Parkpath Properties Ltd - Accounts to registrar (filleted) - small 18.2

Parkpath Properties Ltd

Unaudited Financial Statements for the Year Ended 31 May 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Ross

I D Ross

SECRETARY:

I D Ross

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

05809519 (England and Wales)

ACCOUNTANTS:

MATTHEWS SUTTON & CO LTD

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

L18 1DG

FIXED ASSETS

Investment property

3

225,000

225,000

CURRENT ASSETS

Cash at bank

1,225

701

CREDITORS

Amounts falling due within one year

4

30,389

38,300

NET CURRENT LIABILITIES

(29,164

)

(37,599

)

TOTAL ASSETS LESS CURRENT LIABILITIES

195,836

187,401

CREDITORS

Amounts falling due after more than one year

5

36,052

42,210

NET ASSETS

159,784

145,191

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

84,066

84,066

Retained earnings

75,618

61,025

SHAREHOLDERS' FUNDS

159,784

145,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 February 2019 and were signed on its behalf by:

D R Ross - Director

1.	STATUTORY INFORMATION

Parkpath Properties Ltd is a private company, limited by shares , registered in England and 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net rents received, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2017

and 31 May 2018

225,000

NET BOOK VALUE

At 31 May 2018

225,000

At 31 May 2017

225,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans and overdrafts

6,135

5,875

Taxation and social security

3,423

3,784

Other creditors

20,831

28,641

30,389

38,300

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans

36,052

42,210

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

9,604

16,185

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.18

31.5.17

£

£

Bank loans

42,187

48,085

7.

RESERVES

Fair

value

reserve

£

At 1 June 2017

and 31 May 2018

84,066