| Park Garage (Manchester) Limited |
| Registered number: |
01997557 |
| Balance Sheet |
| as at 30 September 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Current assets |
| Investments held as current assets |
3 |
|
812,865 |
|
|
842,716 |
| Cash at bank and in hand |
|
|
67,831 |
|
|
79,109 |
|
|
|
880,696 |
|
|
921,825 |
|
| Creditors: amounts falling due within one year |
4 |
|
(606) |
|
|
(30,816) |
|
| Net current assets |
|
|
|
880,090 |
|
|
891,009 |
|
| Total assets less current liabilities |
|
|
|
880,090 |
|
|
891,009 |
|
|
| Provisions for liabilities |
|
|
|
(3,366) |
|
|
(3,366) |
|
|
| Net assets |
|
|
|
876,724 |
|
|
887,643 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4,500 |
|
|
4,500 |
| Capital redemption reserve |
|
|
|
5,500 |
|
|
5,500 |
| Profit and loss account |
|
|
|
866,724 |
|
|
877,643 |
|
| Shareholder's funds |
|
|
|
876,724 |
|
|
887,643 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ronald Dobson |
| Director |
| Approved by the board on 11 December 2019 |
|
| Park Garage (Manchester) Limited |
| Notes to the Accounts |
| for the year ended 30 September 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments held as current assets |
2019 |
|
2018 |
| £ |
£ |
|
Fair value |
|
Listed investments |
812,865 |
|
842,716 |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Listed investments |
(29,851) |
|
3,689 |
|
|
|
|
|
|
|
|
|
|
The investments held are listed unit trusts. They have valued based on the market price at the balance sheet date. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Other creditors |
606 |
|
30,816 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
Dividends of £5,789.84 (2018: £nil) were paid to Ronald Dobson during the period.
At the period end there were no outstanding unsecured, interest free loans owed to Ronald Dobson. (2018: £30,210). |
|
|
| 6 |
Controlling party |
|
|
The company is controlled by Ronald Dobson. |
|
|
| 7 |
Other information |
|
|
Park Garage (Manchester) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
22 Haddon Street |
|
Salford |
|
Lancashire |
|
M6 6BN |
