Abbreviated Company Accounts - P.E.T. PROPERTIES LIMITED

P.E.T. PROPERTIES LIMITED - Company Information

Registered Number 03343056

P.E.T. PROPERTIES LIMITED

Abbreviated Accounts

31 March 2015

P.E.T. PROPERTIES LIMITED Registered Number 03343056

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	362,020	371,148
		362,020	371,148
Current assets
Debtors		21,208	7,276
Cash at bank and in hand		33,394	54,436
		54,602	61,712
Prepayments and accrued income		352	343
Creditors: amounts falling due within one year		(30,632)	(54,222)
Net current assets (liabilities)		24,322	7,833
Total assets less current liabilities		386,342	378,981
Accruals and deferred income		(1,875)	(1,740)
Total net assets (liabilities)		384,467	377,241
Capital and reserves
Called up share capital		100	100
Profit and loss account		384,367	377,141
Shareholders' funds		384,467	377,241

For the year ending 31 March 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 June 2015

And signed on their behalf by:
J C Taylor, Director

P.E.T. PROPERTIES LIMITED Registered Number 03343056

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the work undertaken by the company, net of returns, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estiamted residual value, over their expected useful economic life as follows:
Freehold Land 0% straight line basis
Buildings 2% straight line basis
Fixtures and fittings 10% straight line basis
Office equipment 20% straight line basis

2Tangible fixed assets

	£
Cost
At 1 April 2014	524,442
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	524,442
Depreciation
At 1 April 2014	153,294
Charge for the year	9,128
On disposals	-
At 31 March 2015	162,422
Net book values
At 31 March 2015	362,020
At 31 March 2014	371,148