Parkhaven Property Limited - Accounts to registrar (filleted) - small 18.2

Parkhaven Property Limited - Accounts to registrar (filleted) - small 18.2

PARKHAVEN PROPERTY LTD - Company Information

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IRIS Accounts Production v20.1.0.635 SC113060 Board of Directors 1.9.18 31.8.19 31.8.19 0 0 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1130602018-08-31SC1130602019-08-31SC1130602018-09-012019-08-31SC1130602017-08-31SC1130602017-09-012018-08-31SC1130602018-08-31SC113060ns15:Scotland2018-09-012019-08-31SC113060ns14:PoundSterling2018-09-012019-08-31SC113060ns10:Director12018-09-012019-08-31SC113060ns10:PrivateLimitedCompanyLtd2018-09-012019-08-31SC113060ns10:SmallEntities2018-09-012019-08-31SC113060ns10:AuditExempt-NoAccountantsReport2018-09-012019-08-31SC113060ns10:SmallCompaniesRegimeForAccounts2018-09-012019-08-31SC113060ns10:FullAccounts2018-09-012019-08-31SC113060ns10:OrdinaryShareClass12018-09-012019-08-31SC113060ns10:Director22018-09-012019-08-31SC113060ns10:RegisteredOffice2018-09-012019-08-31SC113060ns5:CurrentFinancialInstruments2019-08-31SC113060ns5:CurrentFinancialInstruments2018-08-31SC113060ns5:ShareCapital2019-08-31SC113060ns5:ShareCapital2018-08-31SC113060ns5:RetainedEarningsAccumulatedLosses2019-08-31SC113060ns5:RetainedEarningsAccumulatedLosses2018-08-31SC113060ns5:LeaseholdImprovements2018-09-012019-08-31SC113060ns5:FurnitureFittings2018-09-012019-08-31SC113060ns5:LeaseholdImprovements2018-08-31SC113060ns5:FurnitureFittings2018-08-31SC113060ns5:LeaseholdImprovements2019-08-31SC113060ns5:FurnitureFittings2019-08-31SC113060ns5:LeaseholdImprovements2018-08-31SC113060ns5:FurnitureFittings2018-08-31SC113060ns5:DeferredTaxation2018-08-31SC113060ns5:DeferredTaxation2019-08-31SC113060ns10:OrdinaryShareClass12019-08-31
REGISTERED NUMBER: SC113060 (Scotland)















Financial Statements

for the Year Ended 31 August 2019

for

Parkhaven Property Limited
Parkhaven Property Limited (Registered number: SC113060)






Contents of the Financial Statements
for the Year Ended 31 August 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkhaven Property Limited

Company Information
for the Year Ended 31 August 2019







DIRECTORS: Mrs M Osborne
T Paterson





REGISTERED OFFICE: 121 Moffat Street
New Gorbals
Glasgow
G5 0ND





REGISTERED NUMBER: SC113060 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
121 Moffat Street
Glasgow
G5 OND
Page 1
Parkhaven Property Limited (Registered number: SC113060)

Balance Sheet
31 August 2019

31.8.19 31.8.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,047 2,112

CURRENT ASSETS
Stocks 5 817,515 817,515
Debtors 6 1,247 1,343
Cash at bank and in hand 45,725 57,634
864,487 876,492
CREDITORS
Amounts falling due within one year 7 23,862 24,281
NET CURRENT ASSETS 840,625 852,211
TOTAL ASSETS LESS CURRENT
LIABILITIES
843,672
854,323

PROVISIONS FOR LIABILITIES 8 102 68
NET ASSETS 843,570 854,255

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 843,470 854,155
SHAREHOLDERS' FUNDS 843,570 854,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these financial statements

Page 2 continued...
Parkhaven Property Limited (Registered number: SC113060)

Balance Sheet - continued
31 August 2019


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2020 and were
signed on its behalf by:





Mrs M Osborne - Director


The notes form part of these financial statements

Page 3
Parkhaven Property Limited (Registered number: SC113060)

Notes to the Financial Statements
for the Year Ended 31 August 2019

1. STATUTORY INFORMATION

Parkhaven Property Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

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.

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 each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 September 2018 6,922 14,664 21,586
Additions - 1,473 1,473
At 31 August 2019 6,922 16,137 23,059
DEPRECIATION
At 1 September 2018 5,567 13,907 19,474
Charge for year 203 335 538
At 31 August 2019 5,770 14,242 20,012
NET BOOK VALUE
At 31 August 2019 1,152 1,895 3,047
At 31 August 2018 1,355 757 2,112

5. STOCKS
31.8.19 31.8.18
£    £   
Stock and Work In Progress 817,515 817,515

Page 4 continued...
Parkhaven Property Limited (Registered number: SC113060)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.19 31.8.18
£    £   
Prepayments 1,247 1,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.19 31.8.18
£    £   
Parkhaven Limited 13,209 13,209
Tax 8,515 8,992
Social security and other taxes 880 880
Accrued expenses 1,258 1,200
23,862 24,281

8. PROVISIONS FOR LIABILITIES
31.8.19 31.8.18
£    £   
Deferred tax 102 68

Deferred
tax
£   
Balance at 1 September 2018 68
Reduced capital allowances 34
Balance at 31 August 2019 102

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.19 31.8.18
value: £    £   
100 Ordinary Shares £1 100 100

10. RELATED PARTY DISCLOSURES

Mrs M Osborne, a director, is owed Nil (2018 : nil) as at the balance sheet date.

T Paterson, a director, is owed Nil (2018 : nil) as at the balance sheet date.

The directors received £46,400 of dividends during the year (2018 : £46,500)

11. ULTIMATE CONTROLLING PARTY

There was no overall controlling party in the year.

Page 5