PARSEA LTD Accounts filed on 30-04-2014

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PARSEA LTD

Company Registration Number:
08483551 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 11th April 2013

End date: 30th April 2014

SUBMITTED

Company Information
for the Period Ended 30th April 2014

Director:		Mr M Migliuolo
		Mrs F Migliuolo
		Mr M Migliuolo
		Mr F Migliuolo
		Mr T Migliuolo






Registered office:		85 London Road


		Cheltenham
		Gloucestershire
		GL52 6HL




Company Registration Number:		08483551 (England and Wales)

Abbreviated Balance sheet
As at 30th April 2014

	Notes	2014 £	£
Current assets
Debtors:	7	40,175	-
Cash at bank and in hand:		89,906	-
Total current assets:		130,081	-
Creditors
Creditors: amounts falling due within one year	8	18,395	-
Net current assets (liabilities):		111,686	-
Total assets less current liabilities:		111,686	-
Total net assets (liabilities):		111,686	-

The notes form part of these financial statements

Abbreviated Balance sheet
As at 30th April 2014
continued

	Notes	2014 £	£
Capital and reserves
Called up share capital:	9	1,000	-
Profit and Loss account:		110,686	-
Total shareholders funds:		111,686	-

For the year ending 30 April 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 October 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr M Migliuolo
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 30th April 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the year, including irrecoverable Value Added Tax.

Tangible fixed assets depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Plant and machinery - 18% straight line Computer equipment - 18% straight line Motor vehicles - 18% straight line

Other accounting policies

Individual transactions in foreign currencies are initially recorded at the exchange rate prevailing on the date of the transaction. At the date of settlement, cash transferred is recorded at the rate prevailing on the settlement date. Any exchange difference arising is recognised in profit or loss for the year.

Notes to the Abbreviated Accounts
for the Period Ended 30th April 2014

7. Debtors

£40,175

Notes to the Abbreviated Accounts
for the Period Ended 30th April 2014

8. Creditors: amounts falling due within one year

£18,395

Notes to the Abbreviated Accounts
for the Period Ended 30th April 2014

9. Called up share capital

Allotted, called up and paid


Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1,000	1.00 1.00	1,000
Total share capital:			1,000

Notes to the Abbreviated Accounts
for the Period Ended 30th April 2014

11. Related party disclosures

Name of the ultimate controlling party during the period:	Mr M Migliuolo
Name of related party:	Real Wine Cellar Limited
Relationship:	Associated company
Description of the transaction:	Loan
Balance at 11th April 2013	0
Balance at 30th April 2014	13,024

PARSEA LTD Accounts filed on 30-04-2014