Abbreviated Company Accounts - PARC LAND INVESTMENT LIMITED
Abbreviated Company Accounts - PARC LAND INVESTMENT LIMITED
Registered Number 09015307
PARC LAND INVESTMENT LIMITED
Abbreviated Accounts
30 April 2015
PARC LAND INVESTMENT LIMITED Registered Number 09015307
Abbreviated Balance Sheet as at 30 April 2015
| Notes | 2015 | ||
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| £ | |||
| Current assets | |||
| Stocks |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 2 |
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| Shareholders' funds |
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For the year ending 30 April 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
And signed on their behalf by:
PARC LAND INVESTMENT LIMITED Registered Number 09015307
Notes to the Abbreviated Accounts for the period ended 30 April 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity
instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.