| Met Car Parks Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Met Car Parks Limited for the period ended 31 May 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated financial statements of Met Car Parks Limited for the period ended 31 May 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of Met Car Parks Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Met Car Parks Limited and state those matters that we have agreed to state to the Board of Directors of Met Car Parks Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Met Car Parks Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Met Car Parks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Met Car Parks Limited. You consider that Met Car Parks Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Met Car Parks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Clark Howes Accountants Limited |
| Certified Accountants |
| 2 Minton Place |
| Victoria Road |
| Bicester |
| Oxon |
| OX26 6QB |
|
| 21 November 2014 |
|
| Met Car Parks Limited |
| Registered number: 07450343 |
| Abbreviated Balance Sheet |
| as at 31 May 2014 |
|
| Notes |
|
|
2014 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
2,983,697 |
|
|
2,983,697 |
|
| Current assets |
| Cash at bank and in hand |
|
|
80 |
|
|
80 |
|
| Creditors: amounts falling due within one year |
|
|
(119,730) |
|
|
(380,997) |
|
| Net current assets |
|
|
|
(119,650) |
|
|
(380,917) |
|
| Total assets less current liabilities |
|
|
|
2,864,047 |
|
|
2,602,780 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(2,713,947) |
|
|
(2,775,029) |
|
|
|
| Net assets |
|
|
|
150,100 |
|
|
(172,249) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
150,000 |
|
|
(172,349) |
|
| Shareholders' funds |
|
|
|
150,100 |
|
|
(172,249) |
|
|
|
|
|
|
|
|
| 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. |
| 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 financial statements. |
| The financial statements 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. |
|
|
|
| Mr D Marks |
| Director |
| Approved by the board on 21 November 2014 |
|
| Met Car Parks Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 31 May 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Group financial statements |
|
The financial statements contain information about the entity as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under the Companies Act 2006 from the requirements to prepare consolidated financial statements because the group of companies form a Small Group. |
|
|
Investments in subsidiary |
|
A subsidiary is an entity over which the company has the power to govern the financial and operating policies so as to obtain benefits from its activities. The company generally has such power when it, directly or indirectly, holds more than 50% of the issued share capital, or controls more than half the voting power, or controls the composition of the board of the directors
Investments in subsidiaries are stated in the financial statements of the company at cost, less impairment losses, if any. |
|
|
| 2 |
Investments |
£ |
|
|
Cost |
|
At 1 December 2012 |
2,983,697 |
|
|
At 31 May 2014 |
2,983,697 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the ordinary share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Country of |
reserves |
for the year |
|
|
incorporation |
% |
£ |
£ |
|
MET Parking Services Limited |
England |
100 |
|
2,243,098 |
|
275,456 |
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£0.50 each |
|
200 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Ultimate controlling party |
|
|
During the period the company was controlled by director Mr D Marks by virtue of his majority shareholding. |
