|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
PARK WALMER PROPERTIES LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED |
|
30 APRIL 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
PARK WALMER PROPERTIES LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED |
|
30 APRIL 2017 |
|
|
|
|
|
PARK WALMER PROPERTIES LIMITED (REGISTERED NUMBER: 03547954) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
PARK WALMER PROPERTIES LIMITED |
|
COMPANY INFORMATION |
for the year ended 30 April 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Swatton Barn |
Badbury |
Swindon |
Wiltshire |
SN4 0EU |
PARK WALMER PROPERTIES LIMITED (REGISTERED NUMBER: 03547954) |
|
BALANCE SHEET |
30 April 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | 7 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges her 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. |
PARK WALMER PROPERTIES LIMITED (REGISTERED NUMBER: 03547954) |
|
BALANCE SHEET - continued |
30 April 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
PARK WALMER PROPERTIES LIMITED (REGISTERED NUMBER: 03547954) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
|
1. | STATUTORY INFORMATION |
|
Park Walmer Properties Limited is a
|
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Investment property |
The company's investment properties are held for long-term investment. Investment properties are |
accounted for in accordance with FRS 102 as follows: |
|
(i) Investment properties are revalued annually. The surplus or deficit on revaluation is transferred to |
the revaluation reserve unless a deficit below original cost, 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; and |
|
(ii) no depreciation is provided in respect of freehold investment properties. |
|
Although the Companies Act would normally require the systematic annual depreciation of fixed |
assets, the directors believe that the policy of not providing depreciation is necessary in order to give |
a true and fair view, since the current value of investment properties, and changes to that current |
value, are of prime importance rather than a calculation of systematic annual depreciation. |
Depreciation is only one of the many factors reflected in the annual valuation, and the amount which |
might otherwise have been included cannot be separately identified or quantified. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
PARK WALMER PROPERTIES LIMITED (REGISTERED NUMBER: 03547954) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2017 |
|
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2016 |
|
Disposals | ( |
) |
At 30 April 2017 |
|
NET BOOK VALUE |
At 30 April 2017 |
|
At 30 April 2016 |
|
|
The investment properties value was reviewed by the director on 30 April 2017. The director considers |
that this valuation in the financial statements represents the open market value of the investment |
property. The historic cost of the investment properties is £720,580. |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
PARK WALMER PROPERTIES LIMITED (REGISTERED NUMBER: 03547954) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2017 |
|
7. | RESERVES |
Retained |
earnings |
£ |
|
At 1 May 2016 |
|
Profit for the year |
|
Dividends | ( |
) |
At 30 April 2017 |
|
|
8. | RELATED PARTY DISCLOSURES |
|
During the year the company entered into transactions with the following related party. The price |
charged was the normal price in the case of each individual transaction. |
|
Name of Related | Nature of | Transaction | Expense |
Party | Relationship | Details |
£ | £ |
|
A Dean | Shareholder / | Dividends | 36,000 |
Director |