POINTEXPORT LIMITED

POINTEXPORT LIMITED

POINTEXPORT LIMITED - Company Information

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POINTEXPORT LIMITED

Company Registration Number:
04411322 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

POINTEXPORT LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

POINTEXPORT LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 692,727 692,727
Investments: 4 490,984 408,288
Total fixed assets: 1,183,711 1,101,015
Current assets
Debtors: 5 192,613 60,014
Cash at bank and in hand: 27,248 19,987
Total current assets: 219,861 80,001
Creditors: amounts falling due within one year: 6 (654,127) (555,235)
Net current assets (liabilities): (434,266) (475,234)
Total assets less current liabilities: 749,445 625,781
Provision for liabilities: (19,614)
Total net assets (liabilities): 729,831 625,781
Capital and reserves
Called up share capital: 3 3
Revaluation reserve:795,76067,353
Profit and loss account: 634,068 558,425
Shareholders funds: 729,831 625,781

The notes form part of these financial statements

POINTEXPORT LIMITED

Balance sheet statements

For the year ending 30 September 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 February 2019
and signed on behalf of the board by:

Name: A J SPERRIN
Status: Director

The notes form part of these financial statements

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

No depreciation is provided in respect of freehold investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment is expected to be permanent, in which case it is recognised in the profit and loss account for the year; andNo depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run

Other accounting policies

Going ConcernNo material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.Basis of PreparationThese financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).TaxationCorporation tax is payable on taxable profits at the current rate of tax.The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operates and generates taxable income.Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.Fixed Asset InvestmentsFixed asset investments comprise listed securities and are initially stated at cost and subsequently included in the balance sheet at market value.

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Employees

2018 2017
Average number of employees during the period 0 0

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Tangible Assets

Total
Cost £
At 01 October 2017 694,884
At 30 September 2018 694,884
Depreciation
At 01 October 2017 2,157
At 30 September 2018 2,157
Net book value
At 30 September 2018 692,727
At 30 September 2017 692,727

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Fixed investments

At 1/10/17 408288Additions 34675Revaluation 48021 At 30/9/18 490984

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

5. Debtors

2018 2017
££
Debtors due after more than one year: 0 0

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

6. Creditors: amounts falling due within one year note

2018 2017Trade creditors - 180Corporation tax 17743 3236 Director's loan account 4612 46305Other loans 619812 492248Accruals 11960 13266 654127 555235

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

7. Revaluation reserve

2018
£
Balance at 01 October 2017 67,353
Surplus or deficit after revaluation 28,407
Balance at 30 September 2018 95,760

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

8. Related party transactions

Name of the related party: D C FARLEY
Relationship:
DIRECTOR
Description of the Transaction: Director's loan account
£
Balance at 01 October 2017 46,305
Balance at 30 September 2018 4,612
Name of the related party: D C and I N FARLEY
Relationship:
DIRECTORS
Description of the Transaction: Additions to listed investments were acquired on arms length terms
£
Balance at 01 October 2017 0
Balance at 30 September 2018 0

POINTEXPORT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

9. Post balance sheet events

There have been no significant events between the year end and the date of approval of these financial statements which would require a change to, or disclosure in, the financial statements.