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REGISTERED NUMBER: 01411099 (England and Wales)















Park View Motors (Finchampstead) Limited

Financial Statements for the Year Ended 31st March 2018






Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Contents of the Financial Statements
for the Year Ended 31st March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park View Motors (Finchampstead) Limited

Company Information
for the Year Ended 31st March 2018







DIRECTORS: A Barrie
K Barrie





REGISTERED OFFICE: 4 High Street
Alton
Hampshire
GU34 1BU





REGISTERED NUMBER: 01411099 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
4 High Street
Alton
Hampshire
GU34 1BU

Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Balance Sheet
31st March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400,396 401,045

CURRENT ASSETS
Stocks 5 25,745 26,498
Debtors 6 23,612 36,496
Cash at bank and in hand 79,384 88,743
128,741 151,737
CREDITORS
Amounts falling due within one year 7 138,652 162,494
NET CURRENT LIABILITIES (9,911 ) (10,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,485

390,288

CREDITORS
Amounts falling due after more than
one year

8

146,453

169,316
NET ASSETS 244,032 220,972

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 243,932 220,872
SHAREHOLDERS' FUNDS 244,032 220,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 View Motors (Finchampstead) Limited (Registered number: 01411099)

Balance Sheet - continued
31st March 2018


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 7th November 2018 and were signed
on its behalf by:





A Barrie - Director


Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Notes to the Financial Statements
for the Year Ended 31st March 2018


1. STATEMENT OF COMPLIANCE

Park View Motors (Finchampstead) Limited is a company limited by shares and is incorporated in
England, registration number 01411099. The registered office is 4 High Street, Alton, Hampshire,
GU34 1BU.

The financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest pound.

The financial statements have been prepared in compliance with FRS 102 as it applied to the
financial statements for the period ended 31st March 2018.

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 is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Land and buildings are not depreciated. The freehold building is maintained in good repair and it is
considered that the residual value is such that any depreciation charged would be immaterial. At
the end of each reporting period land and buildings are reviewed for impairment in accordance with
FRS 102 paragraph 27.7.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.


Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Forecourt Plant and
property canopy machinery
£    £    £   
COST
At 1st April 2017
and 31st March 2018 400,000 10,745 25,448
DEPRECIATION
At 1st April 2017 - 10,745 25,368
Charge for year - - 80
At 31st March 2018 - 10,745 25,448
NET BOOK VALUE
At 31st March 2018 400,000 - -
At 31st March 2017 400,000 - 80

Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2017
and 31st March 2018 12,584 4,230 4,318 457,325
DEPRECIATION
At 1st April 2017 12,016 4,230 3,921 56,280
Charge for year 299 - 270 649
At 31st March 2018 12,315 4,230 4,191 56,929
NET BOOK VALUE
At 31st March 2018 269 - 127 400,396
At 31st March 2017 568 - 397 401,045

5. STOCKS
2018 2017
£    £   
Stocks 25,745 26,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 17,216 20,276
Prepayments 6,396 16,220
23,612 36,496

Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 20,595 19,580
Trade creditors 14,214 38,240
Tax 11,191 10,255
Social security and other taxes 1,682 1,864
VAT 7,043 4,017
Other creditors 225 241
Directors' current accounts 80,054 82,544
Accrued expenses 3,648 5,753
138,652 162,494

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans - 1-2 years 21,649 20,582
Bank loans - 2-5 years 71,822 68,281
Bank loans more 5 yr by instal 52,982 78,453
Other loans - 1-2 years - 2,000
146,453 169,316

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,982 78,453

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year 8,000 8,000
Between one and five years 8,000 16,000
16,000 24,000

Park View Motors (Finchampstead) Limited (Registered number: 01411099)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018


10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 167,048 186,896

The bank loan is secured by a fixed and floating charge over the assets of the company

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2,000 Ordinary 0.05 100 100

12. RESERVES
Retained
earnings
£   

At 1st April 2017 220,872
Profit for the year 47,060
Dividends (24,000 )
At 31st March 2018 243,932

13. RELATED PARTY DISCLOSURES

Part of the property from which the company trades is owned by the directors Mr and Mrs Barrie.
No rent is charged.

As at 31.03.2018, the directors had an aggregate balance owed to them from the Company of
£80,054 (2017: £82,544). This amount is interest free and repayable on demand.