PARKJOCKEY_GLOBAL_LTD - Accounts
PARKJOCKEY_GLOBAL_LTD - Accounts
Company Registration No. 08573035 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
Investments
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(827,656 )
(166,173 )
Net current liabilities
(170,239 )
(50,293 )
Total assets less current liabilities
(112,315 )
(47,375 )
Creditors: amounts falling due after more than one year
-
(17,400 )
(112,315)
(64,775)
Capital and reserves
Called up share capital
3
Profit and loss account
(112,515 )
(64,975 )
Shareholders' funds
(112,315 )
(64,775 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 9 September 2016
Director
Company Registration No. 08573035
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
Going Concern
Included in the balance sheet is £826,256 due to ParkJockey Global Inc. ParkJockey Global Inc have given an undertaking to continue to provide continued financial support to the company and will not seek repayment of this loan. The directors therefore consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from a withdrawal of this continued support.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Patents
Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.4
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Intangible assets
Investments
Total
£
£
£
Cost
At 1 October 2014
-
3,560
Additions
70
69,718
At 31 December 2015
70
73,278
Depreciation
At 1 October 2014
-
712
Charge for the period
-
14,642
At 31 December 2015
-
15,354
Net book value
At 31 December 2015
57,924
At 30 September 2014
2,918
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary
Ordinary
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
(873,580)
(520,708)
1,000
-
No shares have as yet been allotted in ParkJockey Ltd.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4
Ultimate parent company
The ultimate parent company is ParkJockey Global Inc, a company registered in Delaware, USA.