Micro-entity Accounts - PONDSIDE PROPERTIES LIMITED

PONDSIDE PROPERTIES LIMITED - Company Information

03698047 PONDSIDE PROPERTIES LIMITED 2017-01-31 false 2016-02-01 2017-01-31 true 03698047 2016-02-01 2017-01-31 03698047 2017-01-31 03698047 2016-01-31 03698047 uk-gaap-cd-bus:Director1 2016-02-01 2017-01-31 03698047 uk-gaap-cd-bus:Director2 2016-02-01 2017-01-31 03698047 uk-gaap-cd-bus:AllEntityOfficers 2016-02-01 2017-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-01 2017-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 iso4217:GBP shares

Registered Number 03698047

PONDSIDE PROPERTIES LIMITED

Micro-entity Accounts

31 January 2017

PONDSIDE PROPERTIES LIMITED Registered Number 03698047

Micro-entity Balance Sheet as at 31 January 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	2,565	1,840
Investments		4,345,000	2,206,705
		4,347,565	2,208,545
Current assets
Debtors		3,259	138,333
Cash at bank and in hand		15,041	29,516
		18,300	167,849
Creditors: amounts falling due within one year		(1,243,733)	(1,246,763)
Net current assets (liabilities)		(1,225,433)	(1,078,914)
Total assets less current liabilities		3,122,132	1,129,631
Creditors: amounts falling due after more than one year		(519,567)	(579,567)
Provisions for liabilities		(276,864)	-
Total net assets (liabilities)		2,325,701	550,064
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		2,325,601	549,964
Shareholders' funds		2,325,701	550,064

For the year ending 31 January 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 May 2017

And signed on their behalf by:
Mrs C Klein, Director

PONDSIDE PROPERTIES LIMITED Registered Number 03698047

Notes to the Micro-entity Accounts for the period ended 31 January 2017

1Tangible fixed assets

	£
Cost
At 1 February 2016	19,095
Additions	1,580
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2017	20,675
Depreciation
At 1 February 2016	17,255
Charge for the year	855
On disposals	-
At 31 January 2017	18,110
Net book values
At 31 January 2017	2,565
At 31 January 2016	1,840

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

3Accounting Policies

Basis of measurement and preparation of accounts
Pondside Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Global House, 303 Ballards Lane, London, N12 8NP.

Turnover policy
Turnover represents rents received from properties held by the company.

Tangible assets depreciation policy
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment 25 % Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss .