Satnam Parhar Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02953437 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Satnam Parhar Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Parhar

Mrs J Parhar

SECRETARY:

Mr S Parhar

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

02953437 (England and Wales)

ACCOUNTANTS:

A4G LLP

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Tangible assets

2

197,853

200,098

Investments

3

444,079

382,133

641,932

582,231

CURRENT ASSETS

Debtors

281,710

166,223

Cash at bank and in hand

17,542

-

299,252

166,223

CREDITORS

Amounts falling due within one year

130,744

137,680

NET CURRENT ASSETS

168,508

28,543

TOTAL ASSETS LESS CURRENT LIABILITIES

810,440

610,774

CREDITORS

Amounts falling due after more than one year

4

114,787

129,996

NET ASSETS

695,653

480,778

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

695,553

480,678

SHAREHOLDERS' FUNDS

695,653

480,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 10 August 2015 and were signed on its behalf by:

Mr S Parhar - Director

Mrs J Parhar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

Turnover

Turnover represents net invoiced nursery services.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

243,192

Additions

640

At 31 December 2014

243,832

DEPRECIATION

At 1 January 2014

43,094

Charge for year

2,885

At 31 December 2014

45,979

NET BOOK VALUE

At 31 December 2014

197,853

At 31 December 2013

200,098

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2014

2013

£

£

Brought forward

382,133

227,576

Capital introduced

40,000

98,000

Partnership profit/(loss)

share

61,946

110,057

Drawings

(40,000

)

(53,500

)

444,079

382,133

4.

CREDITORS

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

2014

2013

£

£

Repayable by instalments

51,124

66,333

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the start of the year a balance of £115,578 (2013: £16,665) was due from the directors, Mr S Parhar and Mrs J

Parhar. During the year the company made loans of £93,834 (2013: £95,820) to the directors, Mr S Parhar and

Mrs J Parhar. The company has charged a commercial rate of interest on the loan, being £7,256 (2013 : £3,093).

This therefore leaves £216,668 (2013: £115,578) held under debtors due within one year.