PAKEMAN_INVESTMENTS_LIMIT - Accounts

PAKEMAN INVESTMENTS LIMITED - Company Information

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Company Registration No. 00625330 (England and Wales)

PAKEMAN INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

PAKEMAN INVESTMENTS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

PAKEMAN INVESTMENTS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PAKEMAN INVESTMENTS LIMITED FOR THE YEAR ENDED 31 MARCH 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pakeman Investments Limited for the year ended 31 March 2016 set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Pakeman Investments Limited, as a body, in accordance with the terms of our engagement letter dated 26 November 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Pakeman Investments Limited and state those matters that we have agreed to state to the Board of Directors of Pakeman Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pakeman Investments Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Pakeman Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pakeman Investments Limited. You consider that Pakeman Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pakeman Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jackson Calvert

19 December 2016

Chartered Accountants

Bennett Corner House

33 Coleshill Street

Sutton Coldfield

West Midlands

B72 1SD

PAKEMAN INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

393,152

393,202

Current assets

Debtors

10,267

149

Cash at bank and in hand

91,168

104,355

101,435

104,504

Creditors: amounts falling due within one year

(3,615)

(8,649)

Net current assets

97,820

95,855

Total assets less current liabilities

490,972

489,057

Creditors: amounts falling due after more than one year

(102,639)

(102,853)

388,333

386,204

Capital and reserves

Called up share capital

5,000

Revaluation reserve

142,390

Profit and loss account

240,943

238,814

Shareholders' funds

388,333

386,204

PAKEMAN INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2016

- 3 -

For the financial year ended 31 March 2016 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 year 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 19 December 2016

Mrs M A Power

Director

Company Registration No. 00625330

PAKEMAN INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 from the letting of investment properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

PAKEMAN INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015 & at 31 March 2016

393,479

Depreciation

At 1 April 2015

277

Charge for the year

At 31 March 2016

327

Net book value

At 31 March 2016

393,152

At 31 March 2015

393,202

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

102,639

102,853

The aggregate amount of creditors for which security has been given amounted to £102,639 (2015 - £102,853).

Share capital

2016

2015

Allotted, called up and fully paid

5,000 Ordinary shares of £1 each

5,000