Abbreviated Company Accounts - PARKHAVEN PROPERTY LTD

Abbreviated Company Accounts - PARKHAVEN PROPERTY LTD

PARKHAVEN PROPERTY LTD - Company Information

Print Friendly Version

Registered Number SC113060

PARKHAVEN PROPERTY LTD

Abbreviated Accounts

31 August 2014

PARKHAVEN PROPERTY LTD Registered Number SC113060

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 24,290 32,291
24,290 32,291
Current assets
Stocks 966,353 1,065,686
Debtors 3,816 -
Cash at bank and in hand 247,094 427,744
1,217,263 1,493,430
Creditors: amounts falling due within one year (119,843) (268,112)
Net current assets (liabilities) 1,097,420 1,225,318
Total assets less current liabilities 1,121,710 1,257,609
Total net assets (liabilities) 1,121,710 1,257,609
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,121,610 1,257,509
Shareholders' funds 1,121,710 1,257,609
  • For the year ending 31 August 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 29 May 2015

And signed on their behalf by:
M Osborne, Director

PARKHAVEN PROPERTY LTD Registered Number SC113060

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 represents net invoiced sales of services,excluding value added tax.

Tangible assets depreciation policy
Property improvements - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 September 2013 57,576
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2014 57,576
Depreciation
At 1 September 2013 25,285
Charge for the year 8,001
On disposals -
At 31 August 2014 33,286
Net book values
At 31 August 2014 24,290
At 31 August 2013 32,291