NEWPARCS_INVESTMENTS_LIMI - Accounts

NEWPARCS INVESTMENTS LIMITED - Company Information

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Company Registration No. 04606159 (England and Wales)

NEWPARCS INVESTMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

NEWPARCS INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NEWPARCS INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,040,000

Current assets

Cash at bank and in hand

3,535

4,132

Creditors: amounts falling due within one year

(214,392)

(225,343)

Net current liabilities

(210,857)

(221,211)

Total assets less current liabilities

829,143

818,789

Creditors: amounts falling due after more than one year

(1,098,894)

(269,751)

(280,105)

Capital and reserves

Called up share capital

Profit and loss account

(269,753)

(280,107)

Shareholder's funds

(269,751)

(280,105)

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.

Director's responsibilities:

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

The director acknowledges her 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 16 December 2015

Mr J E Connearn

Director

Company Registration No. 04606159

NEWPARCS 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been prepared on a going concern basis as the company will continue to receive the full support from the Directors and it is anticipated that the company will make profits in the foreseeable future.

1.2

Tangible fixed assets and depreciation

Land & buildings and fixtures and fittings held in the company are held as investment properties.

Investment properties are included in the balance sheet at their original cost. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

1,082,161

Depreciation

At 1 April 2014 & at 31 March 2015

42,161

Net book value

At 31 March 2015

1,040,000

At 31 March 2014

1,040,000

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £1,098,894).

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each