Park Mill Developments Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 09813212 (England and Wales)

Park Mill Developments Limited

Unaudited Financial Statements

for the period

7 October 2015 to 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr J R Meredith

Mrs V Meredith

SECRETARY:

REGISTERED OFFICE:

3 The Courtyard

Timothy's Bridge Road

Stratford upon Avon

Warwickshire

CV37 9NP

REGISTERED NUMBER:

09813212 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

3 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

FIXED ASSETS

Tangible assets

2

59,222

CURRENT ASSETS

Debtors

3

102,074

Cash at bank

171,472

273,546

CREDITORS

Amounts falling due within one year

4

232,126

NET CURRENT ASSETS

41,420

TOTAL ASSETS LESS CURRENT LIABILITIES

100,642

CAPITAL AND RESERVES

Called up share capital

5

100

Retained earnings

6

100,542

SHAREHOLDERS' FUNDS

100,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 June 2017 and were signed on its behalf by:

Mr J R Meredith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

2% on cost

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

60,431

At 31 December 2016

60,431

DEPRECIATION

Charge for period

1,209

At 31 December 2016

1,209

NET BOOK VALUE

At 31 December 2016

59,222

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

115

Other debtors

101,959

102,074

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,209

Taxation and social security

37,468

Other creditors

192,449

232,126

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

60

Oridnary A

£1

60

40

Ordinary B

£1

40

100

The following shares were issued during the period for cash at par :

60 Oridnary A shares of £1

40 Ordinary B shares of £1

6.

RESERVES

Retained

earnings

£

Profit for the period

150,542

Dividends

(50,000

)

At 31 December 2016

100,542

7.	RELATED PARTY DISCLOSURES

Chase Commercial Limited

A company in which Mr J Meredith is a director

During the year the company provided a loan to Chase Commercial Limited of £100,000. This loan is

repayable on demand.

During the year the company charged fees of £50,000 for management services to Chase Commercial

Limited.

During the year the company charged Chase Commercial Limited a fee of £60,855 in relation to a joint

venture between the companies.

Chase Commercial (Stratford) Limited

A company in which Mr J Meredith is a director

During the year the company charged Chase Commercial (Stratford) Limited a fee of £100,000 in

relation to a joint venture between the companies.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J R Meredith.