Accounts Submission

Accounts Submission

PD PROPERTIES (SW) LIMITED - Company Information

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PD PROPERTIES (SW) LIMITED

Company Registration Number:
06005907 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 December 2015

End date: 30 November 2016

PD PROPERTIES (SW) LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

PD PROPERTIES (SW) LIMITED

Company Information

for the Period Ended 30 November 2016




Director: Philip Wayne Lloyd-Evans
Registered office: 65
Severn Road
Weston-Super-Mare
Avon
BS23 1DR
Company Registration Number: 06005907 (England and Wales)

PD PROPERTIES (SW) LIMITED

Directors' Report Period Ended 30 November 2016

The directors present their report with the financial statements of the company for the period ended 30 November 2016

Principal Activities

The company's principal activity during the period was the Letting and Maintenance of own residential property.

Directors
 The directors shown below have held office during the whole of the period from
01 December 2015 to 30 November 2016
Philip Wayne Lloyd-Evans

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 30 May 2017
And Signed On Behalf Of The Board By:

Name: Philip Wayne Lloyd-Evans
Status: Director

PD PROPERTIES (SW) LIMITED

Profit and Loss Account

for the Period Ended 30 November 2016


Notes
2016
£
2015
£
Turnover: 2 55,610 53,543
Cost of sales: ( 7,030 ) ( 6,370 )
Gross profit or (loss): 48,580 47,173
Distribution costs: ( 27,017 ) ( 8,130 )
Administrative expenses: 3 ( 15,963 ) ( 13,279 )
Other operating income: 8
Operating profit or (loss): 5,608 25,764
Interest payable and similar charges: ( 21,531 ) ( 19,990 )
Profit or (loss) on ordinary activities before taxation: ( 15,923 ) 5,774
Profit or (loss) for the financial year: ( 15,923 ) 5,774

The notes form part of these financial statements

PD PROPERTIES (SW) LIMITED

Statement of total recognised gains and losses

As at 30 November 2016


2016
£
2015
£
Profit or (loss) for the period: ( 15,923 ) 5,774
Revaluation surplus or (deficit): 83,000
Total recognised gains and losses for the period: 67,077 5,774

PD PROPERTIES (SW) LIMITED

Balance sheet

As at 30 November 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 4 1,118,000 1,035,000
Total fixed assets: 1,118,000 1,035,000
Current assets
Cash at bank and in hand: 5,898 16,654
Total current assets: 5,898 16,654
Creditors: amounts falling due within one year: ( 108,256 ) ( 106,191 )
Net current assets (liabilities): ( 102,358 ) ( 89,537 )
Total assets less current liabilities: 1,015,642 945,463
Creditors: amounts falling due after more than one year: ( 816,221 ) ( 855,418 )
Provision for liabilities: ( 42,299 )
Total net assets (liabilities): 157,122 90,045

The notes form part of these financial statements

PD PROPERTIES (SW) LIMITED

Balance sheet continued

As at 30 November 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 2 2
Revaluation reserve: 6 165,528 82,528
Profit and loss account: 7 ( 8,408 ) 7,515
Shareholders funds: 157,122 90,045

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 30 May 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Philip Wayne Lloyd-Evans
Status: Director

The notes form part of these financial statements

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

    Turnover policy

    The turnover represents amounts receivable for rents and services.

    Tangible fixed assets depreciation policy

    Investment properties are revalued annually and the aggregate surplus or deficit transferred to a revaluation reserve.

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 2. Turnover

    Turnover represents gross rents received.

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 3. Directors' remuneration


    2016
    £
    2015
    £
    Directors' remuneration: 5,000 7,540
    TOTAL: 5,000 7,540

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 4. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 December 2015: 1,035,000 - - - - 1,035,000
    Additions: - - - - - 0
    Disposals: - - - - - 0
    Revaluations: 83,000 - - - - 83,000
    Transfers: - - - - - 0
    30 November 2016: 1,118,000 - - - - 1,118,000
    Depreciation
    01 December 2015: - - - - - 0
    Charge for year: - - - - - 0
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    30 November 2016: 0 - - - - 0
    Net book value
    30 November 2016: 1,118,000 - - - - 1,118,000
    30 November 2015: 1,035,000 - - - - 1,035,000

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 6. Revaluation reserve

    £
    At 01 December 2015: 82,528
    Surplus or deficit arising from revaluation: 83,000
    At 30 November 2016: 165,528

PD PROPERTIES (SW) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2016

  • 7. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: 7,515 1,741
    Profit or (loss) for the period: ( 15,923 ) 5,774
    Retained profit: ( 8,408 ) 7,515