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REGISTERED NUMBER: 04381389 (England and Wales)














PARK HILL HOMES (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017






PARK HILL HOMES (UK) LIMITED (REGISTERED NUMBER: 04381389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARK HILL HOMES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTORS: R.A. Brown
M.V. Brown



SECRETARY: B. Skipp



REGISTERED OFFICE: Kenburgh Court,
131 - 137 South Street,
Bishops Stortford
Hertfordshire
CM23 3HX



REGISTERED NUMBER: 04381389 (England and Wales)



ACCOUNTANTS: Findlay, Wetherfield, Scott & Co.,
Chartered Accountants
135/137, Station Road,
Chingford,
London
E4 6AG



BANKERS: National Westminster Bank plc.,
Bishop's Stortford Branch,
7, North Street,
Bishop's Stortford,
Hertfordshire,
CM23 2TL

PARK HILL HOMES (UK) LIMITED (REGISTERED NUMBER: 04381389)

BALANCE SHEET
31ST MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,617 8,855

CURRENT ASSETS
Stocks 1,006,338 231,568
Debtors 5 88,376 31,277
Cash in hand 589 577
1,095,303 263,422
CREDITORS
Amounts falling due within one year 6 1,078,055 234,269
NET CURRENT ASSETS 17,248 29,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,865

38,008

CREDITORS
Amounts falling due after more than one
year

7

-

(1,250

)

PROVISIONS FOR LIABILITIES (715 ) (1,094 )
NET ASSETS 23,150 35,664

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 22,150 34,664
SHAREHOLDERS' FUNDS 23,150 35,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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.

PARK HILL HOMES (UK) LIMITED (REGISTERED NUMBER: 04381389)

BALANCE SHEET - continued
31ST MARCH 2017


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.

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 31st August 2017 and were signed on its behalf
by:





R.A. Brown - Director


PARK HILL HOMES (UK) LIMITED (REGISTERED NUMBER: 04381389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017

1. STATUTORY INFORMATION

Park Hill Homes (UK) Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents net invoiced sales of properties and related 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 - 20% on cost
Motor vehicles - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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 2 .

PARK HILL HOMES (UK) LIMITED (REGISTERED NUMBER: 04381389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2016 5,976 - 11,500 17,476
Additions 472 634 - 1,106
At 31st March 2017 6,448 634 11,500 18,582
DEPRECIATION
At 1st April 2016 4,021 - 4,600 8,621
Charge for year 917 - 2,427 3,344
At 31st March 2017 4,938 - 7,027 11,965
NET BOOK VALUE
At 31st March 2017 1,510 634 4,473 6,617
At 31st March 2016 1,955 - 6,900 8,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 60,500 930
Taxes 11,087 12,046
Prepayments 16,789 18,301
88,376 31,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 35,212 75,230
Other loans 1,006,262 1,551
Finance leases 1,250 3,000
Trade creditors 29,024 26,034
Corporation tax - 1,216
Related party creditors 3,632 121,987
Accrued expenses 2,675 5,251
1,078,055 234,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Finance leases - 1,250

PARK HILL HOMES (UK) LIMITED (REGISTERED NUMBER: 04381389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 35,212 75,230
Finance leases 1,250 4,250
36,462 79,480

Bank overdrafts and loans are secured against development properties.

Assets acquired under finance leases are secured against the relevant assets.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the controlling parties were R.A.Brown and M.V. Brown by virtue of the fact that
between them they own 100% of the issued ordinary share capital in the company.

R.A. Brown is a director and both R.A. Brown and M.V. Brown are shareholders in Park Hill House Limited.

During the year the company purchased goods and services from Park Hill House Limited amounting to £2,839
(2016 - £866) and sold goods and services to Park Hill House Limited amounting to £12,000 (2016 - £542,666),
on normal commercial terms. There were no amounts outstanding as at either balance sheet date.

At the balance sheet date the total sum owed to Park Hill House Limited by the company amounted to £3,632
(2016 - £121,987), in respect of normal inter-company transaction,

As at the balance sheet date the company owed R.A. Brown and M.V. Brown a total of £471,735 (2016 - £970)
and this is included within other loans.

As at the balance sheet date the company owed A.M. Brown a total of £47,771 (2016 - £581) and this is included
within other loans.