Parlour Rooms Ltd - Abbreviated accounts 16.1
Parlour Rooms Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| for |
| Parlour Rooms Ltd |
| Parlour Rooms Ltd (Registered number: 05053303) |
| 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 |
| Parlour Rooms Ltd |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Parlour Rooms Ltd (Registered number: 05053303) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Parlour Rooms Ltd (Registered number: 05053303) |
| Abbreviated Balance Sheet - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| Parlour Rooms Ltd (Registered number: 05053303) |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Parlour Rooms Ltd 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 of goods, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all 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. |
| Parlour Rooms Ltd (Registered number: 05053303) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| AMORTISATION |
| At 1 April 2015 |
| Amortisation for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| Parlour Rooms Ltd (Registered number: 05053303) |
| 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 | 990 |
| Additions | 55,106 |
| At 31 March 2016 | 56,096 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies |
| include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| Share capital purchased on 1 January 2016. The company's year end date is 31 |
| December 2016. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary A | 100.00 |
| Ordinary B | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (109,591 | ) | (109,591 | ) |
| Parlour Moons Limited ceased trading in December 2009. |
| 5. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Repayable otherwise than by instalments | - | 119,874 |
| Repayable by instalments | 103,970 | 114,440 |
| 103,970 | 234,314 |
| Parlour Rooms Ltd (Registered number: 05053303) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary A | 1 |
| Ordinary B | 1 |
| 990 | 990 |
| 7. | CONTROLLING PARTY |
| The company is controlled by its director, S J Simpson, by virtue of his majority |
| ownership of the issued share capital. |