Company Accounts 1999

                         

THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

FINANCIAL STATEMENTS

 for the year ended 31st December 1999

 

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THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

 

COMPANY INFORMATION

 

31st December 1999

 

NUMBER                                               2188028

DIRECTORS                                           Peter Warner (resigned 0 1104199)

                                                             Margaret Chalmers (resigned 30/03199)

                                                             Robert Martin

                                                             Helen Short

                                                             Richard Chalmers (appointed 01/04/99)

                                                             Stacey Scammell

                                                             Sue Wilton

SECRETARY                                          Helen Short

REGISTERED OFFICE                            10 St Ann Street

                                                             Salisbury

                                                             Wiltshire

                                                             SP12DN

ACCOUNTANTS                                     Rothman Pantall & Co

                                                             Chartered Accountants

                                                             10 St Ann Street

                                                             Salisbury

                                                             Wiltshire SP1 2DN

 

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THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

 

DIRECTORS' REPORT

 

31st December 1999

 

 

The directors present their report and the financial statements for the year ended 31st December 1999.

 

Principal activity

 

The principal activity of the company the maintenance of the communal aspects of a residential area.

 

Directors

 

The directors who served during the year were as follows:

 

Peter Warner                            (resigned 01/04/99)                                                                              

Margaret Chalmers                    (resigned 30/03/99)

Richard Chalmers                      (appointed 01/04/99)

Robert Martin

Helen Short

Stacey Scammell

Sue Wilton

 

Small company exemptions

This report is prepared in accordance with the special provisions of Part V11 of the Companies Act 1985 relating to small companies (S246(1 b)).

 

 

Signed on behalf of the board of directors

 

 

 

  

Helen Short

Secretary

 

Approved by the board: 28 March 2000

 

THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

 

PROFIT AND LOSS ACCOUNT

 

for the year ended 31st December 1999

 

 

		1999		1998
	Note	£		£
Turnover		3,583		3,701
Cost of sales		(1,881)		(1,298)
Gross profit		1,702		2,403
Net operating expenses
Administrative expenses		(1,285)		(1,228)
Other operating income		87		134
Profit on ordinary activities Before taxation		504		1,309
Taxation		(18)		(28)
Profit on ordinary activities after taxation retained for the year		486		1,281

 

Movements in reserves are shown in note

 

None of the company's activities were acquired or discontinued during the above two financial years.

 

There are no recognised gains and losses in 1999 or 1998 other than the profit for the year.

THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

 

BALANCE SHEET

 

at 31st December 1999

 

 

		1999		1998
	Note	£	£	£	£
Fixed assets
Tangible assets	2		11		14
Current assets
Debtors		509		169
Cash at bank and in hand		7,129		6,933
		7,638		7,102
Creditors: amounts failing due within one year		(428)		(381)
Net current assets			7,210		6,721
Total assets less current liabilities			7,221		6,735
Capital and reserves
Profit and loss account			7,221		6,735
Total shareholders' funds			7,221		6,735

 

 

The directors consider that for the year ended 31st December 1999 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 V11 of the Companies Act 1985 relating to small companies (S246(8)) and (S246a(5)).

 

Signed on behalf of the board of directors

  

 

R Martin

Director

 

Approved by the board: 28 March 2000

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THE PARLIAMENT PLACE MANAGEMENT COMPANY LIMITED (BY GUARANTEE)

 

NOTES ON FINANCIAL STATEMENTS

 

31st December 1999

 

1        Accounting policies

 

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.

 

Turnover

 

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

 

Depreciation

 

Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows:

 

Plant and machinery                                                    25% Reducing Balance

 

2        Tangible fixed assets

 

        

	Plant and
	Machinery
Cost		£
1st January 1999
and
31st December 1999		105
Depreciation
1st January 1999		91
Charge for year		4
31st December 1999		95
Net book amount
31st December 1999		11
31st December 1998		14

        

 

 

3        Share capital

 

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