Abbreviated Company Accounts - PARK HOOD (UK) LIMITED

PARK HOOD (UK) LIMITED - Company Information

NI609454 PARK HOOD (UK) LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true NI609454 2015-04-01 2016-03-31 NI609454 2016-03-31 NI609454 2015-03-31 NI609454 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 NI609454 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director4 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director4 2016-03-31 uk-gaap-cd-bus:Director4 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number NI609454

PARK HOOD (UK) LIMITED

Abbreviated Accounts

31 March 2016

PARK HOOD (UK) LIMITED Registered Number NI609454

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	27,756	28,420
Investments	3	5,015	5,015
		32,771	33,435
Current assets
Debtors		510,331	523,977
Cash at bank and in hand		83,274	58,456
		593,605	582,433
Creditors: amounts falling due within one year		(217,157)	(178,383)
Net current assets (liabilities)		376,448	404,050
Total assets less current liabilities		409,219	437,485
Provisions for liabilities		(4,486)	(2,763)
Total net assets (liabilities)		404,733	434,722
Capital and reserves
Called up share capital	4	4	4
Share premium account		4,998	4,998
Profit and loss account		399,731	429,720
Shareholders' funds		404,733	434,722

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 November 2016

And signed on their behalf by:
Mr Stuart Hood, Director
Mr Jonathan Park, Director

PARK HOOD (UK) LIMITED Registered Number NI609454

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with United Kingdom generally accepted accounting practice, statute comprising the Companies Act 2006, and the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office equipment - 15% reducing balance
Computer equipment - 50% reducing balance
Fixtures & fittings - 15% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	60,355
Additions	8,105
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	68,460
Depreciation
At 1 April 2015	31,935
Charge for the year	8,769
On disposals	-
At 31 March 2016	40,704
Net book values
At 31 March 2016	27,756
At 31 March 2015	28,420

3Fixed assets Investments
The company's fixed asset investments in respect of shares in group undertakings and participating interests amounted to £5,015 (2015: £5,015) as at 31 March 2016.

As at 31 March 2016, the company owed Park Hood Limited an amount of £4,995 (2015: £4,995). This balance is included in creditors due within one year. No interest is being charged on this loan.

As at 31 March 2016, Park Hood Environmental Ltd owed the company an amount of £31,340 (2015: £45,107). This balance is included in debtors due within one year. No interest is being charged on this loan.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4

5Transactions with directors

Name of director receiving advance or credit:	Stuart Hood
Description of the transaction:	Loan account
Balance at 1 April 2015:	£ 83,020
Advances or credits made:	£ 82,624
Advances or credits repaid:	£ 83,000
Balance at 31 March 2016:	£ 82,644

Name of director receiving advance or credit:	Jonathan Park
Description of the transaction:	Loan account
Balance at 1 April 2015:	£ 99,380
Advances or credits made:	£ 77,105
Advances or credits repaid:	£ 83,000
Balance at 31 March 2016:	£ 93,485

During the year, the company made a loan to the directors totalling £176,129 (2015: £182,400). This amount is included in other debtors due within one year. Interest of 3% is being charged on this loan.