Parks Property Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05015004 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Parks Property

Consultants Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Christodoulou

SECRETARY:

Mr P Atsiaris

REGISTERED OFFICE:

92 Powys Lane

Palmers Green

London

N13 4HR

REGISTERED NUMBER:

05015004 (England and Wales)

ACCOUNTANTS:

Lakis & Co

Accountants

92 Powys Lane

Palmers Green

London

N13 4HR

FIXED ASSETS

Property, plant and equipment

3

9,701

10,779

CURRENT ASSETS

Debtors

4

6,600

81

Cash at bank and in hand

1,088

4,404

7,688

4,485

CREDITORS

Amounts falling due within one year

5

37,038

38,544

NET CURRENT LIABILITIES

(29,350

)

(34,059

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,649

)

(23,280

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(19,749

)

(23,380

)

SHAREHOLDERS' FUNDS

(19,649

)

(23,280

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 June 2019 and were signed by:

Mr A Christodoulou - Director

1.	STATUTORY INFORMATION

Parks Property Consultants Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

23,128

5,839

28,967

DEPRECIATION

At 1 April 2018

14,281

3,907

18,188

Charge for year

885

193

1,078

At 31 March 2019

15,166

4,100

19,266

NET BOOK VALUE

At 31 March 2019

7,962

1,739

9,701

At 31 March 2018

8,847

1,932

10,779

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

6,600

75

Other debtors

-

6

6,600

81

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

-

6

Other creditors

37,038

38,538

37,038

38,544