Parkvalley Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01607987 (England and Wales)

Unaudited Financial Statements

for the Year Ended

25 March 2021

for

Parkvalley Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A A Shephard

SECRETARY:

A J Robertson

REGISTERED OFFICE:

Wrights House

102-104 High Street

Great Missenden

HP16 0BE

REGISTERED NUMBER:

01607987 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Tangible assets

4

6,000

6,000

CURRENT ASSETS

Debtors

5

350

772

Cash at bank

6,999

3,549

7,349

4,321

CREDITORS

Amounts falling due within one year

6

2,285

2,192

NET CURRENT ASSETS

5,064

2,129

TOTAL ASSETS LESS CURRENT LIABILITIES

11,064

8,129

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

11,052

8,117

SHAREHOLDERS' FUNDS

11,064

8,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 March 2021 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2021 and were signed by:

A A Shephard - Director

1.	STATUTORY INFORMATION

Parkvalley Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT

Tangible fixed assets

No depreciation is provided on the buildings as the residual value is considered to be sufficiently high as to make depreciation immaterial.

Residential management transactions

A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 26 March 2020

and 25 March 2021

6,000

NET BOOK VALUE

At 25 March 2021

6,000

At 25 March 2020

6,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.3.21

25.3.20

£

£

Service charges in arrears

350

772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.3.21

25.3.20

£

£

Trade creditors

1,004

-

Service charges prepaid

-

1,300

Other creditors

417

417

Accrued expenses

864

475

2,285

2,192