Abbreviated Company Accounts - PARK HILL LONDON LTD

PARK HILL LONDON LTD - Company Information

Registered Number 06250192

PARK HILL LONDON LTD

Abbreviated Accounts

28 February 2014

PARK HILL LONDON LTD Registered Number 06250192

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,272	-
		1,272	-
Current assets
Stocks		3,756,056	-
Debtors		13,230	1,203
Cash at bank and in hand		10,385	5,495
		3,779,671	6,698
Creditors: amounts falling due within one year		(3,799,686)	(3,361)
Net current assets (liabilities)		(20,015)	3,337
Total assets less current liabilities		(18,743)	3,337
Total net assets (liabilities)		(18,743)	3,337
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(19,743)	2,337
Shareholders' funds		(18,743)	3,337

For the year ending 28 February 2014 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 8 November 2014

And signed on their behalf by:
Philip Azzopardi, Director

PARK HILL LONDON LTD Registered Number 06250192

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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 April 2008.

Turnover policy
Turnover represents amounts receivable for sales and services net of value added tax.

Tangible assets depreciation policy
Depreciation is charged on all tangible fixed assets of the company at the rate of 25% p.a. of cost during the year or of written-down value brought forward.

Valuation information and policy
Stock of property under development is valued at the lower of cost and estimated net realisable value.

2Tangible fixed assets

	£
Cost
At 1 March 2013	-
Additions	1,697
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	1,697
Depreciation
At 1 March 2013	-
Charge for the year	425
On disposals	-
At 28 February 2014	425
Net book values
At 28 February 2014	1,272
At 28 February 2013	-