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PROPERTEX LTD |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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REGISTERED NUMBER:
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PROPERTEX LTD |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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PROPERTEX LTD (REGISTERED NUMBER: 08601498) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 4 |
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PROPERTEX LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
167 Turners Hill |
Cheshunt |
Hertfordshire |
EN8 9BH |
PROPERTEX LTD (REGISTERED NUMBER: 08601498) |
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INCOME STATEMENT |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ |
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REVENUE |
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Administrative expenses |
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OPERATING PROFIT |
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Interest payable and similar expenses |
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PROFIT BEFORE TAXATION |
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Tax on profit |
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PROFIT FOR THE FINANCIAL YEAR |
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PROPERTEX LTD (REGISTERED NUMBER: 08601498) |
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BALANCE SHEET |
31 JANUARY 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 3 |
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CURRENT ASSETS |
Debtors: amounts falling due within one year | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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PROPERTEX LTD (REGISTERED NUMBER: 08601498) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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1. | STATUTORY INFORMATION |
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Propertex Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rental income receivable net of Vat. |
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Tangible fixed assets |
No depreciation charged in respect of the long leasehold property as the property is fully maintained on |
continuous basis. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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3. | PROPERTY, PLANT AND EQUIPMENT |
Long |
leasehold |
£ |
COST |
At 1 February 2015 |
and 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.16 | 31.1.15 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.16 | 31.1.15 |
£ | £ |
Trade creditors |
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( |
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Tax |
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Social security and other taxes |
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Directors' current accounts | 80,900 | 164,900 |
Accrued expenses |
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PROPERTEX LTD (REGISTERED NUMBER: 08601498) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.16 | 31.1.15 |
£ | £ |
Other loans more 5yrs instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Other loans more 5yrs instal | 360,000 | 360,000 |