Accounts filed on 31-07-2020

Accounts filed on 31-07-2020

PAROVINE PROPERTIES LIMITED - Company Information

Print Friendly Version

814327falseproperty development,property investment and the collection of rental income2019-08-012020-07-31http://www.companieshouse.gov.uk/2019-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2019-07-31http://www.companieshouse.gov.uk/cd:Director12019-08-012020-07-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2019-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2020-07-31http://www.companieshouse.gov.uk/cd:Director22019-08-012020-07-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2019-07-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2020-07-31http://www.companieshouse.gov.uk/cd:Director32019-08-012020-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2019-07-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2020-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12019-08-012020-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2020-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2019-08-012020-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2019-08-012020-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2019-07-31http://www.companieshouse.gov.uk/2019-08-012020-07-31http://www.companieshouse.gov.uk/2019-07-31http://www.companieshouse.gov.uk/cd:FRS1022019-08-012020-07-31http://www.companieshouse.gov.uk/2020-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2019-08-012020-07-31http://www.companieshouse.gov.uk/pt:LandBuildings2019-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2019-08-012020-07-31http://www.companieshouse.gov.uk/pt:LandBuildings2020-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 814327
Parovine Properties Limited
ACCOUNTS
FOR THE YEAR ENDED 31/07/2020
Prepared By:
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL
Parovine Properties Limited
ACCOUNTS
FOR THE YEAR ENDED 31/07/2020
DIRECTORS
Mrs Judith A Melen
David B Melen
Jonathan C Melen
SECRETARY
David B Melen
REGISTERED OFFICE
12 Brodgen Terrace
SALE
Cheshire
M33 7UF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 814327
ACCOUNTANTS
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL
Parovine Properties Limited
ACCOUNTS
FOR THEYEARENDED31/07/2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Parovine Properties Limited
BALANCE SHEET AT 31/07/2020
20202019
Notes££
FIXED ASSETS
Tangible assets3346,327347,680
CURRENT ASSETS
Debtors47,9168,099
Cash at bank and in hand52,44744,793
60,36352,892
CREDITORS: Amounts falling due within one year514,92313,806
NET CURRENT ASSETS45,44039,086
TOTAL ASSETS LESS CURRENT LIABILITIES391,767386,766
CREDITORS: Amounts falling due after more than one year6225,000225,000
PROVISIONS FOR LIABILITIES AND CHARGES71,4131,670
NET ASSETS165,354160,096
CAPITAL AND RESERVES
Called up share capital8300300
Profit and loss account165,054159,796
SHAREHOLDERS' FUNDS165,354160,096
For the year ending 31/07/2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/10/2020 and signed on their behalf by
.............................
Jonathan C Melen
Director
Parovine Properties Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentstraight line 20%
2. EMPLOYEES
20202019
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Land AndCommercialFixtures
BuildingsVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/08/2019338,74110,67149,0613,003401,476
At 31/07/2020338,74110,67149,0613,003401,476
Depreciation
At 01/08/2019-10,61840,3032,87553,796
For the year-131,314261,353
At 31/07/2020-10,63141,6172,90155,149
Net Book Amounts
At 31/07/2020338,741407,444102346,327
At 31/07/2019338,741538,758128347,680
Parovine Properties Limited
4. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors7,0757,283
Prepayments841816
7,9168,099
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax1,4872,523
PAYE control-292
Directors current account5,0367,005
Credit card24365
Trade creditors7,176271
Accruals1,2003,350
14,92313,806
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20202019
££
Bank loans (secured) >1yr225,000225,000
225,000225,000
7. PROVISIONS FOR LIABILITIES 20202019
££
Deferred taxation1,4131,670
1,4131,670
Parovine Properties Limited
8. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
300 Ordinary shares of £1 each300300
300300