Company Registration No. 09882918 (England and Wales)
PARKPORT HOLDINGS LTD
Unaudited accounts
for the year ended 30 November 2020
PARKPORT HOLDINGS LTD
Unaudited accounts
Contents
PARKPORT HOLDINGS LTD
Statement of financial position
as at
30 November 2020
Investment property
-
80,517
Creditors: amounts falling due within one year
(1,441)
(95,162)
Net current assets/(liabilities)
4,030
(95,142)
Net assets/(liabilities)
4,030
(14,625)
Called up share capital
20
20
Profit and loss account
4,010
(14,645)
Shareholders' funds
4,030
(14,625)
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2021 and were signed on its behalf by
J W H Wade
Director
Company Registration No. 09882918
PARKPORT HOLDINGS LTD
Notes to the Accounts
for the year ended 30 November 2020
PARKPORT HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 09882918. The registered office is 9 WIMPOLE MEWS, LONDON, W1G 8PB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2020
Fair value at 1 December 2019
80,517
The investment represents costs of land held for development.
5
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
5,471
-
6
Creditors: amounts falling due within one year
2020
2019
Amounts owed to group undertakings and other participating interests
-
94,662
Taxes and social security
941
-
PARKPORT HOLDINGS LTD
Notes to the Accounts
for the year ended 30 November 2020
7
Transactions with related parties
During the year, the company received a loan amounting to £94,600 (2018 - £86,300) from a company which has common directorship. The loan is repayable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).