Park Gardens Spa Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC508253 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Park Gardens Spa Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Strachan

REGISTERED OFFICE:

Suite 4f, Ingram House

227 Ingram Street

Glasgow

G1 1DA

REGISTERED NUMBER:

SC508253 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Suite 4f, Ingram House

227 Ingram Street

Glasgow

G1 1DA

FIXED ASSETS

Tangible assets

4

26,605

11,759

CURRENT ASSETS

Cash at bank and in hand

27,419

25,526

CREDITORS

Amounts falling due within one year

5

3,985

5,460

NET CURRENT ASSETS

23,434

20,066

TOTAL ASSETS LESS CURRENT LIABILITIES

50,039

31,825

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,939

31,725

SHAREHOLDERS' FUNDS

50,039

31,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 applicable to companies subject to the small companies regime.

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 3 December 2020 and were signed by:

A Strachan - Director

1.	STATUTORY INFORMATION

Park Gardens Spa Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

25,827

Additions

23,714

At 30 June 2020

49,541

DEPRECIATION

At 1 July 2019

14,068

Charge for year

8,868

At 30 June 2020

22,936

NET BOOK VALUE

At 30 June 2020

26,605

At 30 June 2019

11,759

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Taxation and social security

2,585

4,060

Other creditors

1,400

1,400

3,985

5,460