| COUNTRYPARK PROPERTIES LIMITED |
| Registered number: |
04590184 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
2,050 |
|
|
2,050 |
| Debtors |
|
|
3,125 |
|
|
2,244 |
| Investments held as current assets |
|
|
1 |
|
|
1 |
| Cash at bank and in hand |
|
|
20,173 |
|
|
35,412 |
|
|
|
25,349 |
|
|
39,707 |
|
| Creditors: amounts falling due within one year |
2 |
|
(899) |
|
|
(15,804) |
|
| Net current assets |
|
|
|
24,450 |
|
|
23,903 |
|
| Net assets |
|
|
|
24,450 |
|
|
23,903 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
2 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
24,448 |
|
|
23,901 |
|
| Shareholder's funds |
|
|
|
24,450 |
|
|
23,903 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit 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 the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities ( effective April 2008) relating to small companies. |
|
|
|
| S Parkinson |
| Director |
| Approved by the board on 8 August 2014 |
|
| COUNTRYPARK PROPERTIES LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
The particular accounting policies adopted are described below : |
|
|
Turnover and profit |
|
Turnover represents the amounts receivable in respect of ground rents from investments in long |
|
leasehold interests |
|
|
Investments |
|
Investments represent the historical cost of freehold interests in long leasehold properties. |
|
Ground rents receivable are accounted for as they arise. Profit on disposal of freehold interests |
|
is recognised when sales arise. Provision is only made where, in the directors opinion, there has |
|
been an impairment in the carrying value. |
|
|
Stocks |
|
Land and buildings for resale are stated at cost , being actual purchase price , less amounts |
|
transferred to cost of sales when properties are sold. Cost includes site development |
|
expenditure and directly related professional charges. Stocks have been valued at the lower of |
|
|
Taxation |
|
Current U K corporation tax is provided at amount expected to be paid using tax rates and |
|
laws that have been substantively enacted by the balance sheet date. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
| 2 |
Creditors |
|
|
Included in creditors are the following: |
|
|
|
|
|
|
2014 |
|
2013 |
| £ |
£ |
|
Loan from CountryPark Estates Limited |
15,000 |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
The above loan is from an associated undertaking and is unsecured, |
|
interest free and repayable on demand . |
|
|
|
|
|
| 2 |
Share capital |
Nominal |
|
|
|
2014 |
|
2013 |
| value |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
|
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
