Parkview Properties (Derby) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06697345 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

31st December 2015

for

Parkview Properties (Derby) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P S Thornewill

SECRETARY:

Mrs K A Thornewill

REGISTERED OFFICE:

50 Osmaston Road

Derby

Derbyshire

DE1 2HU

REGISTERED NUMBER:

06697345 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

3 Derby Road

Ripley

Derbyshire

DE5 3EA

FIXED ASSETS

Investments

2

Investment property

3

585,000

585,002

CURRENT ASSETS

Debtors

83,771

103,246

Cash at bank

53,970

40,246

137,741

143,492

CREDITORS

Amounts falling due within one year

19,545

21,410

NET CURRENT ASSETS

118,196

122,082

TOTAL ASSETS LESS CURRENT
LIABILITIES

703,198

707,084

CREDITORS

Amounts falling due after more than one
year

4

629,001

629,004

NET ASSETS

74,197

78,080

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

45,000

Profit and loss account

29,195

33,078

SHAREHOLDERS' FUNDS

74,197

78,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5th May 2016 and were signed by:

P S Thornewill - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Parkview Properties (Derby) Limited as an

individual company and do not contain consolidated financial information as the parent of a group.

The company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover represents net invoiced sales, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st January 2015

and 31st December 2015

2

NET BOOK VALUE

At 31st December 2015

2

At 31st December 2014

2

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

J & K Developments Limited

Nature of business: Construction.

%

Class of shares:

holding

Ordinary

100.00

31.12.15

31.12.14

£

Aggregate capital and reserves

284,039

254,902

Profit for the year

94,813

230,199

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st January 2015

and 31st December 2015

585,000

NET BOOK VALUE

At 31st December 2015

585,000

At 31st December 2014

585,000

4.

CREDITORS

Creditors include an amount of £ 629,001 (31.12.14 - £ 629,004 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.12.15

31.12.14

£

Repayable otherwise than by instalments

629,001

629,004

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2