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REGISTERED NUMBER: 04381389 (England and Wales)














PARK HILL HOMES (U.K.) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015






PARK HILL HOMES (U.K.) LIMITED (REGISTERED NUMBER: 04381389)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PARK HILL HOMES (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2015







DIRECTOR: R.A. 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 (U.K.) LIMITED (REGISTERED NUMBER: 04381389)

ABBREVIATED BALANCE SHEET
31ST MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 11,978 9,015

CURRENT ASSETS
Stocks 128,509 87,155
Debtors 45,426 238,225
Cash in hand 422 14
174,357 325,394
CREDITORS
Amounts falling due within one year 3 147,400 296,316
NET CURRENT ASSETS 26,957 29,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,935

38,093

CREDITORS
Amounts falling due after more than one
year

3

(4,250
)
-

PROVISIONS FOR LIABILITIES (1,652 ) -
NET ASSETS 33,033 38,093

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 32,033 37,093
SHAREHOLDERS' FUNDS 33,033 38,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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.

PARK HILL HOMES (U.K.) LIMITED (REGISTERED NUMBER: 04381389)

ABBREVIATED BALANCE SHEET - continued
31ST MARCH 2015


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 22nd December 2015 and were signed by:





R.A. Brown - Director


PARK HILL HOMES (U.K.) LIMITED (REGISTERED NUMBER: 04381389)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2015

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 April 2008).

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2014 13,392
Additions 14,084
Disposals (10,000 )
At 31st March 2015 17,476
DEPRECIATION
At 1st April 2014 4,377
Charge for year 3,121
Eliminated on disposal (2,000 )
At 31st March 2015 5,498
NET BOOK VALUE
At 31st March 2015 11,978
At 31st March 2014 9,015

3. CREDITORS

Creditors include an amount of £ 95,171 (2014 - £ 30,353 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1 1,000 1,000

PARK HILL HOMES (U.K.) LIMITED (REGISTERED NUMBER: 04381389)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST MARCH 2015

5. 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 £1,000
(2014 - £1,000) and sold goods and services to Park Hill House Limited amounting to £613,750 (2014 -
£428,000), on normal commercial terms. Amounts outstanding as at the balance sheet date amounted to £1,124
(2014 - £1,000) due by the company by Park Hill House Limited and £4,000 (2014 - £208,000) due to the
company to Park Hill House Limited. These sums are shown respectively as part of the accruals and trade
debtors figures.

At the balance sheet date the total sum owed by Park Hill House Limited to the company amounted to £20,000
(2014 - £nil), in respect of normal inter-company transaction,

R.A. Brown, M.V. Brown and A.M. Brown charged a total of £1,013 (2014 - £9,951) as interest on monies lent
to the company during the period. Sums not paid as at the balance sheet date and therefore included within the
creditors total amounted to £1,013 (2014 - £9,951). These sums were paid shortly after the balance sheet date.

As at the balance sheet date the company owed R.A. Brown and M.V. Brown a total of £579 (2014 - £139,484)
and this is included within other loans.

As at the balance sheet date the company owed A.M. Brown a total of £1,697 (2014 - £5,050) and this is
included within other loans.

Dividends paid to shareholders were as follows:

R.A. Brown - £9,180 (2014 - £16,200)

M.V. Brown - £8,820 (2014 - £nil)