PARC_MAWR_INVESTMENTS_LIM - Accounts

PARC MAWR INVESTMENTS LIMITED - Company Information

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Company Registration No. 00670957 (England and Wales)

PARC MAWR INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

PARC MAWR INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PARC MAWR INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,748,292

2,662,368

Investments

146,154

362,154

2,894,446

3,024,522

Current assets

Debtors

150,949

147,919

Cash at bank and in hand

1,044,517

1,134,948

1,195,466

1,282,867

Creditors: amounts falling due within one year

(77,805)

(67,484)

Net current assets

1,117,661

1,215,383

Total assets less current liabilities

4,012,107

4,239,905

Capital and reserves

Called up share capital

15,000

Revaluation reserve

1,134,590

1,187,088

Profit and loss account

2,862,517

3,037,817

Shareholders' funds

4,012,107

4,239,905

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 September 2015

D E K Richards

W S Phillips

Director

Company Registration No. 00670957

PARC MAWR INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts received from the sale, lease or development of land and buildings.

1.3

Tangible fixed assets and depreciation

No depreciation is provided on the revalued investment properties. The properties are well maintained and regularly reviewed for impairment.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2014

2,662,368

362,154

3,024,522

Additions

145,000

Disposals

(59,076)

(216,000)

(275,076)

At 31 March 2015

2,748,292

146,154

2,894,446

At 31 March 2014

2,662,368

362,154

3,024,522

In the opinion of the directors', there is no permanent diminution in the value of listed and unlisted investments.

Share capital

2015

2014

Allotted, called up and fully paid

15,000 ordinary shares of £1 each

15,000

Related party relationships and transactions

PARC MAWR INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

Related party relationships and transactions

(Continued)

- 3 -

Other transactions

During the year the company paid agency fees of £7,185 (2014 : £7,463) to Messrs Rees Richards & Partners.

At the balance sheet date the company is owed £37,667 (2014 : £34,322) by Messrs Rees Richards & Partners in respect of rents collected on behalf of the company.

During the year the company received rental income from Messrs Rees Richards & Partners of £1,350 (2014 : £1,350) in respect of the occupancy of Druslyn House, a property owned by the company.

Mr D E K Richards and Mr W S Phillips, directors of the company are also a partner in, and consultant to that firm respectively.