01 Property Investment Ltd - Accounts to registrar (filleted) - small 17.3

01 Property Investment Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 06291865(England and Wales)















01 Property Investment Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2017






01 Property Investment Ltd (Registered number: 06291865)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


01 Property Investment Ltd

Company Information
for the Year Ended 30 June 2017







DIRECTORS: M G Lower
Mrs G E Lower
Miss R Lucraft





SECRETARY: M G Lower





REGISTERED OFFICE: The Old Factory
30-31 Devonshire Place
Brighton
East Sussex
BN2 1QB





REGISTERED NUMBER: 06291865(England and Wales)





ACCOUNTANTS: M Goddard & Co
Chartered Accountants
69 Tupwood Lane
Caterham
Surrey
CR3 6DD

01 Property Investment Ltd (Registered number: 06291865)

Abridged Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 8,951,239 8,910,097

CURRENT ASSETS
Debtors 4,235 901
Cash at bank 856 -
5,091 901
CREDITORS
Amounts falling due within one year 668,513 816,189
NET CURRENT LIABILITIES (663,422 ) (815,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,287,817

8,094,809

CREDITORS
Amounts falling due after more than one
year

4

(2,893,085

)

(2,907,633

)

PROVISIONS FOR LIABILITIES (670,232 ) (692,502 )
NET ASSETS 4,724,500 4,494,674

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,724,498 4,494,672
SHAREHOLDERS' FUNDS 4,724,500 4,494,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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)

Abridged Balance Sheet - continued
30 June 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 March 2018and were signed on its behalf by:





M G Lower- Director


01 Property Investment Ltd (Registered number: 06291865)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

01 Property Investment Ltd is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable and associated charges made to tenants, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Investment properties
Investment properties are not depreciated and are shown at market value at the year end date with the revalued
amount being credited to the revenue reserves. All the companies properties are investment properties. Deferred
tax has been calculated on the increase in property values with the charge being debited to revenue reserves and a
deferred tax liability being shown on the balance sheet under provisions for liabilities.

01 Property Investment Ltd (Registered number: 06291865)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2016 8,971,576
Additions 21,053
Disposals (30,640 )
Revaluations 43,947
At 30 June 2017 9,005,936
DEPRECIATION
At 1 July 2016 61,479
Charge for year 11,350
Eliminated on disposal (18,132 )
At 30 June 2017 54,697
NET BOOK VALUE
At 30 June 2017 8,951,239
At 30 June 2016 8,910,097

Cost or valuation at 30 June 2017 is represented by:

Totals
£   
Valuation in 2012 570,896
Valuation in 2013 250,143
Valuation in 2014 545,559
Valuation in 2015 2,190,699
Valuation in 2016 398,499
Valuation in 2017 43,947
Cost 5,006,193
9,005,936

01 Property Investment Ltd (Registered number: 06291865)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 July 2016 30,640
Disposals (30,640 )
At 30 June 2017 -
DEPRECIATION
At 1 July 2016 14,840
Charge for year 3,292
Eliminated on disposal (18,132 )
At 30 June 2017 -
NET BOOK VALUE
At 30 June 2017 -
At 30 June 2016 15,800

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.17 30.6.16
£    £   

Repayable by instalments
Bank loans more 5 yr by instal 1,858,085 1,545,970

5. RELATED PARTY DISCLOSURES

M Lower, a director of the company was owed £21,024 (2016:£50,000) at the year end. R Lucraft, a director of
the company was owed £389,674 (2016:£389,674) at the year end.

6. RETAINED EARNINGS

Under FRS 102 a revaluation reserve is no longer separately identifiable. The unrealised gains on revalued
investment properties net of deferred tax amounts to £3,329,511 (2016:£3,264,182) and is included in retained
earnings.