Park Lane Developments London Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06024743 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PARK LANE DEVELOPMENTS LONDON LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Taskin Izzet

SECRETARY:

Mrs Sonbil Izzet

REGISTERED OFFICE:

Second Floor

61-67 Old Street

London

London

EC1V 9HW

REGISTERED NUMBER:

06024743 (England and Wales)

ACCOUNTANTS:

Fordhams & Co.

Chartered Accountants

Second Floor

61-67 Old Street

London

EC1V 9HW

FIXED ASSETS

Investment property

2

835,824

835,824

CURRENT ASSETS

Debtors

196,391

180,322

Cash at bank

374

-

196,765

180,322

CREDITORS

Amounts falling due within one year

30,030

21,312

NET CURRENT ASSETS

166,735

159,010

TOTAL ASSETS LESS CURRENT LIABILITIES

1,002,559

994,834

CREDITORS

Amounts falling due after more than one year

3

949,500

949,500

NET ASSETS

53,059

45,334

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

52,959

45,234

SHAREHOLDERS' FUNDS

53,059

45,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 February 2015 and were signed by:

Taskin Izzet - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Investment property

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

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

835,824

NET BOOK VALUE

At 31 March 2014

835,824

At 31 March 2013

835,824

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.14

31.3.13

£

£

Repayable otherwise than by instalments

949,500

949,500

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary shares

£1.00

100

100

5.	RELATED PARTY DISCLOSURES

Greenberg Development Limited

Associate Company

The company owes £8,248 to Greenberg Development Limited. This amount is interest free and appears on the

Balance Sheet under creditors falling due within one year.

Greenberg Home Counties Development Limited

Associate Company

Greenberg Home Counties Development Limited owes £180,322 to the company at the end of the year. This

amount is interest free and appears on the Balance Sheet under current assets.