68 Property Management Limited - Limited company - abbreviated - 11.9

68 Property Management Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 09152793(England and Wales)





















Abbreviated Unaudited Accounts

for the Period

30 July 2014 to 31 December 2015

for

68 Property Management Limited

68 Property Management Limited (Registered number: 09152793)






Contents of the Abbreviated Accounts
for the Period 30 July 2014 to 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

68 Property Management Limited

Company Information
for the Period 30 July 2014 to 31 December 2015







DIRECTORS: A E Frost
E J Gray





REGISTERED OFFICE: 33 Short Walk
Butley, Woodbridge
Suffolk
IP12 3NU





REGISTERED NUMBER: 09152793(England and Wales)





ACCOUNTANTS: Pinfold & Co
Chartered Accountants
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

68 Property Management Limited (Registered number: 09152793)

Abbreviated Balance Sheet
31 December 2015

Notes £    £   
FIXED ASSETS
Investment property 2 75,929

CURRENT ASSETS
Debtors 56
Cash in hand 2
58
CREDITORS
Amounts falling due within one year 74,529
NET CURRENT LIABILITIES (74,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,458

CAPITAL AND RESERVES
Called up share capital 3 3
Profit and loss account 1,455
SHAREHOLDERS' FUNDS 1,458

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 21 March 2016and were signed on its behalf by:





E J Gray- Director


68 Property Management Limited (Registered number: 09152793)

Notes to the Abbreviated Accounts
for the Period 30 July 2014 to 31 December 2015

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
The turnover represents net invoiced sales of services, excluding value added tax, arising from rental income.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events that result in an obligation to pay more tax in the future, or a right to pay
less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the
company’s taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing
differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

2. INVESTMENT PROPERTY
Total
£   
COST
Additions 75,929
At 31 December 2015 75,929
NET BOOK VALUE
At 31 December 2015 75,929

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1
2 'A' Ordinary £1 2
3

The following shares were allotted and fully paid for cash at par during the period:

1Ordinary shares of £1 each
2'A' Ordinary shares of £1 each