PARK GREEN INVESTMENTS LIMITED

PARK GREEN INVESTMENTS LIMITED

PARK GREEN INVESTMENTS LIMITED - Company Information

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PARK GREEN INVESTMENTS LIMITED

Company Registration Number:
02835586 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2017

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

PARK GREEN INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2017

Balance sheet
Notes

PARK GREEN INVESTMENTS LIMITED

Balance sheet

As at 31 July 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 3,085,038 3,076,717
Investments: 3 875,454 875,454
Total fixed assets: 3,960,492 3,952,171
Current assets
Debtors:   1,497,577 842,452
Cash at bank and in hand: 3,002 364
Total current assets: 1,500,579 842,816
Creditors: amounts falling due within one year: 4 (1,324,236) (1,078,354)
Net current assets (liabilities): 176,343 (235,538)
Total assets less current liabilities: 4,136,835 3,716,633
Creditors: amounts falling due after more than one year: 5 (3,627,261) (3,218,731)
Total net assets (liabilities): 509,574 497,902
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:62,411,6072,401,607
Other reserves: 50 50
Profit and loss account: (1,902,183) (1,903,855)
Shareholders funds: 509,574 497,902

The notes form part of these financial statements

PARK GREEN INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 July 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 April 2018
and signed on behalf of the board by:

Name: Stephen Thompson
Status: Director

The notes form part of these financial statements

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and VAT.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:Fixtures, fittings and equipment - 25% reducing balanceMotor vehicles - 25% reducing balance

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

2. Tangible Assets

Total
Cost £
At 01 August 2016 3,106,878
Revaluations 10,000
At 31 July 2017 3,116,878
Depreciation
At 01 August 2016 30,161
Charge for year 1,679
At 31 July 2017 31,840
Net book value
At 31 July 2017 3,085,038
At 31 July 2016 3,076,717

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

3. Fixed investments

Shares in group undertakings and participating interests.Cost at 1 August 2016 and 31 July 2017 - £875,454

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts £7,545 (2016 - £8,018)Trade creditors £9,229 (2016 - £17,541)Amounts owed to group undertakings and undertakings in which the company has a participating interest £1,247,829 (2016 - £1,016,913)Corporation tax £(3,564) (2016 - £(3,828)Other creditors £63,197 (2016 - £39,710

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

5. Creditors: amounts falling due after more than one year note

Other creditors £3,627,261 (2016 - £3,218,731)Bank loans totalling £3,556,262 (2016 - £3,091,796) are secured by a fixed and floating charge over the assets of the company, as well as a legal charge over the company's property located at Wellington Street, Teignmouth; Highshore House, Truro; Torwood Street, Torquay; Northumberland Terrace, Plymouth; 2 The Sail Loft, Dartmouth and Platway House, Shaldon, as well as a personal ("all monies") guarantee by the company's director, Stephen Thompson.

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

6. Revaluation reserve

2017
£
Balance at 01 August 2016 2,401,607
Surplus or deficit after revaluation 10,000
Balance at 31 July 2017 2,411,607

PARK GREEN INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

7. Loans to directors

Name of director receiving advance or credit: Stephen Thompson
Description of the loan: Director's loan account
£
Balance at 01 August 2016 58,624
Advances or credits made: 1,446
Balance at 31 July 2017 60,070