Parmar Property Development Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05907460 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PARMAR PROPERTY DEVELOPMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H J S Parmar Esq

Mrs S M Parmar

Mrs K Reynolds

SECRETARY:

Mrs S M Parmar

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

05907460 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

CURRENT ASSETS

Stocks

769,018

Debtors

7,055

160,130

Cash at bank

28,811

9,294

804,884

938,442

CREDITORS

Amounts falling due within one year

733,993

887,003

NET CURRENT ASSETS

70,891

51,439

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,891

51,439

CAPITAL AND RESERVES

Called up share capital

2

1,000

Profit and loss account

69,891

50,439

SHAREHOLDERS' FUNDS

70,891

51,439

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 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 17 August 2016 and were signed on its behalf by:

H J S Parmar Esq - Director

Mrs S M Parmar - Director

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).

Stocks

Stocks represents properties acquired for development and resale and are valued at lower of cost and net realisable

value.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000