| Planshare Property Management Ltd |
| Registered number: |
02030058 |
| Abridged Balance Sheet |
| as at 31 December 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
|
|
28,450 |
|
|
32,405 |
| Cash at bank and in hand |
|
|
43,338 |
|
|
40,000 |
|
|
|
71,788 |
|
|
72,405 |
|
| Creditors: amounts falling due within one year |
|
|
(1,385) |
|
|
(1,134) |
|
| Net current assets |
|
|
|
70,403 |
|
|
71,271 |
|
| Net assets |
|
|
|
70,403 |
|
|
71,271 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
113 |
|
|
113 |
| Profit and loss account |
|
|
|
70,290 |
|
|
71,158 |
|
| Shareholders' funds |
|
|
|
70,403 |
|
|
71,271 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
|
|
| Mr D Dade |
| Director |
| Approved by the board on 17 December 2018 |
|
| Planshare Property Management Ltd |
| Notes to the Abridged Accounts |
| for the year ended 31 December 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Tools and equipment |
25% straight line |
|
Play area |
50% straight line |
|
Tables and benches |
25% straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Total |
| £ |
|
Cost |
|
At 1 January 2017 |
3,663 |
|
At 31 December 2017 |
3,663 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2017 |
3,663 |
|
At 31 December 2017 |
3,663 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2017 |
- |
|
|
| 3 |
Other information |
|
|
Planshare Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
24 Boscombe Road |
|
Ashtree Park |
|
Carbrooke, Thetford |
|
Norfolk |
|
IP25 6JS |
