Presentia Young & Co Limited - Limited company - abbreviated

REGISTERED NUMBER: 00960302 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

PRESENTIA YOUNG & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N J Wright

Mrs S.C Wright

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

00960302 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

2

273

341

Investments

3

4,500

Investment property

4

670,641

675,414

675,482

CURRENT ASSETS

Debtors

-

24

Cash at bank

95,327

88,473

95,327

88,497

CREDITORS

Amounts falling due within one year

5

16,204

24,398

NET CURRENT ASSETS

79,123

64,099

TOTAL ASSETS LESS CURRENT
LIABILITIES

754,537

739,581

CREDITORS

Amounts falling due after more than one
year

5

72,473

76,471

NET ASSETS

682,064

663,110

CAPITAL AND RESERVES

Called up share capital

6

45,165

Capital redemption reserve

8,335

Profit and loss account

628,564

609,610

SHAREHOLDERS' FUNDS

682,064

663,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 13 January 2016 and were signed on its behalf by:

N J Wright - 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).

Preparation of consolidated financial statements

The financial statements contain information about Presentia Young & Co Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & equipment

-

20% on reducing balance

Investment property

Investment properties are included at open market value at the year end.

No depreciation is charged on the investment properties in accordance with SSAP 19. This departure from the

Companies Act 2006, for all assets to be depreciated, is in the opinion of the directors necessary for the accounts

to show a true and fair view in accordance with SSAP 19.

Changes in the value of investment properties are shown as movements in the revaluation reserve. Where

properties are valued at below cost the diminution is written off to the profit and loss account.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Fixed asset investments

Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset

investments are treated as part of the results from ordinary activities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

1,646

DEPRECIATION

At 1 September 2014

1,305

Charge for year

68

At 31 August 2015

1,373

NET BOOK VALUE

At 31 August 2015

273

At 31 August 2014

341

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2014

and 31 August 2015

4,500

NET BOOK VALUE

At 31 August 2015

4,500

At 31 August 2014

4,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Winchester Property Company Limited

Nature of business: Property development

%

Class of shares:

holding

Ordinary £1 shares

100.00

31.8.15

31.8.14

£

Aggregate capital and reserves

1,593

Profit for the year

-

43,789

The Lime Centre Limited

Nature of business: Sale of building lime

%

Class of shares:

holding

Ordinary

100.00

31.8.15

31.3.14

£

Aggregate capital and reserves

276

240

Profit for the year

76,336

95,307

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 September 2014

and 31 August 2015

670,641

NET BOOK VALUE

At 31 August 2015

670,641

At 31 August 2014

670,641

5.

CREDITORS

Creditors include an amount of £ 76,470 (31.8.14 - £ 80,278 ) for which security has been given.

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

31.8.15

31.8.14

£

Repayable by instalments

54,383

59,242

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

45,165

Ordinary

£1

45,165

Presentia Young & Co Limited - Limited company - abbreviated - 11.9

Presentia Young & Co Limited - Limited company - abbreviated - 11.9