Registration number:
Unaudited Abbreviated Accounts
for the Period from
Platinum SA Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Platinum SA Limited
for the Period Ended 29 February 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Platinum SA Limited for the period ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Platinum SA Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Platinum SA Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platinum SA Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Platinum SA Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Platinum SA Limited. You consider that Platinum SA Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Platinum SA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
8 November 2016
Platinum SA Limited
(Registration number: 09445005)
Abbreviated Balance Sheet at 29 February 2016
Note |
29 February 2016
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
Approved by the Board on
.........................................
Mrs A Khan
Director
2
Platinum SA Limited
Notes to the Abbreviated Accounts for the Period from 17 February 2015 to 29 February 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis which assumes the conintued support from the drectors through loans made to the company amounting to £404,625. The directors are actively seeking opportunities to develop the invstment property so that it can generate income in the coming year.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Computer Equipment |
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Investment properties
Financial instruments
Platinum SA Limited
Notes to the Abbreviated Accounts for the Period from 17 February 2015 to 29 February 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
400,735 |
400,735 |
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At 29 February 2016 |
400,735 |
400,735 |
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Depreciation |
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Charge for the period |
234 |
234 |
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At 29 February 2016 |
234 |
234 |
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Net book value |
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At 29 February 2016 |
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Share capital |
Allotted, called up and fully paid shares
29 February 2016 |
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No. |
£ |
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New shares allotted
During the period
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During the period
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During the period
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