Peirson Parry Properties Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06118869 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FOR

PEIRSON PARRY PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P D Peirson

Mrs P L Peirson

Mrs A Parry

Mr R J Parry

SECRETARY:

Mrs P L Peirson

REGISTERED OFFICE:

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

REGISTERED NUMBER:

06118869 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

CURRENT ASSETS

Stocks

-

238,625

Debtors

1,748

-

Cash at bank

895

831

2,643

239,456

CREDITORS

Amounts falling due within one year

2

26,720

249,069

NET CURRENT LIABILITIES

(24,077

)

(9,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,077

)

(9,613

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(24,078

)

(9,614

)

SHAREHOLDERS' FUNDS

(24,077

)

(9,613

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 23 May 2014 and were signed on its behalf by:

Mr P D Peirson - Director

Mr R J Parry - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis which is considered to be appropriate, although the

company's ability to continue trading is reliant on the continued support of the directors.

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

2.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 189,000 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1