Peel Park Properties Management Limited 30/12/2019 iXBRL

Peel Park Properties Management Limited 30/12/2019 iXBRL

PEEL PARK PROPERTIES MANAGEMENT LIMITED - Company Information

Print Friendly Version

0 30/12/2019 2019-12-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2019-01-01 Sage Accounts Production 2020 Update 1 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 10506630 2019-01-01 2019-12-30 10506630 2019-12-30 10506630 2018-01-01 2018-12-31 10506630 2018-12-31 10506630 2017-12-31 10506630 bus:RegisteredOffice 2019-01-01 2019-12-30 10506630 bus:LeadAgentIfApplicable 2019-01-01 2019-12-30 10506630 bus:Director1 2019-01-01 2019-12-30 10506630 bus:Director2 2019-01-01 2019-12-30 10506630 bus:Director3 2019-01-01 2019-12-30 10506630 bus:Director4 2019-01-01 2019-12-30 10506630 bus:Director5 2019-01-01 2019-12-30 10506630 core:RetainedEarningsAccumulatedLosses 2018-01-01 2018-12-31 10506630 core:ShareCapital 2019-01-01 2019-12-30 10506630 core:RetainedEarningsAccumulatedLosses 2019-01-01 2019-12-30 10506630 core:WithinOneYear 2019-12-30 10506630 core:WithinOneYear 2018-12-31 10506630 core:ShareCapital 2019-12-30 10506630 core:ShareCapital 2018-12-31 10506630 core:RetainedEarningsAccumulatedLosses 2019-12-30 10506630 core:RetainedEarningsAccumulatedLosses 2018-12-31 10506630 core:ShareCapital 2017-12-31 10506630 core:RetainedEarningsAccumulatedLosses 2017-12-31 10506630 bus:SmallEntities 2019-01-01 2019-12-30 10506630 bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-30 10506630 bus:FullAccounts 2019-01-01 2019-12-30 10506630 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-30 10506630 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-30 10506630 core:AllUnconsolidatedStructuredEntities 2019-01-01 2019-12-30
Company registration number: 10506630
Peel Park Properties Management Limited
Unaudited filleted financial statements
30 December 2019
Peel Park Properties Management Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Peel Park Properties Management Limited
Directors and other information
Directors Mr P H Hargreaves (Resigned 8 August 2019)
Mr ARJ Wellock (Appointed 8 August 2019)
Mrs JA Wellock (Appointed 8 August 2019)
Ms SM Wellock (Appointed 8 August 2019)
Mr SC Weatherill (Appointed 8 August 2019)
Company number 10506630
Registered office Croft House
Station Road
Barnolddswick
Lancashire
BB18 5NA
Accountants Windle and Bowker Limited
Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Peel Park Properties Management Limited
Statement of financial position
30 December 2019
30/12/19 31/12/18
Note £ £ £ £
Current assets
Cash at bank and in hand 27 27
_______ _______
27 27
Creditors: amounts falling due
within one year 4 ( 3,285) ( 1,415)
_______ _______
Net current liabilities ( 3,258) ( 1,388)
_______ _______
Total assets less current liabilities ( 3,258) ( 1,388)
_______ _______
Net liabilities ( 3,258) ( 1,388)
_______ _______
Capital and reserves
Called up share capital 8 5
Profit and loss account ( 3,266) ( 1,393)
_______ _______
Shareholders deficit ( 3,258) ( 1,388)
_______ _______
For the period ending 30 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 March 2021 , and are signed on behalf of the board by:
Mrs JA Wellock
Director
Company registration number: 10506630
Peel Park Properties Management Limited
Statement of changes in equity
Period ended 30 December 2019
Called up share capital Profit and loss account Total
£ £ £
At 31 December 2017 5 ( 660) ( 655)
Loss for the period ( 733) ( 733)
_______ _______ _______
Total comprehensive income for the period - ( 733) ( 733)
_______ _______ _______
At 31 December 2018 and 1 January 2019 5 ( 1,393) ( 1,388)
Loss for the period ( 1,873) ( 1,873)
_______ _______ _______
Total comprehensive income for the period - ( 1,873) ( 1,873)
Issue of shares 3 3
_______ _______ _______
Total investments by and distributions to owners 3 - 3
_______ _______ _______
At 30 December 2019 8 ( 3,266) ( 3,258)
_______ _______ _______
Peel Park Properties Management Limited
Notes to the financial statements
Period ended 30 December 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Croft House, Station Road, Barnolddswick, Lancashire, BB18 5NA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Creditors: amounts falling due within one year
30/12/19 31/12/18
£ £
Other creditors 3,285 1,415
_______ _______
5. Related party transactions
The Directors provided interest free loans to the company. The balance due to them at the year end was £2,625 (2018 - £755). This balance is included in creditors falling due within one year.