Par 5 Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC432822 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 OCTOBER 2013 TO 18 JULY 2014

FOR

PAR 5 SOLUTIONS LIMITED

PREVIOUSLY KNOWN AS

FORESIGHT PORTFOLIO MANAGEMENT LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

DIRECTORS:

T E Bottomley

R S Thomson

SECRETARY:

T E Bottomley

REGISTERED OFFICE:

Moncrieff House

69 West Nile Street

Glasgow

G1 2QB

REGISTERED NUMBER:

SC432822 (Scotland)

ACCOUNTANTS:

Consilium Chartered Accountants

169 West George Street

Glasgow

G2 2LB

CURRENT ASSETS

Cash at bank and in hand

28,003

6,727

CREDITORS

Amounts falling due within one year

6,400

6,724

NET CURRENT ASSETS

21,603

3

TOTAL ASSETS LESS CURRENT LIABILITIES

21,603

3

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

21,601

1

SHAREHOLDERS' FUNDS

21,603

3

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 July 2014.

The members have not required the Company to obtain an audit of its financial statements for the period ended 18 July 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 August 2014 and were signed on its behalf by:

R S Thomson - Director

T E Bottomley - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Exemption from preparing a cash flow statement

The Company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008) and is consequently

exempt from the requirement to include a cash flow statement in the financial statements.

Turnover

The turnover shown in the profit and loss account represents the value of all services delivered at a selling price exclusive of

Value Added Tax. Sales are recognised at the point at which the Company has fulfilled its contractual obligations and the

risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments,

according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at

principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the

outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated

financial instrument.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2