true
Parkside Investments (Beaconsfield) Limited
00643389
2015-05-31
632467
608479
995068
961080
3440
3440
359161
349161
995068
961080
995068
961080
50518
31080
47909
60927
98427
92007
70254
51757
28173
40250
944550
930000
944550
930000
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
straight line
0.2500
956612
942062
4550
10000
12062
12062
The historic cost of land and buildings comprises of £423,367 of long leasehold and £157,472 of freehold investment properties.
956612
942062
4550
10000
12062
12062
The historic cost of land and buildings comprises of £423,367 of long leasehold and £157,472 of freehold investment properties.
Ordinary
4000
1
4000
4000
Ordinary
1
3440
3440
3440
2016-02-26
C. H. Peters
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Parkside Investments (Beaconsfield) Limited
2014-06-01
2015-05-31
Parkside Investments (Beaconsfield) Limited
2013-06-01
2014-05-31
Parkside Investments (Beaconsfield) Limited
2013-05-31
Parkside Investments (Beaconsfield) Limited
2014-05-31
Parkside Investments (Beaconsfield) Limited
2014-05-31
Parkside Investments (Beaconsfield) Limited
2015-05-31
2016-02-26