Parkhouse Farm Developments Ltd - Accounts to registrar (filleted) - small 18.2
Parkhouse Farm Developments Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| FOR |
| PARKHOUSE FARM DEVELOPMENTS LTD |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PARKHOUSE FARM DEVELOPMENTS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 36 - 40 Doncaster Road |
| Barnsley |
| South Yorkshire |
| S70 1TL |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| BALANCE SHEET |
| 31ST OCTOBER 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Fair value reserve | 12 |
| Retained earnings | 267,626 | 227,478 |
| SHAREHOLDERS' FUNDS |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| BALANCE SHEET - continued |
| 31ST OCTOBER 2020 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| 1. | STATUTORY INFORMATION |
| Parkhouse Farm Developments Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Motor |
| vehicles |
| £ |
| COST |
| At 1st November 2019 |
| and 31st October 2020 |
| DEPRECIATION |
| At 1st November 2019 |
| Charge for year |
| At 31st October 2020 |
| NET BOOK VALUE |
| At 31st October 2020 |
| At 31st October 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1st November 2019 |
| and 31st October 2020 |
| NET BOOK VALUE |
| At 31st October 2020 |
| At 31st October 2019 |
| This represents the cost of a 100% shareholding in Windmill Homes (Yorkshire) Ltd. |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Unit 5a Construction Way Barkston Road, Carlton Industrial Estate, Barnsley, United Kingdom, S71 3HU |
| Nature of business: |
| % |
| Class of shares: | holding |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st November 2019 |
| Revaluations | 114,748 |
| At 31st October 2020 |
| NET BOOK VALUE |
| At 31st October 2020 |
| At 31st October 2019 |
| Fair value at 31st October 2020 is represented by: |
| £ |
| Valuation in 2020 | 114,748 |
| Cost | 255,252 |
| 370,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 255,252 | - |
| Investment properties were valued on an open market value basis on 31st October 2020 by the directors . |
| 7. | STOCKS |
| 2020 | 2019 |
| £ | £ |
| Work-in-progress |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2020 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Tax |
| VAT | 5,777 | 8,471 |
| Directors' current accounts | 112 | 190,810 |
| Accrued expenses |
| 10. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 20,921 | 596 |
| Deferred |
| tax |
| £ |
| Balance at 1st November 2019 |
| Provided during year |
| Balance at 31st October 2020 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 12. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Transfer to fair value | 114,748 |
| Deferred tax transfer | (20,444 | ) |
| At 31st October 2020 |
| 13. | RELATED PARTY DISCLOSURES |
| The company was owed £135,812 from Contract Building & Roofing Limited (2019 - £31,998) at the balance sheet date from inter company lending. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is D Chambers. |