Patomi Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02343270 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PATOMI PROPERTIES LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

DIRECTOR:

Mrs A Nash

SECRETARY:

Mr B K Johnson

REGISTERED OFFICE:

Suite 121

Steward Street Business Lofts

69 Steward Street

Birmingham

West Midlands

B18 7AF

REGISTERED NUMBER:

02343270 (England and Wales)

ACCOUNTANTS:

C J Petty Limited

Chestnut House

High Offley Road

Woodseaves

Stafford

Staffordshire

ST20 0LG

FIXED ASSETS

Tangible assets

2

5,068

2,203

Investment property

3

460,282

465,350

462,485

CURRENT ASSETS

Debtors

3,704

Cash at bank

2,380

6,106

6,084

9,810

CREDITORS

Amounts falling due within one year

393,411

406,161

NET CURRENT LIABILITIES

(387,327

)

(396,351

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

78,023

66,134

CAPITAL AND RESERVES

Called up share capital

4

75,000

Profit and loss account

3,023

(8,866

)

SHAREHOLDERS' FUNDS

78,023

66,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 19 July 2016 and were signed by:

Mrs A Nash - 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 January 2015).

Tangible fixed assets

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

Fixtures and fittings

-

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.

Investment properties

Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

22,391

Additions

4,555

At 31 March 2016

26,946

DEPRECIATION

At 1 April 2015

20,188

Charge for year

1,690

At 31 March 2016

21,878

NET BOOK VALUE

At 31 March 2016

5,068

At 31 March 2015

2,203

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

460,282

NET BOOK VALUE

At 31 March 2016

460,282

At 31 March 2015

460,282

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

75,000

Ordinary

£1

75,000