Company Accounts 1998

                       

THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

 ABBREVIATED BALANCE SHEET

 at 31st December 1998

 

1998  1997
 £  £  £  £
Fixed assets
Tangible assets   14 19
Current assets
Debtors 169 350
Cash at bank and in hand 6,933 5,456
7,102    5,806

Creditors: amounts failing due within one year

 (381)  (371)
Net current assets  6,721  5,435
Total assets less current liabilities    6,735  5,454
Capital and reserves
Profit and loss account  6,735   5,454
Total shareholders' funds   6,735 5,454

The directors consider that for the year ended 31st December 1998 the company was entitled to exemption under subsection 1 of section 249A of the Companies Act 1985. No member or members have deposited a notice requesting an audit for the current financial year under subsection 2 of section 249B of the Act.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 221 of the Companies Act 1985 and preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 226, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.

These financial statements are prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies (s246(8)) and (s248a(5)).

Signed on behalf of the board of directors:

R Martin

Director

Approved by the board: 18 October 199

 

1 Accounting policies

a Basis of accounting

The financial statements have been prepared under the historical cost accounting rules.

The company has taken advantage of the exemption from preparing a cash flow statement conferred by Financial Reporting Standard No. 1 on the grounds that it qualifies as a small company under the Companies Act 1985.

b Turnover

Turnover represents the amount derived from the provision of goods and services fa] within the company's activities after deduction of trade discounts and value added tax. c Depreciation

Depreciation of fixed assets is calculated to write off their cost or valuation less any resi(

value over their estimated useful lives as follows:

                Plant and machinery                25% Reducing Balance

2 Fixed assets

Cost

Tangible                fixed assets £

1st January 1998 and 31st December 1998

105

Depreciation 1st January 1998 

 86
Charge for year  5
31st December 1998 91
Net book amount
31st December 1998 14
1st January 1998 19

3 Share Capital

          The company is limited by guarantee and has no share capital.

İThe Parliament Place Management Company Limited
5 Parliament Place, Winchester SO22 4QS, United Kingdom
Company Reference 2188028