Phil Parker Group Limited - Period Ending 2016-07-31

Registration number: 06851892

Phil Parker Group Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 July 2016

Michael J Emery & Co Limited
22 St. John Street
Newport Pagnell
Bucks
MK16 8HJ

Phil Parker Group Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Phil Parker Group Limited
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Phil Parker Group Limited for the year ended 31 July 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Phil Parker Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Phil Parker Group Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phil Parker Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Phil Parker Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Phil Parker Group Limited. You consider that Phil Parker Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Phil Parker Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Michael J Emery & Co Limited
22 St. John Street
Newport Pagnell
Bucks
MK16 8HJ

30 April 2017

Page 1

Phil Parker Group Limited

(Registration number: 06851892)
Abbreviated Balance Sheet as at 31 July 2016

	Note	2016  £	2015  £
Fixed assets
Investments	2	99	99
Current assets
Debtors		10,001	774
Cash at bank and in hand		202	201
		10,203	975
Creditors: Amounts falling due within one year		(340)	(2)
Net current assets		9,863	973
Total assets less current liabilities		9,962	1,072
Accruals and deferred income		(1,080)	(960)
Net assets		8,882	112
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		8,782	12
Shareholders funds		8,882	112

For the year ending 31 July 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 director on 30 April 2017

.........................................
Mr PK Parker
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Phil Parker Group Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Going concern

The financial statements have been prepared on a going concern basis. The validity of this is dependent on the continuing support of the companys director.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Fixed asset investments

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

2

Fixed assets

	Investments £	Total £
Cost
At 1 August 2015	99	99
At 31 July 2016	99	99
Depreciation
At 31 July 2016	-	-
Net book value
At 31 July 2016	99	99
At 31 July 2015	99	99

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Phil Parker Training Limited	UK	Ordinary	100%	Training provider
Lightning Process Limited	UK	Ordinary	100%	Training Provider
Nipton Publishing Limited	UK	Ordinary	100%	Dormant Company

Page 3

Phil Parker Group Limited

Notes to the Abbreviated Accounts

The loss for the financial period of Phil Parker Training Limited was £82,364 and the aggregate amount of capital and reserves at the end of the period was £246,495.

The profit for the financial period of Lightning Process Limited was £91,852 and the aggregate amount of capital and reserves at the end of the period was £260,329.

The profit for the financial period of Nipton Publishing Limited was £Nil and the aggregate amount of capital and reserves at the end of the period was £(59).

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

4

Analysis of net debt

	At 1 August 2015 £	Cash flow £	At 31 July 2016 £
Cash at bank and in hand	201	1	202
Net debt	201	1	202

5

Related party transactions

6

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 4