Plandesigns Limited - Accounts to registrar - small 16.1.1
Plandesigns Limited - Accounts to registrar - small 16.1.1
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2015 |
for |
Plandesigns Limited |
Plandesigns Limited (Registered number: 03835109) |
Contents of the Financial Statements |
for the Year Ended 31 December 2015 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Plandesigns Limited |
Company Information |
for the Year Ended 31 December 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
67 Westow Street |
London |
United Kingdom |
SE19 3RW |
Plandesigns Limited (Registered number: 03835109) |
Abridged Balance Sheet |
31 December 2015 |
31.12.15 | 31.12.14 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non distributable reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Plandesigns Limited (Registered number: 03835109) |
Abridged Balance Sheet - continued |
31 December 2015 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
Plandesigns Limited (Registered number: 03835109) |
Notes to the Financial Statements |
for the Year Ended 31 December 2015 |
1. | STATUTORY INFORMATION |
Plandesigns Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention as modified by the recognition |
of certain financial assets and liabilities measured at fair value. |
Investment property |
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable |
expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation |
of investment properties at their fair values are recognised in the income statement. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the |
balance sheet date that are expected to apply to the reversal of the timing difference. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2015 |
Additions |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
The investment properties are valued annually by the directors on an open market existing use basis. |
The historical cost of the investment properties amount to £3,339,765 (2014 - £3,060,925). |
Plandesigns Limited (Registered number: 03835109) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans over 5 years by instalments | 354,529 | 395,039 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.15 | 31.12.14 |
£ | £ |
Bank loans |
The loan is secured by way of a first legal charge over the property purchased with those funds. |
9. | RELATED PARTY DISCLOSURES |
During the year the company paid £76,530 (2014 - £56,191) to Careerwise (UK) Limited, this represents an |
interest charge at the rate of 3% per annum on the balance shown in other creditors falling due after more than |
one year. The balance owed at the year end was £2,632,357 (2014 - £2,260,965). Careerwise (UK) Limited is a |
company controlled by Mr K Norris. |
During the year the company received rent of £52,000 (2014 - £64,000) from Careerwise (UK) Limited. |
Shown within other creditors is a balance owed to the director Mr K Norris of £38 (2014 - £240,082). |