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Company registration number:03843270
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PRIMEWAYS PROPERTIES LTD
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ABBREVIATED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 September 2015 |
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PRIMEWAYS PROPERTIES LTD |
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BALANCE SHEET |
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AS AT 30 September 2015
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2015 |
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2014 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | 2 | | | 1,912,551 | | | | 1,912,770 | |
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| | | | | 1,912,551 | | | | 1,912,770 | |
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CURRENT ASSETS |
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Cash at bank and in hand | | 34,232 | | | | 85,863 | | | | |
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| | | 34,232 | | | | 85,863 | | | |
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CREDITORS |
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Amounts falling due within one year | (263,182) | | | | (269,257) | | | |
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NET CURRENT ASSETS |
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(228,950) |
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(183,394) |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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1,683,601 |
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1,729,376 |
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Creditors falling due after one year | | | (1,582,418) | | | | (1,639,530) | |
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NET ASSETS |
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101,183 |
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89,846 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
3 |
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6 |
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6 |
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Profit and loss account |
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101,177 |
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89,840 |
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SHAREHOLDERS FUNDS |
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101,183 |
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89,846 |
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For the year ending 30 September 2015 the company was entitled to exemptio section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. | | | | | | | |
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.......................................................................... |
Mr K Hussain |
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16 May 2016
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The annexed notes form part of these financial statements. | | | | | | | |
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PRIMEWAYS PROPERTIES LTD |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).
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| Statement of cashflow | | | | | | | | |
| The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company. | |
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| Turnover | | | | | | | | | |
| Turnover comprises the rent received from freehold properties owned by the company. | |
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| Fixed assets | | | | | | | | |
| In accordance with SSAP19, (i) investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation eserve, and (ii) no depreciation or amortisation is provided in respect of eehold investment properties. The company did not follow the requirements SSAP19 as set out in (i) above. | |
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2. | Tangible fixed assets | | | | | | | | | |
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| | | | Total | |
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| Cost | | | | | | | | | | |
| At start of period | | 1,915,855 | |
| At end of period | | 1,915,855 | |
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| Depreciation | | | | | | | | | | |
| At start of period | | 3,085 | |
| Provided during the period | | 219 | |
| At end of period | | 3,304 | |
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| Net Book Value | | | | | | | | | |
| At start of period | | 1,912,770 | |
| At end of period | | 1,912,551 | |
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3. |
Share capital |
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Allotted, issued and fully paid
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2015 |
2014 |
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£ |
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| Ordinary 'A' shares of £1 each | | 1 | 1 | | | |
| Ordinary 'B' shares of £1 each | | 5 | 5 | | | |
| Total issued share capital | | 6 | 6 | | | |
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