UNION_PARK_LIMITED - Accounts

UNION PARK LIMITED - Company Information

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Company Registration No. 04966838 (England and Wales)

UNION PARK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

UNION PARK LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

UNION PARK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

170,000

Current assets

Debtors

3,922

3,162

Cash at bank and in hand

76,103

94,777

80,025

97,939

Creditors: amounts falling due within one year

(89,141)

(107,146)

Net current liabilities

(9,116)

(9,207)

Total assets less current liabilities

160,884

160,793

Creditors: amounts falling due after more than one year

(52,960)

(55,970)

107,924

104,823

Capital and reserves

Called up share capital

100

Revaluation reserve

25,022

Profit and loss account

82,802

79,701

Shareholders' funds

107,924

104,823

UNION PARK LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2016

- 2 -

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 August 2017

N G Norton

Director

Company Registration No. 04966838

UNION PARK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover comprises amounts receivable as rental income for the accounting period on the accruals basis.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties valued on an existing use open market value basis in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Fixed assets

Tangible assets

Cost or valuation

At 1 December 2015 & at 30 November 2016

170,000

At 30 November 2015

170,000

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,872 (2015 - £2,820).

UNION PARK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 4 -

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

41,474

44,692

The aggregate amount of creditors for which security has been given amounted to £52,960 (2015 - £55,970).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100