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REGISTERED NUMBER: 07948810 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 November 2021

for

New Park Enterprises Limited

New Park Enterprises Limited (Registered number: 07948810)

Contents of the Financial Statements
for the Year Ended 29 November 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Park Enterprises Limited

Company Information
for the Year Ended 29 November 2021







DIRECTORS: Mrs B Kalsi
Miss M Kalsi





REGISTERED OFFICE: 106 High Street
Harrow
Middlesex
HA1 3LP





REGISTERED NUMBER: 07948810 (England and Wales)






New Park Enterprises Limited (Registered number: 07948810)

Balance Sheet
29 November 2021

29.11.21 29.11.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,680 -
6,680 -

CURRENT ASSETS
Stocks 6 38,858 38,858
Debtors 7 127,866 101,841
Cash at bank 16,696 15,988
183,420 156,687
CREDITORS
Amounts falling due within one year 8 95,807 85,468
NET CURRENT ASSETS 87,613 71,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,293

71,219

CREDITORS
Amounts falling due after more than one year 9 44,907 67,382
NET ASSETS 49,386 3,837

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 49,186 3,637
SHAREHOLDERS' FUNDS 49,386 3,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2021 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.

New Park Enterprises Limited (Registered number: 07948810)

Balance Sheet - continued
29 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 August 2022 and were signed on its behalf by:





Miss M Kalsi - Director


New Park Enterprises Limited (Registered number: 07948810)

Notes to the Financial Statements
for the Year Ended 29 November 2021


1. STATUTORY INFORMATION

New Park Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on cost
Plant and machinery etc - 25% on reducing balance and 20% on cost

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

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.


New Park Enterprises Limited (Registered number: 07948810)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 November 2020
and 29 November 2021 5,833
AMORTISATION
At 30 November 2020
and 29 November 2021 5,833
NET BOOK VALUE
At 29 November 2021 -
At 29 November 2020 -

New Park Enterprises Limited (Registered number: 07948810)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2021


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 30 November 2020 12,031 6,262 10,393 - 28,686
Additions - - - 6,822 6,822
At 29 November 2021 12,031 6,262 10,393 6,822 35,508
DEPRECIATION
At 30 November 2020 12,031 6,262 10,393 - 28,686
Charge for year - - - 142 142
At 29 November 2021 12,031 6,262 10,393 142 28,828
NET BOOK VALUE
At 29 November 2021 - - - 6,680 6,680
At 29 November 2020 - - - - -

6. STOCKS
29.11.21 29.11.20
£    £   
Stocks 38,858 38,858

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.21 29.11.20
£    £   
Trade debtors 122,176 95,009
Other debtors 5,690 6,832
127,866 101,841

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.21 29.11.20
£    £   
Bank loans and overdrafts (see note 10) 16,362 8,601
Trade creditors 39,358 43,373
Taxation and social security 23,390 14,314
Other creditors 16,697 19,180
95,807 85,468

New Park Enterprises Limited (Registered number: 07948810)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2021


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.11.21 29.11.20
£    £   
Bank loans (see note 10) 44,907 67,382

10. LOANS

An analysis of the maturity of loans is given below:

29.11.21 29.11.20
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,362 8,601

Amounts falling due between two and five years:
Bank loans - 2-5 years 44,907 67,382

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 29.11.21 29.11.20
value: £    £   
200 Ordinary share 1 200 200

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Director's loan account had a £9,550 balance (2020:£NIL).