Parkholme Management Limited Small abridged accounts

PARKHOLME MANAGEMENT LIMITED - Company Information

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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of Parkholme Management Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 5 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 02094110

PARKHOLME MANAGEMENT LIMITED

UNAUDITED ABRIDGED FINANCIAL STATEMENTS

5 April 2017

PARKHOLME MANAGEMENT LIMITED

ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2017

Contents	Pages

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements	2

Abridged statement of financial position	3 to 4

Notes to the abridged financial statements	5 to 6

PARKHOLME MANAGEMENT LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mrs H V Gray
	Mr A M Hayes
	Ms M M Lambert

Company secretary	Mrs H V Gray

Registered office	Suite 185
	15 Ingestre Place
	London
	England
	W1F 0JH

Accountants	ERC Accountants & Business Advisers Limited
	Chartered accountant
	Hanover Buildings
	11-13 Hanover Street
	Liverpool
	L1 3DN

PARKHOLME MANAGEMENT LIMITED

CHARTERED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF PARKHOLME MANAGEMENT LIMITED

YEAR ENDED 5 APRIL 2017

As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 5 April 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

ERC Accountants & Business Advisers Limited Chartered accountant

Hanover Buildings 11-13 Hanover Street Liverpool L1 3DN

29 September 2017

PARKHOLME MANAGEMENT LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

5 April 2017

	2017		2016
Note	£	£	£

FIXED ASSETS

Tangible assets	4		18,987	18,987

CURRENT ASSETS

Debtors	15		15

CREDITORS: Amounts falling due within one year	20,292		20,292
	---------		---------
NET CURRENT LIABILITIES		20,277	20,277
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 1,290)	( 1,290)
		-------	-------
NET LIABILITIES		( 1,290)	( 1,290)
		-------	-------

CAPITAL AND RESERVES

Called up share capital	3	3
Profit and loss account	( 1,293)	( 1,293)
	-------	-------
MEMBERS DEFICIT	( 1,290)	( 1,290)
	-------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 5 April 2017 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 abridged 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 abridged financial statements .

PARKHOLME MANAGEMENT LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

5 April 2017

These abridged financial statements were approved by the board of directors and authorised for issue on 14 September 2017 , and are signed on behalf of the board by:

Mr A M Hayes
Director

Company registration number: 02094110

PARKHOLME MANAGEMENT LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2017

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 185, 15 Ingestre Place, London, W1F 0JH, England.

2. STATEMENT OF COMPLIANCE

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 6 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover represents service charges received during the year.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. TANGIBLE ASSETS

	£

Cost
At 6 April 2016 and 5 April 2017	18,987
	---------
Depreciation
At 6 April 2016 and 5 April 2017	–
	---------
Carrying amount
At 5 April 2017	18,987
	---------

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No directors' received advances, credits or guarantees during the current or previous accounting periods.

6. RELATED PARTY TRANSACTIONS

The following related party transactions were undertaken during the year: The directors and shareholders in the year received amounts totalling £ 1,102 and paid amounts totalling £ 481 to the company during the year (2016: withdrew £687). The balance payable to the directors and shareholders at the balance sheet date was £ 17,306 (2016: £17,927) No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

7. TRANSITION TO FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 6 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.