Parsonage Limited - Abbreviated accounts 16.1

Parsonage Limited - Abbreviated accounts 16.1

FARRMORE LIMITED - Company Information

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07563763 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 Ordinary C Shares 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075637632015-03-31075637632016-03-31075637632015-04-012016-03-31075637632014-03-31075637632014-04-012015-03-31075637632015-03-3107563763ns14:PoundSterling2015-04-012016-03-3107563763ns7:Director12015-04-012016-03-3107563763ns7:OrdinaryShareClass12015-04-012016-03-3107563763ns7:OrdinaryShareClass22015-04-012016-03-3107563763ns7:OrdinaryShareClass32015-04-012016-03-3107563763ns7:Director22015-04-012016-03-3107563763ns7:Director32015-04-012016-03-3107563763ns7:RegisteredOffice2015-04-012016-03-3107563763ns5:NetGoodwill2015-04-012016-03-3107563763ns5:ImprovementsOrDevelopmentAssets2015-04-012016-03-3107563763ns5:FixturesFittings2015-04-012016-03-3107563763ns5:ComputerEquipment2015-04-012016-03-3107563763ns5:FixedAssetInvestmentsOtherThanLoans2016-03-3107563763ns5:FixedAssetInvestmentsOtherThanLoans2015-03-3107563763ns7:OrdinaryShareClass12016-03-3107563763ns7:OrdinaryShareClass12015-03-3107563763ns7:OrdinaryShareClass22016-03-3107563763ns7:OrdinaryShareClass22015-03-3107563763ns7:OrdinaryShareClass32016-03-3107563763ns7:OrdinaryShareClass32015-03-3107563763ns7:Director22015-03-3107563763ns7:Director22014-03-3107563763ns7:Director22014-04-012015-03-3107563763ns7:Director22016-03-3107563763ns7:Director22015-03-31
REGISTERED NUMBER: 07563763








Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Parsonage Limited

Parsonage Limited (Registered number: 07563763)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Parsonage Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: Mrs F M Maudsley-Barton
S Maudsley-Barton
M Wallace





REGISTERED OFFICE: 1 - 3 Dunham Road
Altrincham
Cheshire
WA14 5RG





REGISTERED NUMBER: 07563763





Page 1
Parsonage Limited (Registered number: 07563763)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 22,352 18,000
Tangible assets 3 4,449 3,600
Investments 4 88 88
26,889 21,688

CURRENT ASSETS
Debtors 16,625 6,316
Cash at bank 56,839 26,260
73,464 32,576
CREDITORS
Amounts falling due within one year 53,660 54,064
NET CURRENT ASSETS/(LIABILITIES) 19,804 (21,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,693
200

CAPITAL AND RESERVES
Called up share capital 5 125 100
Share premium 23,217 -
Profit and loss account 23,351 100
SHAREHOLDERS' FUNDS 46,693 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 notes form part of these abbreviated accounts

Page 2 continued...
Parsonage Limited (Registered number: 07563763)

Abbreviated Balance Sheet - continued
31 March 2016


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 Board of Directors on 1 July 2016 and were signed
on its behalf by:





Mrs F M Maudsley-Barton - Director


The notes form part of these abbreviated accounts

Page 3
Parsonage Limited (Registered number: 07563763)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 January
2015).

Turnover
Turnover represents commissions received and net invoiced sales of services, exclusive of
value added tax, except in respect of service contracts where turnover is recognised when the
company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of seven years.

Goodwill purchased in the acquisition of a business in 2015 is being amortised evenly over its
estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but
not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.

Page 4 continued...
Parsonage Limited (Registered number: 07563763)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 42,000
Additions 12,940
At 31 March 2016 54,940
AMORTISATION
At 1 April 2015 24,000
Amortisation for year 8,588
At 31 March 2016 32,588
NET BOOK VALUE

At 31 March 2016 22,352
At 31 March 2015 18,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 9,481
Additions 3,196
At 31 March 2016 12,677
DEPRECIATION
At 1 April 2015 5,881
Charge for year 2,347
At 31 March 2016 8,228
NET BOOK VALUE
At 31 March 2016 4,449
At 31 March 2015 3,600

Page 5 continued...
Parsonage Limited (Registered number: 07563763)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 88
NET BOOK VALUE
At 31 March 2016 88
At 31 March 2015 88

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
89 Ordinary A Shares 1 89 100
11 Ordinary B Shares 1 11 -
25 Ordinary C Shares 1 25 -
125 100

11 Ordinary B Shares shares of 1 each were allotted and fully paid for cash at par during the
year.

25 Ordinary C Shares shares of 1 each were allotted as fully paid at a premium of 928.73 per
share during the year.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 March 2016 and 31 March 2015:

31.3.16 31.3.15
£    £   
S Maudsley-Barton
Balance outstanding at start of year 1,902 -
Amounts advanced - 18,739
Amounts repaid (1,902 ) (16,837 )
Balance outstanding at end of year - 1,902

Page 6