Parkline Investments Limited - Abbreviated accounts 16.1

PARKLINE INVESTMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

B Jay

M L Lane

SECRETARY:

B Jay

REGISTERED OFFICE:

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

REGISTERED NUMBER:

00644506

ACCOUNTANTS:

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

FIXED ASSETS

Tangible assets

2

-

650,000

CURRENT ASSETS

Debtors

759

6,456

Cash at bank

591,047

26,939

591,806

33,395

CREDITORS

Amounts falling due within one year

2,872

65,443

NET CURRENT ASSETS/(LIABILITIES)

588,934

(32,048

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

588,934

617,952

CAPITAL AND RESERVES

Called up share capital

3

300

Revaluation reserve

-

615,011

Capital redemption reserve

4,838

Profit and loss account

583,796

(2,197

)

SHAREHOLDERS' FUNDS

588,934

617,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 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 27th February 2017 and were
signed on its behalf by:

M L Lane - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified

by the revaluation of certain assets and in accordance with the Financial Reporting Standard

for Smaller Entities (effective January 2015).

Turnover

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

Investment property

In accordance with standard accounting practice, the investment property is revalued annually

and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or

amortisation is provided in respect of the company's freehold investment property.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st June 2015

650,000

Disposals

(650,000

)

At 31st May 2016

-

NET BOOK VALUE

At 31st May 2016

-

At 31st May 2015

650,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

300

Ordinary

£1

300

4.	RELATED PARTY DISCLOSURES

The company is controlled by the directors.

M.L.Lane is also a director of Eaglesrock Limited. Bookkeeping services payable to
Eaglesrock Limited during the year amounted to £1,500 (2015: £1,500). Interest payable on a
loan from Eaglesrock Limited amounted to £nil (2015 £1,342). Included in other creditors
are amounts due to Eaglesrock Limited of £1,000 (2015: £5,500). There are no other
transactions that require disclosure.

The E.E. Lane Trust holds 150 shares in the company. Interest payable to the E.E. lane Trust

during the year amounted to £1,093 (2015 £1,157). Included in other creditors is an amount

due to the E.E. Lane Trust of £nil (2015 £50,000). There are no other transactions that require

disclosure.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31st May 2016 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

Date: .............................................