ACCOUNTS - Final Accounts

PARKER BROMLEY GROUP LIMITED - Company Information

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Registered number: 10408816

PARKER BROMLEY GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2019

PARKER BROMLEY GROUP LIMITED

REGISTERED NUMBER: 10408816

BALANCE SHEET

AS AT 30 JUNE 2019

		2019		2018
Note		£		£

Fixed assets
Investments	4		-		960,761
			-		960,761
Current assets
Debtors: amounts falling due within one year	5	50		50
		50		50
Creditors: amounts falling due within one year	6	(263,933)		(317,393)
Net current liabilities			(263,883)		(317,343)
Total assets less current liabilities			(263,883)		643,418
Creditors: amounts falling due after more than one year	7		(353,478)		(641,518)

Net (liabilities)/assets			(617,361)		1,900

Capital and reserves
Called up share capital	1,900	1,900
Profit and loss account	(619,261)	-
	(617,361)	1,900

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PARKER BROMLEY GROUP LIMITED

REGISTERED NUMBER: 10408816

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2019

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf
on 31 March 2020.

J R J Parker

Director

The notes on pages 3 to 5 form part of these financial statements.

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PARKER BROMLEY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

1.	General information

Parker Bromley Group Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House, Crossways Business Park, Claire Causeway, Dartford, Kent, DA2 6QA. The principal activity of the company is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

During the year both of the company's subsidiary undertakings have ceased to trade (see note 4). As a result the company is now dormant and the directors expect this to remain the case for the foreseeable future. The directors do not expect any further adjustments to arise from the cessation of trade in subsidiaries.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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PARKER BROMLEY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£

	At 1 July 2018	960,761
	Amounts written off	(960,761)
	At 30 June 2019	-

During the year the company's subsidiary, Parker Bromley Limited, has gone into administration and ceased trading. Also during the year the company's other subsidiary, Vinco Recruitment Solutions Limited, has ceased trading and has been struck off.

Debtors

					2019	2018
					£	£


Called up share capital not paid	50	50
	50	50

6.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Amounts owed to group undertakings	263,933	263,933
Other creditors	-	53,460
	263,933	317,393

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PARKER BROMLEY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

7.	Creditors: Amounts falling due after more than one year
		2019	2018
		£	£

Other creditors	353,478	641,518
	353,478	641,518

8.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

950 (2018 - 950) Ordinary A shares shares of £1.00 each	950	950
950 (2018 - 950) Ordinary B shares shares of £1.00 each	950	950

	1,900	1,900

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