REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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PALMTREE INVESTMENTS LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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PALMTREE INVESTMENTS LTD |
PALMTREE INVESTMENTS LTD (REGISTERED NUMBER: 07240003) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
PALMTREE INVESTMENTS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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PALMTREE INVESTMENTS LTD (REGISTERED NUMBER: 07240003) |
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ABBREVIATED BALANCE SHEET |
31 OCTOBER 2016 |
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31.10.16 | 31.10.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
PALMTREE INVESTMENTS LTD (REGISTERED NUMBER: 07240003) |
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ABBREVIATED BALANCE SHEET - continued |
31 OCTOBER 2016 |
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The financial statements were approved by the director on
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PALMTREE INVESTMENTS LTD (REGISTERED NUMBER: 07240003) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net rent receivable, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Investment property - depreciation |
In accordance with Financial Reporting standard for Smaller Entities (effective January 2015), no depreciation or |
amortization is provided in respect of freehold investment properties nor on leasehold investment properties |
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act |
2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy |
results in the financial statements giving true and fair view. |
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Investment property |
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with |
Financial Reporting Standard for Smaller Entities(effective January 2015), which requires such properties to be |
stated at current market value. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
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Additions |
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At 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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PALMTREE INVESTMENTS LTD (REGISTERED NUMBER: 07240003) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 November 2015 |
and 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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31.10.16 | 31.10.15 |
£ | £ |
Repayable otherwise than by instalments | 129,953 | 134,863 |
Repayable by instalments | 498,001 | 517,709 |
627,954 | 652,572 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
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Ordinary | £1 |
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