Pixcom Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05858878 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

PIXCOM LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Bineth

J Dreyfuss

SECRETARY:

J Silver

REGISTERED OFFICE:

214 Stamford Hill

London

N16 6RA

REGISTERED NUMBER:

05858878 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

2

327,476

CURRENT ASSETS

Cash at bank

-

5,144

CREDITORS

Amounts falling due within one year

3

90,323

101,462

NET CURRENT LIABILITIES

(90,323

)

(96,318

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

237,153

231,158

CREDITORS

Amounts falling due after more than one
year

3

211,012

209,261

NET ASSETS

26,141

21,897

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

26,140

21,896

SHAREHOLDERS' FUNDS

26,141

21,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2015 and were signed on its behalf by:

J Dreyfuss - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Depreciation

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy

results in the financial statements giving true and fair view.

Investment properties

Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with

Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be

stated at current market value.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2013

and 30 June 2014

327,476

NET BOOK VALUE

At 30 June 2014

327,476

At 30 June 2013

327,476

3.

CREDITORS

Creditors include an amount of £ 214,208 (30.6.13 - £ 215,430 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.6.14

30.6.13

£

Repayable by instalments

211,012

209,261

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

1

Ordinary

£1

1

Pixcom Ltd - Limited company - abbreviated - 11.6

Pixcom Ltd - Limited company - abbreviated - 11.6