Park Mill Developments Limited - Accounts to registrar (filleted) - small 18.2

Park Mill Developments Limited - Accounts to registrar (filleted) - small 18.2

PARK MILL DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 09813212 (England and Wales)















Park Mill Developments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018





Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP








Park Mill Developments Limited (Registered number: 09813212)






Contents of the Financial Statements
for the year ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Park Mill Developments Limited

Company Information
for the year ended 31 December 2018







DIRECTORS: Mr J R Meredith
Mrs V Meredith





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 09813212 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP
Page 1
Park Mill Developments Limited (Registered number: 09813212)

Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,905 76,687

CURRENT ASSETS
Debtors 5 184,848 142,032
Cash at bank 36,440 51,385
221,288 193,417
CREDITORS
Amounts falling due within one year 6 157,391 166,306
NET CURRENT ASSETS 63,897 27,111
TOTAL ASSETS LESS CURRENT
LIABILITIES
138,802
103,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,702 103,698
SHAREHOLDERS' FUNDS 138,802 103,798

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 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 Board of Directors on 30 July 2019 and were signed on its
behalf by:




Mr J R Meredith - Director


The notes form part of these financial statements

Page 2
Park Mill Developments Limited (Registered number: 09813212)

Notes to the Financial Statements
for the year ended 31 December 2018

1. STATUTORY INFORMATION

Park Mill Developments 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Plant and machinery etc - 25% on cost and 5% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018
and 31 December 2018 79,799
DEPRECIATION
At 1 January 2018 3,112
Charge for year 1,782
At 31 December 2018 4,894
NET BOOK VALUE
At 31 December 2018 74,905
At 31 December 2017 76,687

Page 3 continued...
Park Mill Developments Limited (Registered number: 09813212)

Notes to the Financial Statements - continued
for the year ended 31 December 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 47,035 30,000
Other debtors 137,813 112,032
184,848 142,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 2,473 241
Taxation and social security 9,293 4,794
Other creditors 145,625 161,271
157,391 166,306

7. RELATED PARTY DISCLOSURES

Chase Commercial Limited

A Company in which Mr J Meredith is a director

An amount of £100,000 (2017: £110,000) included within other loans, owed to Chase Commercial
Limited, on which interest of £35,340 (2017: £22,764) is included within prepayments and accrued
income at the year end. The interest income charged during the year and included within prepayments
and accrued income is £12,575 (2017: £11,559).

Mr J Meredith

An amount of £89,900 (2017: £139,900) included within other loans, owed to Mr J Meredith, on which
interest of £48,793 (2017: £37,552) is included within prepayments and accrued income at the year
end. The interest charge for the year is £11,240 (2017: £16,226) and is calculated at the rate of 10%.

Page 4