615
5,576,963
4
34,008
Cash and cash equivalents
|
60,996
5,637,959
5,491,623
Trade and other payables
:
amounts falling due within one year
|
(44,950)
(97,887)
5
5,446,673
5,540,072
Net current assets
Total assets less current liabilities
|
12,329,171
12,475,772
12,329,171
Net assets
12,475,772
100
100
4,505,589
4,428,749
6
4,020,363
4,076,259
3,803,119
3,970,664
12,329,171
12,475,772
Shareholders' funds
For the year ended 23 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 23 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 14 March 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 23 December 2016
Pollmount Limited
Notes to the Financial Statements
Statutory Information
Pollmount Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
00740136
.
|
332 Hill Lane
Southampton
Hampshire
England
SO15 7NW
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover represents rents receivable.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a 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 annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
2
.
Property
,
plant and equipment
|
In respect of certain fixed assets stated at valuations
,
the comparable historical cost and depreciation
values are as follows
:
|
2,283,510
Net historical cost value
:
|
2,283,510
2,283,510
2 of 4
For the year ended 23 December 2016
Pollmount Limited
Notes to the Financial Statements Continued
3
.
Investments held as fixed assets
|
7,029,099
7,029,099
(240,000)
(240,000)
6,789,099
6,789,099
6,789,099
6,789,099
7,029,099
7,029,099
The only fixed asset investments are the Investment Properties, included at valuation.
4
.
Trade and other receivables
|
23/12/2015
23/12/2016
41,965
5,154
Amounts owed by group undertakings and participating interests
|
5,534,998
5,452,461
5,457,615
5,576,963
5
.
Trade and other payables
:
amounts falling due within one year
|
23/12/2015
23/12/2016
9,265
7,786
Taxation and social security
|
82,622
22,949
6,000
14,215
97,887
44,950
Revaluation reserve at
24
December
2015
|
4,428,749
Transfer to profit and loss account
|
76,840
4,505,589
Revaluation reserve at
23
December
2016
|
3 of 4
For the year ended 23 December 2016
Pollmount Limited
Notes to the Financial Statements Continued
7
.
Related party transactions
|
K Scott Properties ltd
.
,
a related party and the company
'
s parent company
,
received £
82
,
537
net in the year in advances
|
made to it
. .
|
K Scott Properties Ltd is regarded by the directors as the company
'
s ultimate parent company
|
4 of 4