Parkway Securities Limited - Accounts to registrar (filleted) - small 18.2
Parkway Securities Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Parkway Securities Limited |
Unaudited Financial Statements for the Year Ended 30 April 2018 |
Parkway Securities Limited (Registered number: 04602447) |
Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Parkway Securities Limited |
Company Information |
for the Year Ended 30 April 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The White House |
2 Meadrow |
Godalming |
Surrey |
GU7 3HN |
Parkway Securities Limited (Registered number: 04602447) |
Balance Sheet |
30 April 2018 |
30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
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 |
Non-distributable reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Parkway Securities Limited (Registered number: 04602447) |
Balance Sheet - continued |
30 April 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
Parkway Securities Limited (Registered number: 04602447) |
Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
1. | STATUTORY INFORMATION |
Parkway Securities 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 |
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. |
In accordance with the Financial Reporting Standard or Smaller Entities, no depreciation is provided in respect |
of the company's freehold investment property. The treatment is a departure from the requirements of the |
Companies Act 2006 concerning the depreciation of fixed assets. The property is not held for consumption but |
for investment and the directors consider that systematic annual depreciation would be inappropriate. The |
accounting treatment constitutes an override of the Companies Act requirement to depreciate fixed assets and is |
necessary to give a true and fair view. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet 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 rents and insurance charges receivable from investment properties adjusted on an accruals |
basis for amounts received in advance or arrears. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2017 - NIL). |
Parkway Securities Limited (Registered number: 04602447) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2017 |
Revaluations | 100,000 |
At 30 April 2018 |
NET BOOK VALUE |
At 30 April 2018 |
At 30 April 2017 |
Fair value at 30 April 2018 is represented by: |
£ |
Valuation in 2016 | 1,472,077 |
Valuation in 2017 | (542,971 | ) |
Valuation in 2018 | 100,000 |
Cost | 2,070,894 |
3,100,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Other creditors |