| Park View Financial Services Ltd |
| Registered number: |
06922060 |
| Abbreviated Balance Sheet |
| as at 30 November 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
33,333 |
|
|
66,667 |
| Tangible assets |
3 |
|
|
4,174 |
|
|
4,252 |
|
|
|
|
37,507 |
|
|
70,919 |
|
| Current assets |
| Debtors |
|
|
50,683 |
|
|
44,758 |
| Cash at bank and in hand |
|
|
88,492 |
|
|
68,144 |
|
|
|
139,175 |
|
|
112,902 |
|
| Creditors: amounts falling due within one year |
|
|
(89,244) |
|
|
(84,606) |
|
| Net current assets |
|
|
|
49,931 |
|
|
28,296 |
|
| Total assets less current liabilities |
|
|
|
87,438 |
|
|
99,215 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(16,000) |
|
|
(40,000) |
|
|
|
| Net assets |
|
|
|
71,438 |
|
|
59,215 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
70,438 |
|
|
58,215 |
|
| Shareholders' funds |
|
|
|
71,438 |
|
|
59,215 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| S J A Clulow |
| Director |
| Approved by the board on 3 August 2017 |
|
| Park View Financial Services Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2015 |
100,000 |
|
At 30 November 2016 |
100,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 December 2015 |
33,333 |
|
Provided during the year |
33,334 |
|
At 30 November 2016 |
66,667 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
33,333 |
|
At 30 November 2015 |
66,667 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2015 |
8,870 |
|
Additions |
1,050 |
|
At 30 November 2016 |
9,920 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
4,618 |
|
Charge for the year |
1,128 |
|
At 30 November 2016 |
5,746 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
4,174 |
|
At 30 November 2015 |
4,252 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
M P H Turner |
|
Interest bearing loan at 3% |
21,370 |
|
24,036 |
|
(21,370) |
|
24,036 |
|
|
S J A Clulow |
|
Interest bearing loan at 3% |
20,727 |
|
23,986 |
|
(20,727) |
|
23,986 |
|
|
|
42,097 |
|
48,022 |
|
(42,097) |
|
48,022 |
|
|
|
|
|
|
|
|
|
