Park Rose Village Limited - Accounts to registrar (filleted) - small 18.2
Park Rose Village Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2020 |
| for |
| Park Rose Village Limited |
| Park Rose Village Limited (Registered number: 07108446) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Park Rose Village Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Rowan House |
| 7 West Bank |
| SCARBOROUGH |
| North Yorkshire |
| YO12 4DX |
| Park Rose Village Limited (Registered number: 07108446) |
| Balance Sheet |
| 31 March 2020 |
| 31.3.20 | 31.3.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Park Rose Village Limited (Registered number: 07108446) |
| Balance Sheet - continued |
| 31 March 2020 |
| 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 and authorised for issue on by: |
| Park Rose Village Limited (Registered number: 07108446) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Park Rose Village Limited is a |
| 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 |
| The presentation currency is £ sterling |
| 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 |
| Plant and machinery etc | - |
| Investment property |
| Investment properties are properties held to earn rentals or for capital appreciation or both. |
| Investment properties are initially measured at cost, including transaction costs. Subsequently investment |
| properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are |
| measured at fair value. Gains and losses arising from changes in the fair value of investment properties are |
| included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 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. |
| Park Rose Village Limited (Registered number: 07108446) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2019 |
| Additions |
| At 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2019 |
| Revaluations | (130,000 | ) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| The completed investment properties are stated at fair value, in accordance with the requirements of Section |
| 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the |
| UK and Republic of Ireland" |
| The investment properties have been valued by the director, on 31st March 2020 using the fair value basis, |
| taking into account existing tenancy arrangements |
| Park Rose Village Limited (Registered number: 07108446) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2020 is represented by: |
| £ |
| Valuation in 2012 | 532,636 |
| Valuation in 2018 | 313,160 |
| Valuation in 2020 | (130,000 | ) |
| Cost | 586,555 |
| 1,302,351 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Cost | 586,555 | 586,555 |
| Investment property was valued on anfair value basis on 31 March 2020 by the director . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Bank loans |
| Park Rose Village Limited (Registered number: 07108446) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Santander UK PLC | 501,016 | 573,590 |
| A debenture from Santander UK PLC over all assets is secured by a fixed and floating charge covering all |
| property and undertakings of the company. |
| A legal charge is held by Trevor Stanley Pearce and Jennifer Pearce over the land and buildings to the east of |
| carnaby court. |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2020 and |
| 31 March 2019: |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |