ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

B. & T. PARKIN LIMITED - Company Information

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00849751 2014-01-01 false true 2014-12-312014-12-31 00849751 2014-01-01 2014-12-31 00849751 2014-12-31 00849751 2013-12-31 00849751 c:OrdinaryShareClass1 2014-12-31 00849751 c:OrdinaryShareClass1 2013-12-31 00849751 c:OrdinaryShareClass1 2014-01-01 2014-12-31 00849751 c:Director2 2014-01-01 2014-12-31 00849751 d:LandBuildings d:OwnedOrFreeholdTangibleFixedAssets 2014-01-01 2014-12-31 00849751 d:Subsidiary1 2014-01-01 2014-12-31 00849751 d:Subsidiary2 2014-01-01 2014-12-31 00849751 d:Subsidiary1 2014-12-31 00849751 d:Subsidiary2 2014-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00849751










B & T PARKIN LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014
 
B & T PARKIN LIMITED
REGISTERED NUMBER: 00849751

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
247,401
247,401
 
Investments
 
3
4

4








247,405

247,405
 
CURRENT ASSETS





 
Debtors
18,609
16,654

 
Cash at bank

2,752
15,899







 
21,361
32,553
 
CREDITORS: amounts falling due within one year
(7,135)
(9,397)
 
NET CURRENT ASSETS


14,226

23,156
 
NET ASSETS
 261,631

 270,561
  
CAPITAL AND RESERVES

 
Called up share capital
4
1,000
1,000
 
Profit and loss account
260,631
269,561
 
SHAREHOLDERS' FUNDS
 

 261,631

 270,561


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2014 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 22 September 2015.




R J Parkin
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
B & T PARKIN LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property
-
See below

No depreciation is provided in respect of the freehold property as required by the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Companies Act 2006. It is the company's policy to maintain its property in a sound state of repair and accordinly the directors consider that the life of its property is so long and the residual value such that depreciation is immaterial. The directors are of the opinion that this policy is necessary to give a more true and fair view.

1.4
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

1.5
Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.


2.TANGIBLE FIXED ASSETS



£


Cost 



At 1 January 2014 and 31 December 2014

247,401




Net book value


At 31 December 2014
 247,401


At 31 December 2013

 247,401

Page 2
 
B & T PARKIN LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

3.FIXED ASSET INVESTMENTS



£


Cost or valuation



At 1 January 2014 and 31 December 2014

4




Net book value


At 31 December 2014
 4


At 31 December 2013

 4

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name
Class of shares
Holding



B&E Parkin Leisure Ltd
Ordinary
100%
Ray Parkin & Sons Ltd
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2014 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(loss)

        £
        £



B&E Parkin Leisure Ltd
50,629
(5,798)
Ray Parkin & Sons Ltd
(46,943)
327


4.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
 1,000
 1,000

Page 3