Company Registration No. 03466922 (England and Wales)
PARK HOUSE ESTATES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 APRIL 2016
PARK HOUSE ESTATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PARK HOUSE ESTATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 APRIL 2016
28 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
924,244
924,244
Current assets
Debtors
278,107
356,931
Cash at bank and in hand
173
173
278,280
357,104
Creditors: amounts falling due within one year
(189,375)
(136,477)
Net current assets
88,905
220,627
Total assets less current liabilities
1,013,149
1,144,871
Creditors: amounts falling due after more than one year
3
(1,142,967)
(1,142,967)
(129,818)
1,904
Capital and reserves
Called up share capital
4
2
2
Revaluation reserve
(66,694)
(66,694)
Profit and loss account
(63,126)
68,596
Shareholder's funds
(129,818)
1,904
For the financial year ended 28 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 June 2017
Mr R Bilton
Director
Company Registration No. 03466922
PARK HOUSE ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements have been prepared on a going concern basis, the company can only continue to trade with the support of its bankers.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost or valuation
At 29 April 2015
1,009,703
Revaluation
(66,694)
At 28 April 2016
943,009
Depreciation
At 29 April 2015 & at 28 April 2016
18,765
Net book value
At 28 April 2016
924,244
At 28 April 2015
924,244
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
1,142,967
1,142,967
Creditors include an amount of £1,237,784 (2015 £1,237,784) for which security has been given.
PARK HOUSE ESTATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 APRIL 2016
- 3 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2