Parkmead Estates Ltd - Accounts to registrar (filleted) - small 18.2

Parkmead Estates Ltd - Accounts to registrar (filleted) - small 18.2

PARKMEAD ESTATES LTD - Company Information

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REGISTERED NUMBER: 06452435 (England and Wales)



















PARKMEAD ESTATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020






PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PARKMEAD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: Mr A Heilpern
Mr M Spitzer





SECRETARY: Mr A Heilpern





REGISTERED OFFICE: 153B Clapton Common
London
E5 9AE





REGISTERED NUMBER: 06452435 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS
Page 1
PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,192 2,923

CURRENT ASSETS
Debtors 6 - 7,148
Cash at bank 439,383 355,719
439,383 362,867
CREDITORS
Amounts falling due within one year 7 432,022 364,026
NET CURRENT ASSETS/(LIABILITIES) 7,361 (1,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,553
1,764

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 9,549 1,760
SHAREHOLDERS' FUNDS 9,553 1,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2021 and were signed on its behalf by:





Mr A Heilpern - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Parkmead Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The directors do not consider there are any critical judgements or sources of estimation uncertainty
requiring disclosure beyond the accounting policies listed.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 12 ) .

Page 3
PARKMEAD ESTATES LTD (REGISTERED NUMBER: 06452435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2020
and 31 December 2020 22,276
DEPRECIATION
At 1 January 2020 19,353
Charge for year 731
At 31 December 2020 20,084
NET BOOK VALUE
At 31 December 2020 2,192
At 31 December 2019 2,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 3,298
Other debtors - 3,850
- 7,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 372,796 310,343
Taxation and social security 30,917 30,604
Other creditors 28,309 23,079
432,022 364,026

Page 4