Abbreviated Company Accounts - PARK DIGITAL LIMITED

PARK DIGITAL LIMITED - Company Information

08988196 PARK DIGITAL LIMITED 2015-02-28 false 2014-04-09 2015-02-28 true 08988196 2014-04-09 2015-02-28 08988196 2015-02-28 08988196 uk-gaap-cd-bus:Director1 2014-04-09 2015-02-28 08988196 uk-gaap-cd-bus:Director2 2014-04-09 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-09 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 08988196

PARK DIGITAL LIMITED

Abbreviated Accounts

28 February 2015

PARK DIGITAL LIMITED Registered Number 08988196

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015
		£
Current assets
Debtors		1
		1
Net current assets (liabilities)		1
Total assets less current liabilities		1
Total net assets (liabilities)		1
Capital and reserves
Called up share capital	2	1
Shareholders' funds		1

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 September 2015

And signed on their behalf by:
Mrs K A Marshall, Director

PARK DIGITAL LIMITED Registered Number 08988196

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

On 28 February 2015, the company's trade and all assets and liabilities were transferred to a connected company, Park Group South West Limited, as a going concern, with the company ceasing to trade as of that date.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 15% per annum on a reducing balance basis
Computer equipment 15% per annum on a reducing balance basis
Motor vehicles 25% per annum on a reducing balance basis

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years.

Other accounting policies
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
1 Ordinary share of £1 each	1

Ultimate parent company
The ultimate parent company is PGH (South West) Limited, a company registered in England and Wales, which holds 100% of the issued share capital of this company.