Park Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08923987 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

Park Partners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J R Howells

REGISTERED OFFICE:

57 Grosvenor Street

London

W1K 3JA

REGISTERED NUMBER:

08923987 (England and Wales)

ACCOUNTANTS:

Hindsight Tax Consultants Limited

Yours Business Networks

7-8 Delta Bank Road

Gateshead

Tyne and Wear

NE11 9DJ

FIXED ASSETS

Tangible assets

4

6,637

-

CURRENT ASSETS

Debtors

5

186,231

158,776

Cash at bank

416,607

211,223

602,838

369,999

CREDITORS

Amounts falling due within one year

6

(163,485

)

(103,377

)

NET CURRENT ASSETS

439,353

266,622

TOTAL ASSETS LESS CURRENT LIABILITIES

445,990

266,622

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

444,990

265,622

SHAREHOLDERS' FUNDS

445,990

266,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 11 December 2018 and were signed by:

J R Howells - Director

1.	STATUTORY INFORMATION

Park Partners Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

212

6,375

2,529

9,116

At 31 March 2018

212

6,375

2,529

9,116

DEPRECIATION

Charge for year

42

1,594

843

2,479

At 31 March 2018

42

1,594

843

2,479

NET BOOK VALUE

At 31 March 2018

170

4,781

1,686

6,637

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

54,293

-

Other debtors and prepayments

131,938

133,938

Corporation tax

-

24,838

186,231

158,776

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

29,847

9,369

Corporation tax

41,659

50,925

Social security and other taxes

4,794

-

VAT

23,233

11,083

Other creditors

952

-

Accrued expenses

63,000

32,000

163,485

103,377