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Unaudited Financial Statements |
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for the Year Ended 30 June 2017 |
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for |
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The Fountain Inn (Parkend) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2017 |
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for |
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The Fountain Inn (Parkend) Limited |
The Fountain Inn (Parkend) Limited (Registered number: 01311286) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 7 |
The Fountain Inn (Parkend) Limited |
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Company Information |
for the Year Ended 30 June 2017 |
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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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Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |
The Fountain Inn (Parkend) Limited (Registered number: 01311286) |
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Balance Sheet |
30 June 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium | 9 |
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Retained earnings | 9 |
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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. |
The Fountain Inn (Parkend) Limited (Registered number: 01311286) |
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Balance Sheet - continued |
30 June 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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A Powell - Director | Mrs ME Powell - Director |
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B Powell - Director |
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The Fountain Inn (Parkend) Limited (Registered number: 01311286) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2017 |
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1. | STATUTORY INFORMATION |
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The Fountain Inn (Parkend) Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all |
costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and |
condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and |
slow-moving stock where appropriate. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Going concern |
The financial statements have been prepared on the assumption that the company is a going concern which the |
directors consider to be appropriate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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The Fountain Inn (Parkend) Limited (Registered number: 01311286) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 July 2016 |
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Additions |
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At 30 June 2017 |
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DEPRECIATION |
At 1 July 2016 |
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Charge for year |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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Ordinary 'A' | £1 | 60 | 60 |
1,060 | 1,060 |
The Fountain Inn (Parkend) Limited (Registered number: 01311286) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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9. | CONSOLIDATION RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 July 2016 |
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233,545 |
Deficit for the year | ( |
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At 30 June 2017 |
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214,812 |
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10. | RELATED PARTY DISCLOSURES |
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B Powell |
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2017 | 2016 |
£ | £ |
Amount due to related party at the balance sheet date | 56,627 | 36,627 |
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Mrs J C Powell |
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2017 | 2016 |
£ | £ |
Amount due to related party at the balance sheet date | 2,794 | 2,794 |
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A Powell |
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2017 | 2016 |
£ | £ |
Amount due to related party at the balance sheet date | 39,241 | 28,241 |
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11. | ULTIMATE CONTROLLING PARTY |
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12. | FIRST YEAR ADOPTION |
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These financial statements are the first to comply with FRS 102 Section 1A "Small Entities". The date of |
transition is 1 July 2015. |
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The transition has resulted in a small number of changes in accounting policies to those used previously. The |
changes have not impacted on opening equity or profit for the comparative period. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
The Fountain Inn (Parkend) Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of The Fountain Inn (Parkend) Limited for the year ended 30 June 2017 which comprise the Profit |
and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of The Fountain Inn (Parkend) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Fountain Inn (Parkend) Limited and state those matters that we have agreed to state to the Board of Directors of The Fountain Inn (Parkend) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Fountain Inn (Parkend) Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that The Fountain Inn (Parkend) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Fountain Inn (Parkend) Limited. You consider that The Fountain Inn (Parkend) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Fountain Inn (Parkend) 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 financial statements. |
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Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |
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