Company registration number 11667025 (England and Wales)
Park York Ltd
Unaudited
Financial Statements
for the year ended 31 January 2023
PAGES FOR FILING WITH REGISTRAR
Park York Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Park York Ltd
Statement of financial position
as at 31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,246,728
1,135,410
Current assets
Debtors
5
32,241
107,950
Cash at bank and in hand
1,427
502
33,668
108,452
Creditors: amounts falling due within one year
6
(314,733)
(209,250)
Net current liabilities
(281,065)
(100,798)
Total assets less current liabilities
965,663
1,034,612
Creditors: amounts falling due after more than one year
7
(1,024,167)
(1,038,333)
Net liabilities
(58,504)
(3,721)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(58,505)
(3,722)
Total equity
(58,504)
(3,721)
Park York Ltd
Statement of financial position (continued)
as at 31 January 2023
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 13 October 2023 and are signed on its behalf by:
P Barker
Director
Company Registration No. 11667025
Park York Ltd
Notes to the financial statements
for the year ended 31 January 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
No depreciation
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The company had no employees during the year.
2023
2022
Number
Number
Total
Park York Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2023
- 4 -
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022
1,135,410
Additions
111,318
At 31 January 2023
1,246,728
Depreciation and impairment
At 1 February 2022 and 31 January 2023
Carrying amount
At 31 January 2023
1,246,728
At 31 January 2022
1,135,410
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
32,241
107,950
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
5,931
Trade creditors
1
Other creditors
218,340
136,651
Accruals and deferred income
86,393
66,667
314,733
209,250
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
1,024,167
1,038,333
8
Company information
Park York Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.