Abbreviated Company Accounts - PARKDALE WEST LIMITED

Abbreviated Company Accounts - PARKDALE WEST LIMITED


Registered Number 07334266

PARKDALE WEST LIMITED

Abbreviated Accounts

31 August 2016

PARKDALE WEST LIMITED Registered Number 07334266

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 533,127 609,288
533,127 609,288
Current assets
Debtors 72,669 10,327
Cash at bank and in hand 43,776 99,591
116,445 109,918
Creditors: amounts falling due within one year (928,662) (916,880)
Net current assets (liabilities) (812,217) (806,962)
Total assets less current liabilities (279,090) (197,674)
Total net assets (liabilities) (279,090) (197,674)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (279,190) (197,774)
Shareholders' funds (279,090) (197,674)
  • For the year ending 31 August 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 24 May 2017

And signed on their behalf by:
D Bastaja, Director

PARKDALE WEST LIMITED Registered Number 07334266

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Properties straight line 10%

Other accounting policies
Going Concern
The company had total liabilities at the period end of £279,090. However, included in other creditors is £732,703 owed to a company controlled by the director. With the continued support of the other creditor, the director believes the company to be a going concern.

Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.

2Tangible fixed assets
£
Cost
At 1 September 2015 761,610
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 761,610
Depreciation
At 1 September 2015 152,322
Charge for the year 76,161
On disposals -
At 31 August 2016 228,483
Net book values
At 31 August 2016 533,127
At 31 August 2015 609,288
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100