Abbreviated Company Accounts - PARCOTEL LTD.

SC349668 PARCOTEL LTD. 2016-10-31 false 2015-11-01 2016-10-31 true SC349668 2015-11-01 2016-10-31 SC349668 2016-10-31 SC349668 2015-10-31 SC349668 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 SC349668 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number SC349668

PARCOTEL LTD.

Abbreviated Accounts

31 October 2016

PARCOTEL LTD. Registered Number SC349668

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	888,363	896,930
		888,363	896,930
Current assets
Stocks		300	412
Debtors		29,884	30,019
Cash at bank and in hand		15,255	62,377
		45,439	92,808
Creditors: amounts falling due within one year	3	(171,287)	(188,667)
Net current assets (liabilities)		(125,848)	(95,859)
Total assets less current liabilities		762,515	801,071
Creditors: amounts falling due after more than one year	3	(655,150)	(702,869)
Provisions for liabilities		(8,975)	(11,104)
Total net assets (liabilities)		98,390	87,098
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		98,389	87,097
Shareholders' funds		98,390	87,098

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 July 2017

And signed on their behalf by:
Mr Rakesh Patel, Director
Mrs Mona Patel, Director

PARCOTEL LTD. Registered Number SC349668

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover comprises the value of sales excluding VAT and similar taxes and trade discounts of goods and services in the normal course of business.

Tangible assets depreciation policy
1. Equipment, fixture and fittings - depreciated at a rate of 15% per annum on reducing balance basis.
2. Freehold Land and Property - no depreciation is provided.

2Tangible fixed assets

	£
Cost
At 1 November 2015	987,389
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	987,389
Depreciation
At 1 November 2015	90,459
Charge for the year	8,567
On disposals	-
At 31 October 2016	99,026
Net book values
At 31 October 2016	888,363
At 31 October 2015	896,930

3Creditors

	2016 £	2015 £
Secured Debts	717,899	702,869
Instalment debts due after 5 years	0	43,553

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1