PDI LIMITED Accounts filed on 31-12-2015
PDI LIMITED Accounts filed on 31-12-2015
PDI LIMITED
Company Registration Number:
08121687 (England and Wales)
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01st January 2015
End date: 31st December 2015
SUBMITTED
PDI LIMITED
Contents of the Financial Statements
for the Period Ended
31st December 2015
| Company Information | |
| Report of the Directors | |
| Profit and Loss Account | |
| Gains and Losses | |
| Balance sheet | |
| Notes to the Financial Statements |
PDI LIMITED
Company Information
for the Period Ended
31st December 2015
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PDI LIMITED
Directors' Report Period Ended 31st December 2015
The directors present their report with the financial statements of the company for the period ended 31st December 2015
Principal activities
The principal activity of the company in the period under review was:
Directors
The directors shown below have held office during the whole of the period from
01st January 2015 to 31st December 2015
Johan Rasmussen
The director(s) shown below resigned during the period
Mark Preece on
Matthias Ploch on
Stephen Preston on
Michael De-Rhune on
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name: Johan Rasmussen
Status: Director
PDI LIMITED
Profit and Loss Account
for the Period Ended 31st December 2015
| Notes | 2015 £ |
2014 £ |
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| Administrative expenses: | , | - |
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| Other operating income: |
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- | |
| Operating profit or (loss): |
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( |
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| Interest receivable and similar income: | - |
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| Profit or (loss) on ordinary activities before taxation: |
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( |
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| Profit or (loss) for the financial year: |
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( |
The notes form part of these financial statements
PDI LIMITED
Statement of total recognised gains and losses
31st December 2015
Statement of total recognised gains and losses
The company does not have any gains and losses other than Profit and Loss for the period to report.The notes form part of these financial statements
PDI LIMITED
Balance sheet
As at 31st December 2015
| Notes | 2015 £ |
2014 £ |
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| Fixed assets | |||
| Intangible assets: | 2 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: |
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| Total current assets: |
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| Creditors: amounts falling due within one year | 3 |
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| Net current assets (liabilities): | ( |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
PDI LIMITED
Balance sheet
As at 31st December 2015
continued
| Notes | 2015 £ |
2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 4 |
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| Revaluation reserve: | 5 |
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| Profit and Loss account: | ( |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Johan Rasmussen
Status: Director
The notes form part of these financial statements
PDI LIMITED
Notes to the Financial Statements
for the Period Ended
31st December 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The directors and shareholder have decided to proceed with the solvent liquidation of the Company as soon as possible. Under such circumstances it is not appropriate to use the going concern basis of accounting, and these financial statements have been prepared on a realisation basis. Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, and represents dividends received from other group companies. The Company recognises dividend income when the shareholder’s right to receive payment is established. This is determined to be the period in which the dividends are approved and declared by the paying Company. Intangible fixed assets amortisation policy
Investments in subsidiaries are carried at historical cost less any provision for impairment. If the recoverable amount of the asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. The difference between the carrying amount and recoverable amount is recognised as an impairment loss in profit or loss. An impairment loss for an asset is reversed if, and only if, there has been a change in the estimates used to determine the asset's recoverable amount since the last impairment loss was recognised. The carrying amount of this asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of accumulated depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of the impairment loss for an asset is recognised in the profit or loss.
PDI LIMITED
Notes to the Financial Statements
for the Period Ended
31st December 2015
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2. Intangible assets
Goodwill Other Total Cost £ £ £ At 01st January 2015: - 2,896,250 2,896,250 Revaluations: - 579,250 579,250 At 31st December 2015: - 3,475,500 3,475,500 Net book value £ £ £ At 31st December 2015: - 3,475,500 3,475,500 At 31st December 2014: - 2,896,250 2,896,250 The carrying value of the investment was impaired in 2014 for an amount of £9,451,678. A partial reversal of £579,250 was recorded in 2015 to reflect the sale price agreed for the subsequent disposal of the investment in January 2016.
PDI LIMITED
Notes to the Financial Statements
for the Period Ended
31st December 2015
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3. Creditors: amounts falling due within one year
2015 2014 £ £ Accruals and deferred income: 37,572 19,821 Other creditors: 15,973 11,971 Total: 53,545 31,792
PDI LIMITED
Notes to the Financial Statements
for the Period Ended
31st December 2015
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5. Revaluation reserve
£ At 01st January 2015: 10,178,247 At 31st December 2015: 10,178,247