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Parc Properties Management Limited
02819969
2015-12-31
102206
90766
102506
91066
300
300
102506
91066
1274
0
103780
91066
94991
85947
277635
350417
372626
436364
143411
243769
229215
192595
8789
5119
8789
5119
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & Fittings
Reducing Balance
0.3300
Motor Vehicles
Reducing Balance
0.2500
Computer Equipment
Reducing Balance
0.2500
48801
40589
8212
40012
35470
4542
48801
40589
8212
40012
35470
4542
Ordinary
300
1
300
300
Ordinary
1
300
300
300
2016-03-10
Mr H Vahabi
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Parc Properties Management Limited
2015-01-01
2015-12-31
Parc Properties Management Limited
2014-01-01
2014-12-31
Parc Properties Management Limited
2013-12-31
Parc Properties Management Limited
2014-12-31
Parc Properties Management Limited
2014-12-31
Parc Properties Management Limited
2015-12-31
2016-03-14