Parkside Properties Limited - Limited company - abbreviated - 11.0.0

Parkside Properties Limited - Limited company - abbreviated - 11.0.0

PARKSIDE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03667596 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

Parkside Properties Limited

Parkside Properties Limited (Registered number: 03667596)






Contents of the Abbreviated Accounts
for the Year Ended 30 November 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Parkside Properties Limited

Company Information
for the Year Ended 30 November 2013







DIRECTOR: Mr M. Liasis





SECRETARY: Mrs L. Liasis





REGISTERED OFFICE: 1146 High Road
Whetstone
London
N20 0RA





REGISTERED NUMBER: 03667596 (England and Wales)





ACCOUNTANTS: Cymans
Chartered Certified Accountants
1146 High Road
Whetstone
London
N20 0RA
Page 1
Parkside Properties Limited (Registered number: 03667596)

Abbreviated Balance Sheet
30 November 2013

30.11.13 30.11.12
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 862,088 701,054

CURRENT ASSETS
Cash at bank and in hand 86,575 78,513

CREDITORS
Amounts falling due within one year 71,288 50,286
NET CURRENT ASSETS 15,287 28,227
TOTAL ASSETS LESS CURRENT
LIABILITIES
877,375
729,281

CREDITORS
Amounts falling due after more than one
year
3
104,995
104,995
NET ASSETS 772,380 624,286

CAPITAL AND RESERVES
Called up share capital 4 2 2
Revaluation reserve 563,426 402,369
Profit and loss account 208,952 221,915
SHAREHOLDERS' FUNDS 772,380 624,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 27 August 2014 and were signed by:




Mr M. Liasis - Director


The notes form part of these abbreviated accounts

Page 2
Parkside Properties Limited (Registered number: 03667596)

Notes to the Abbreviated Accounts
for the Year Ended 30 November 2013

1. ACCOUNTING POLICIES

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

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

Land and buildings - Nil
Plant and machinery etc - 25% on reducing balance

Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease
term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities, it is
a departure from the general requirement of the Companies Act 2006 for the tangible assets to be depreciated. In
the opinion of the director compliance with standard is necessary for the financial statements to give a true and
fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the
amount of which otherwise have been charged cannot be separately identified or qualified.

The directors are of the opinion that the value stated in the accounts for land and buildings reflect the market
value.

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

Turnover
Turnover represents rent receivable on an accrual basis.

2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 December 2012 702,043
Revaluations 161,056
At 30 November 2013 863,099
DEPRECIATION
At 1 December 2012 989
Charge for year 22
At 30 November 2013 1,011
NET BOOK VALUE
At 30 November 2013 862,088
At 30 November 2012 701,054

Page 3 continued...
Parkside Properties Limited (Registered number: 03667596)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 November 2013

3. CREDITORS

Creditors include the following debts falling due in more than five years:

30.11.13 30.11.12
£    £   
Repayable otherwise than by instalments 104,995 104,995

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.13 30.11.12
value: £    £   
2 Ordinary 1 2 2

Page 4