PARV Building Solutions Ltd - Accounts to registrar (filleted) - small 18.2
PARV Building Solutions Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31 December 2017 |
| for |
| PARV Building Solutions Ltd |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Contents of the Financial Statements |
| For The Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PARV Building Solutions Ltd |
| Company Information |
| For The Year Ended 31 December 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Stables |
| Church Walk |
| Daventry |
| Northamptonshire |
| NN11 4BL |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Balance Sheet |
| 31 December 2017 |
| 31/12/17 | 31/12/16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Fair value reserve | 11 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Balance Sheet - continued |
| 31 December 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Notes to the Financial Statements |
| For The Year Ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| PARV Building Solutions Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small |
| Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and |
| Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the |
| historical cost convention as modified by the revaluation of certain assets. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
| amounts in these financial statements are rounded to the nearest £. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in fair value reserve. |
| Taxation |
| Taxation for the year comprises current and deferred 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 or deferred 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
| from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
| laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
| reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 December 2017 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2017 |
| Additions |
| Revaluations | 49,097 |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| Fair value at 31 December 2017 is represented by: |
| £ |
| Valuation in 2017 | 49,097 |
| Cost | 558,783 |
| 607,880 |
| If the investment properties had not been revalued they would have been included at the following historical |
| cost: |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Cost | 558,783 | 241,453 |
| The investment properties were valued on an open market basis on 31 December 2017 by the directors. . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Bank loans |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 December 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 94,769 | 105,429 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Bank loans |
| Bank facilities are secured by a fixed and floating charge over the company assets. |
| Bank loan facilities are secured on the property 12 Queen Street, Rushden and a fixed and floating charge over |
| other company assets. |
| 9. | PROVISIONS FOR LIABILITIES |
| 31/12/17 | 31/12/16 |
| £ | £ |
| Deferred tax | 7,895 | - |
| Deferred |
| tax |
| £ |
| Fair value revaluation | 7,895 |
| Balance at 31 December 2017 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/12/17 | 31/12/16 |
| value: | £ | £ |
| Ordinary A | £1 | 76 | 76 |
| Ordinary B | £1 | 24 | 24 |
| 100 | 100 |
| PARV Building Solutions Ltd (Registered number: 09660132) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 December 2017 |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Transfer fair value reserve | 41,202 |
| At 31 December 2017 |
| 12. | RELATED PARTY DISCLOSURES |
| At the balance sheet date £416,101 (2016 - £133,580) was owed by the company to the directors. The loans |
| are interest free and repayable on demand. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr V Shah & Mrs R Shah by virtue of their shareholding. |