REGISTERED NUMBER: 04381389 (England and Wales)

PARK HILL HOMES (U.K.) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

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.

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

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

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)