Abbreviated Company Accounts - HOLMANS PARK LIMITED

HOLMANS PARK LIMITED - Company Information

07786201 HOLMANS PARK LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 07786201 2013-07-01 2014-06-30 07786201 2014-06-30 07786201 2013-06-30 07786201 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 07786201 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 07786201

HOLMANS PARK LIMITED

Abbreviated Accounts

30 June 2014

HOLMANS PARK LIMITED Registered Number 07786201

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	987,487	992,331
		987,487	992,331
Current assets
Debtors		189,259	127,343
Cash at bank and in hand		26,813	43,925
		216,072	171,268
Creditors: amounts falling due within one year		(63,862)	(44,421)
Net current assets (liabilities)		152,210	126,847
Total assets less current liabilities		1,139,697	1,119,178
Creditors: amounts falling due after more than one year		(107,610)	(65,603)
Provisions for liabilities		(1,627)	(2,430)
Total net assets (liabilities)		1,030,460	1,051,145
Capital and reserves
Called up share capital	3	10	10
Share premium account		999,990	999,990
Profit and loss account		30,460	51,145
Shareholders' funds		1,030,460	1,051,145

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 March 2015

And signed on their behalf by:
Mr A M Holman, Director

HOLMANS PARK LIMITED Registered Number 07786201

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises income from car parking activities and a share of farming activities undertaken under a partnership agreement, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 2% Straight Line
Fixtures & fittings - 20% Straight Line

Other accounting policies
Cash flow
The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).

Farming activity
The company carries out farming activities under a partnership agreement. The company receives 50% of any profits or 100% of losses generated by the partnership in accordance with the agreement, or a share as determined from time to time by the partners. The results of the partnership are calculated on an annual basis to the same accounting reference date as the company.

Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

2Tangible fixed assets

	£
Cost
At 1 July 2013	1,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	1,000,000
Depreciation
At 1 July 2013	7,669
Charge for the year	4,844
On disposals	-
At 30 June 2014	12,513
Net book values
At 30 June 2014	987,487
At 30 June 2013	992,331

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10 Ordinary shares of £1 each	10	10