Park House Residents Association Limited - Accounts to registrar (filleted) - small 18.2

Park House Residents Association Limited - Accounts to registrar (filleted) - small 18.2

PARK HOUSE RESIDENTS ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 02994344 (England and Wales)















Park House Residents Association Limited

Unaudited Financial Statements for the Year Ended 28 February 2019





Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG








Park House Residents Association Limited (Registered number: 02994344)






Contents of the Financial Statements
for the Year Ended 28 February 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Park House Residents Association Limited

Company Information
for the Year Ended 28 February 2019







DIRECTORS: D J Larder
Miss M R Worley





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 20 Park House
Park Avenue
Maidstone
Kent
ME14 5HW





REGISTERED NUMBER: 02994344 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG
Page 1
Park House Residents Association Limited (Registered number: 02994344)

Statement of Financial Position
28 February 2019

2019 2018
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 208 216

CURRENT ASSETS
Debtors 4 4 461
Cash at bank 24,133 29,761
24,137 30,222
CREDITORS
Amounts falling due within one year 5 770 569
NET CURRENT ASSETS 23,367 29,653
TOTAL ASSETS LESS CURRENT LIABILITIES 23,575 29,869

CAPITAL AND RESERVES
Called up share capital 21 21
Share premium 17,480 17,480
Retained earnings 6,074 12,368
SHAREHOLDERS' FUNDS 23,575 29,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 May 2019 and were signed on its behalf by:



Miss M R Worley - Director


The notes form part of these financial statements

Page 2
Park House Residents Association Limited (Registered number: 02994344)

Notes to the Financial Statements
for the Year Ended 28 February 2019

1. STATUTORY INFORMATION

Park House Residents Association 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.

Income recognition
Turnover represents service charges, contributions to sinking funds and other income.

Tangible fixed assets
Tangible fixed assets represent freehold land and buildings and are stated at cost less accumulated
depreciation. Depreciation has been calculated to write off the cost over its expected useful life.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties
and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 by
the statement of financial position date.

Page 3
Park House Residents Association Limited (Registered number: 02994344)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2019

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2018
and 28 February 2019 7,740
DEPRECIATION
At 1 March 2018 7,524
Charge for year 8
At 28 February 2019 7,532
NET BOOK VALUE
At 28 February 2019 208
At 28 February 2018 216

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
as restated
£    £   
Trade debtors 4 461

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
as restated
£    £   
Trade creditors 82 -
Taxation and social security 3 3
Other creditors 685 566
770 569

Page 4