Park Grove Financial Management Ltd - Limited company - abbreviated - 11.0.0

Park Grove Financial Management Ltd - Limited company - abbreviated - 11.0.0

PARK GROVE FINANCIAL MANAGEMENT LTD. - Company Information

Print Friendly Version

04457523 1.1.13 31.12.13 31.12.13 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044575232012-12-31044575232013-12-31044575232013-01-012013-12-31044575232011-12-31044575232012-01-012012-12-31044575232012-12-3104457523ns12:England2013-01-012013-12-3104457523ns14:PoundSterling2013-01-012013-12-3104457523ns7:Director12013-01-012013-12-3104457523ns7:Director22013-01-012013-12-3104457523ns7:OrdinaryShareClass12013-01-012013-12-3104457523ns7:CompanySecretary2013-01-012013-12-3104457523ns7:RegisteredOffice2013-01-012013-12-3104457523ns7:EntityAccountantsOrAuditors2013-01-012013-12-3104457523ns5:PlantMachinery2013-01-012013-12-3104457523ns7:OrdinaryShareClass12013-12-3104457523ns7:OrdinaryShareClass12012-12-31
REGISTERED NUMBER: 04457523 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

PARK GROVE FINANCIAL MANAGEMENT LTD

PARK GROVE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 04457523)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

PARK GROVE FINANCIAL MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: M Phillips
T Harrop-Griffiths





SECRETARY:





REGISTERED OFFICE: Marine House
275 Cowbridge Road East
Canton
Cardiff
CF5 1JB





REGISTERED NUMBER: 04457523 (England and Wales)





ACCOUNTANTS: Cotsen and Company Limited
Accountants
Suite B2 Ground Floor
Copthorne Way
St Hilary Court
Cardiff
CF5 6ES
Page 1
PARK GROVE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 04457523)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 127,755 135,270
Tangible assets 3 725 1,292
128,480 136,562

CURRENT ASSETS
Debtors 14,054 11,653
Cash at bank and in hand 116 177
14,170 11,830
CREDITORS
Amounts falling due within one year 102,853 72,295
NET CURRENT LIABILITIES (88,683 ) (60,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,797
76,097

CAPITAL AND RESERVES
Called up share capital 4 10,500 10,500
Revaluation reserve 150,300 150,300
Profit and loss account (121,003 ) (84,703 )
SHAREHOLDERS' FUNDS 39,797 76,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts

Page 2 continued...
PARK GROVE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 04457523)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 20 August 2014 and were signed on its behalf by:




M Phillips - Director



T Harrop-Griffiths - Director


The notes form part of these abbreviated accounts

Page 3
PARK GROVE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 04457523)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% on cost and 15% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 150,300
AMORTISATION
At 1 January 2013 15,030
Amortisation for year 7,515
At 31 December 2013 22,545
NET BOOK VALUE

At 31 December 2013 127,755
At 31 December 2012 135,270

Page 4 continued...
PARK GROVE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 04457523)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 18,054
DEPRECIATION
At 1 January 2013 16,762
Charge for year 567
At 31 December 2013 17,329
NET BOOK VALUE
At 31 December 2013 725
At 31 December 2012 1,292

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
10,500 Ordinary £1 10,500 10,500

Page 5