01 Property Investment Ltd - Limited company - abbreviated - 11.9

01 Property Investment Ltd - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 06291865(England and Wales)















01 Property Investment Ltd

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015






01 Property Investment Ltd (Registered number: 06291865)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

01 Property Investment Ltd

Company Information
for the Year Ended 30 June 2015







DIRECTORS: M G Lower
Mrs G E Lower





SECRETARY: M G Lower





REGISTERED OFFICE: The Old Factory
30-31 Devonshire Place
Brighton
East Sussex
BN2 1QB





REGISTERED NUMBER: 06291865(England and Wales)





ACCOUNTANTS: M Goddard & Co
Chartered Accountants
69 Tupwood Lane
Caterham
Surrey
CR3 6DD

01 Property Investment Ltd (Registered number: 06291865)

Abbreviated Balance Sheet
30 June 2015

30.6.15 30.6.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,945,558 6,107,473

CURRENT ASSETS
Debtors 1,760 1,930
Cash at bank 5,713 6,507
7,473 8,437
CREDITORS
Amounts falling due within one year 1,268,537 1,704,816
NET CURRENT LIABILITIES (1,261,064 ) (1,696,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,684,494

4,411,094

CREDITORS
Amounts falling due after more than one
year

3

(1,908,645
)
(2,355,478
)

PROVISIONS FOR LIABILITIES (1,685 ) (4,564 )
NET ASSETS 4,774,164 2,051,052

CAPITAL AND RESERVES
Called up share capital 4 2 2
Revaluation reserve 3,912,096 1,538,240
Profit and loss account 862,066 512,810
SHAREHOLDERS' FUNDS 4,774,164 2,051,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

01 Property Investment Ltd (Registered number: 06291865)

Abbreviated Balance Sheet - continued
30 June 2015


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 14 January 2016and were signed on its behalf by:





M G Lower- Director


01 Property Investment Ltd (Registered number: 06291865)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
Turnover represents rents receivable and associated charges made to tenants, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on cost and 25% on reducing balance

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Investment properties
All the companies properties are investment properties and in accordance with Statement of Standard Accounting
Practice No. 19 investment properties are not depreciated. These properties are shown on the balance sheet at
their open market value and the difference between this and cost is transferred to the revaluation reserve.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 July 2014 6,135,163
Additions 9,500
Disposals (700,000 )
Revaluations 2,545,500
At 30 June 2015 7,990,163
DEPRECIATION
At 1 July 2014 27,690
Charge for year 16,915
At 30 June 2015 44,605
NET BOOK VALUE
At 30 June 2015 7,945,558
At 30 June 2014 6,107,473

01 Property Investment Ltd (Registered number: 06291865)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2015

3. CREDITORS

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

30.6.15 30.6.14
£    £   
Repayable by instalments 1,473,200 1,807,202

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.15 30.6.14
value: £    £   
1 Ordinary £1 2 2

5. ULTIMATE PARENT COMPANY

01 Property Group Limited is the ultimate parent company.