Parliament House Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07031170 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

PARLIAMENT HOUSE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H B WHYTE

SECRETARY:

REGISTERED OFFICE:

2a Station Street

Long Eaton

Nottingham

Nottinghamshire

NG10 1GL

REGISTERED NUMBER:

07031170 (England and Wales)

ACCOUNTANTS:

Lincoln Chapman Ltd

18 The Ropewalk

Nottingham

Nottinghamshire

NG1 5DT

FIXED ASSETS

Investments

2

3,450,000

CURRENT ASSETS

Debtors

403,115

425,758

Cash at bank

29,907

1,765

433,022

427,523

CREDITORS

Amounts falling due within one year

(322,940

)

(356,855

)

NET CURRENT ASSETS

110,082

70,668

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,560,082

3,520,668

CREDITORS

Amounts falling due after more than one
year

3

(1,730,034

)

(1,787,867

)

NET ASSETS

1,830,048

1,732,801

CAPITAL AND RESERVES

Called up share capital

4

1

Revaluation reserve

1,480,981

Profit and loss account

349,066

251,819

SHAREHOLDERS' FUNDS

1,830,048

1,732,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 24 March 2017 and were signed by:

H B WHYTE - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2016

2015

£

Investment Property

3,450,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

1,730,034

1,787,867

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1