Parkway Securities Limited - Limited company - abbreviated - 11.9
Parkway Securities Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Parkway Securities Limited |
| Abbreviated Unaudited Accounts for the Year Ended 30 April 2015 |
| Parkway Securities Limited (Registered number: 04602447) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 April 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Parkway Securities Limited |
| Company Information |
| for the Year Ended 30 April 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Parkway Securities Limited (Registered number: 04602447) |
| Abbreviated Balance Sheet |
| 30 April 2015 |
| 30.4.15 | 30.4.14 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors on |
| Parkway Securities Limited (Registered number: 04602447) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 April 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents recovery of development costs from the client during the period of development. Profit is taken when it |
| can accurately be determined. |
| Deferred tax |
| Deferred taxation is provided on all reversible timing differences that arise when comparing the accounting profit with the |
| profits that are chargeable to taxation. Deferred taxation is not provided on any permanent timing differences that may |
| arise. At the balance sheet date, the required provision for deferred taxation is compared with the provision at the |
| beginning of the period and any difference is credited or debited to the profit and loss account. Deferred tax assets are only |
| recognised when there is a reasonable certainty that they will be recoverable in the future. |
| Accrued income |
| The company carries forward as accrued income all direct and related expenditure in respect of uncompleted contracts for |
| the development of properties or options on properties, valued at the lower of cost and net realisable value. Where |
| appropriate, interest on loans specifically relating to a particular development is included as related expenditure. The |
| company undertakes developments on such terms that it cannot determine profit until the property development is complete. |
| Therefore, no attributable profit is taken on such uncompleted developments. Payments on account received by the |
| company are deducted from the value of accrued income. Where payments on account exceed the value of accrued income |
| they are carried forward as creditors. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.15 | 30.4.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | ULTIMATE CONTROLLING PARTY |
| The company was under the control of Mr T R Baines, throughout the year. |