PPD_(RADFORD_ST)_LIMITED - Accounts

PPD (RADFORD ST) LTD - Company Information

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Company Registration No. 09234617 (England and Wales)

PPD (RADFORD ST) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2015

PPD (RADFORD ST) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PPD (RADFORD ST) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

Notes

Current assets

Debtors

1,927,445

Creditors: amounts falling due within one year

(1,049,516)

Total assets less current liabilities

877,929

Capital and reserves

Called up share capital

Profit and loss account

877,928

Shareholders' funds

877,929

For the financial period ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 April 2016

Ian Seddon

Director

Company Registration No. 09234617

PPD (RADFORD ST) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Revenue recognition

Fee income represents revenue earned under a fixed contract for property development. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Share capital

2015

Allotted, called up and fully paid

1 Ordinary of £1 each

Ultimate parent company

The ultimate parent company is Valebond Consultants Limited, a company registered in England and Wales.