01 Property Investment Ltd - Abbreviated accounts 16.3
01 Property Investment Ltd - Abbreviated accounts 16.3
REGISTERED NUMBER: |
01 Property Investment Ltd |
Abbreviated Unaudited Accounts |
for the Year Ended 30 June 2016 |
01 Property Investment Ltd (Registered number: 06291865) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
01 Property Investment Ltd |
Company Information |
for the Year Ended 30 June 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
01 Property Investment Ltd (Registered number: 06291865) |
Abbreviated Balance Sheet |
30 June 2016 |
30.6.16 | 30.6.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
01 Property Investment Ltd (Registered number: 06291865) |
Abbreviated Balance Sheet - continued |
30 June 2016 |
The financial statements were approved by the Board of Directors on |
01 Property Investment Ltd (Registered number: 06291865) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
Turnover |
Turnover represents rents receivable and associated charges made to tenants, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
Investment properties |
All the companies properties are investment properties and in accordance with Statement of Standard Accounting |
Practice No. 19 investment properties are not depreciated. These properties are shown on the balance sheet at |
their open market value and the difference between this and cost is transferred to the revaluation reserve. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 July 2015 |
Additions |
Disposals | ( |
) |
Revaluations |
At 30 June 2016 |
DEPRECIATION |
At 1 July 2015 |
Charge for year |
At 30 June 2016 |
NET BOOK VALUE |
At 30 June 2016 |
At 30 June 2015 |
01 Property Investment Ltd (Registered number: 06291865) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2016 |
3. | CREDITORS |
Creditors include the following debts falling due in more than five years: |
30.6.16 | 30.6.15 |
£ | £ |
Repayable by instalments | 1,545,970 | 1,473,200 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE PARENT COMPANY |
01 Property Group Limited is the ultimate parent company. |