G. Parmigiani Figlio Limited - Limited company - abbreviated - 11.6

G. Parmigiani Figlio Limited - Limited company - abbreviated - 11.6

G.PARMIGIANI FIGLIO LIMITED - Company Information

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REGISTERED NUMBER: 00237258 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

G. PARMIGIANI FIGLIO LIMITED

G. PARMIGIANI FIGLIO LIMITED (REGISTERED NUMBER: 00237258)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

G. PARMIGIANI FIGLIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2014







DIRECTOR: P Parmigiani





SECRETARY: S Gelmetti





REGISTERED OFFICE: 2nd Floor
Devonshire House
1 Devonshire Street
London
W1W 5DS





REGISTERED NUMBER: 00237258 (England and Wales)





ACCOUNTANTS: Leigh Philip & Partners
Chartered Accountants
2nd Floor
Devonshire House
1 Devonshire Street
London
W1W 5DS
Page 1
G. PARMIGIANI FIGLIO LIMITED (REGISTERED NUMBER: 00237258)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 250 500
Investment property 3 1,422,433 1,384,872
1,422,683 1,385,372

CURRENT ASSETS
Debtors 3,419 8,122
Cash at bank 125,102 408,960
128,521 417,082
CREDITORS
Amounts falling due within one year 348,048 417,157
NET CURRENT LIABILITIES (219,527 ) (75 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,203,156
1,385,297

CAPITAL AND RESERVES
Called up share capital 4 5,300 5,300
Capital redemption reserve 700 700
Profit and loss account 1,197,156 1,379,297
SHAREHOLDERS' FUNDS 1,203,156 1,385,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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 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 director on 30th September 2015 and were signed by:





P Parmigiani - Director


The notes form part of these abbreviated accounts

Page 2
G. PARMIGIANI FIGLIO LIMITED (REGISTERED NUMBER: 00237258)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2014

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).

Turnover
Turnover represents net management and other fees receivable, excluding Value Added Tax.

Tangible fixed assets
Investment properties are shown at their open market value. The surplus or deficit arising from the annual
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an investment
property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation
is provided in respect of freehold properties which are classified as investment properties. This is a departure
from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such
properties are not held for consumption but for investment and the director considers that to depreciate them
would not give a true and fair view.

Investment property
The directors have considered the value of the company property at the year end based on it's open market value
at the balance sheet date and the carrying value in the balance sheet need not be adjusted..
No depreciation has been provided under the provisions of SSAP 19

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2014
and 31st December 2014 1,000
DEPRECIATION
At 1st January 2014 500
Charge for year 250
At 31st December 2014 750
NET BOOK VALUE
At 31st December 2014 250
At 31st December 2013 500

Page 3 continued...
G. PARMIGIANI FIGLIO LIMITED (REGISTERED NUMBER: 00237258)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2014

3. INVESTMENT PROPERTY
Total
£   
COST
At 1st January 2014 1,384,872
Additions 37,561
At 31st December 2014 1,422,433
NET BOOK VALUE
At 31st December 2014 1,422,433
At 31st December 2013 1,384,872

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2,300 Ordinary £1 2,300 2,300
3,000 Preference £1 3,000 3,000
5,300 5,300

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year fees of £33,600 (2013: £33,600) were payable to P Parmigiani and £26,400 (2014: £15,000) to
S Gelmetti, the wife of the director.

As at the balance sheet date, the director G Parmigiani was owed £2,329 (2013: £19,778) by the company.

6. RELATED PARTY DISCLOSURES

The company was under the control of P Parmigiani throughout the current and previous year.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G. PARMIGIANI FIGLIO LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of G. Parmigiani Figlio Limited for the year ended 31st December 2014 which comprise the Profit
and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses
and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of G. Parmigiani Figlio Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G. Parmigiani Figlio Limited and state those matters that we have agreed to state to the director of G. Parmigiani Figlio Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that G. Parmigiani Figlio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of G. Parmigiani Figlio Limited. You consider that G. Parmigiani Figlio Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G. Parmigiani Figlio Limited.
For this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leigh Philip & Partners
Chartered Accountants
2nd Floor
Devonshire House
1 Devonshire Street
London
W1W 5DS


30th September 2015

This page does not form part of the abbreviated accounts

Page 5