Parkside Properties Limited - Accounts to registrar (filleted) - small 18.2
Parkside Properties Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2017 |
for |
Parkside Properties Limited |
Parkside Properties Limited (Registered number: 03667596) |
Contents of the Financial Statements |
for the Year Ended 30 November 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Parkside Properties Limited |
Company Information |
for the Year Ended 30 November 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1146 High Road |
Whetstone |
London |
N20 0RA |
Parkside Properties Limited (Registered number: 03667596) |
Statement of Financial Position |
30 November 2017 |
30.11.17 | 30.11.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Parkside Properties Limited (Registered number: 03667596) |
Statement of Financial Position - continued |
30 November 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
Parkside Properties Limited (Registered number: 03667596) |
Notes to the Financial Statements |
for the Year Ended 30 November 2017 |
1. | STATUTORY INFORMATION |
Parkside Properties Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease |
term is less than 20 years. |
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities, it is |
a departure from the general requirement of the Companies Act 2006 for the tangible assets to be depreciated. In |
the opinion of the director compliance with standard is necessary for the financial statements to give a true and |
fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the |
amount of which otherwise have been charged cannot be separately identified or qualified. |
The directors are of the opinion that the value stated in the accounts for land and buildings reflect the market |
value. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
Parkside Properties Limited (Registered number: 03667596) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Turnover |
Turnover represents rent receivable on an accrual basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2016 |
and 30 November 2017 |
DEPRECIATION |
At 1 December 2016 |
Charge for year |
At 30 November 2017 |
NET BOOK VALUE |
At 30 November 2017 |
At 30 November 2016 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2016 |
and 30 November 2017 |
NET BOOK VALUE |
At 30 November 2017 |
At 30 November 2016 |
Parkside Properties Limited (Registered number: 03667596) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 December 2016 |
Profit for the year |
Dividends | ( |
) |
At 30 November 2017 |
Retained earnings comprises of the following: |
Distributable reserves £258,680 (£242,544 in 2016) |
Non distributable reserves £606,741 (£606,741 in 2016) |