Parkmead Estates Ltd - Accounts to registrar (filleted) - small 18.2

Parkmead Estates Ltd - Accounts to registrar (filleted) - small 18.2

PARKMEAD ESTATES LTD - Company Information

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REGISTERED NUMBER: 06452435 (England and Wales)



















PARKMEAD ESTATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018






PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PARKMEAD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTORS: Mr A Heilpern
Mr M Spitzer





SECRETARY: Mr A Heilpern





REGISTERED OFFICE: 153B Clapton Common
London
E5 9AE





REGISTERED NUMBER: 06452435 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS
Page 1
PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,898 5,197

CURRENT ASSETS
Debtors 6 15,549 7,852
Cash at bank 253,525 225,267
269,074 233,119
CREDITORS
Amounts falling due within one year 7 271,981 237,179
NET CURRENT LIABILITIES (2,907 ) (4,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
991
1,137

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 987 1,133
SHAREHOLDERS' FUNDS 991 1,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2019 and were signed on its
behalf by:





Mr A Heilpern - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

Parkmead Estates 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The directors do not consider there are any critical judgements or sources of estimation uncertainty
requiring disclosure beyond the accounting policies listed.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 7 ) .

Page 3
PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2018
and 31 December 2018 22,276
DEPRECIATION
At 1 January 2018 17,079
Charge for year 1,299
At 31 December 2018 18,378
NET BOOK VALUE
At 31 December 2018 3,898
At 31 December 2017 5,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,331 1,946
Other debtors 14,218 5,906
15,549 7,852

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 180,722 138,916
Taxation and social security 48,208 31,017
Other creditors 43,051 67,246
271,981 237,179

Page 4