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REGISTERED NUMBER: 10184025 (England and Wales)



















Unaudited Financial Statements

for the Period 1st November 2021 to 30th April 2023

for

PARKSIDE PROPERTY LIMITED

PARKSIDE PROPERTY LIMITED (REGISTERED NUMBER: 10184025)






Contents of the Financial Statements
for the period 1st November 2021 to 30th April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

PARKSIDE PROPERTY LIMITED

Company Information
for the period 1st November 2021 to 30th April 2023







DIRECTOR: E Haq





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 10184025 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

PARKSIDE PROPERTY LIMITED (REGISTERED NUMBER: 10184025)

Statement of Financial Position
30th April 2023

30.4.23 31.10.21
Notes £    £   
CURRENT ASSETS
Inventories - 760,437
Debtors 4 108 885
Cash at bank 102,570 19,920
102,678 781,242
CREDITORS
Amounts falling due within one year 5 4,810 22,380
NET CURRENT ASSETS 97,868 758,862
TOTAL ASSETS LESS CURRENT LIABILITIES 97,868 758,862

CREDITORS
Amounts falling due after more than one
year

6

-

480,255
NET ASSETS 97,868 278,607

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 97,838 278,577
SHAREHOLDERS' FUNDS 97,868 278,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PARKSIDE PROPERTY LIMITED (REGISTERED NUMBER: 10184025)

Statement of Financial Position - continued
30th April 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2023 and were signed by:





E Haq - Director


PARKSIDE PROPERTY LIMITED (REGISTERED NUMBER: 10184025)

Notes to the Financial Statements
for the period 1st November 2021 to 30th April 2023

1. STATUTORY INFORMATION

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

PARKSIDE PROPERTY LIMITED (REGISTERED NUMBER: 10184025)

Notes to the Financial Statements - continued
for the period 1st November 2021 to 30th April 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 31.10.21
£    £   
Other debtors 30 30
VAT 78 855
108 885

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 31.10.21
£    £   
Other creditors - 20,700
Directors' current accounts 2,600 -
Accruals and deferred income 2,210 1,680
4,810 22,380

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 31.10.21
£    £   
Other creditors - 480,255

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Parkside Property Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parkside Property Limited for the period ended 30th April 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Parkside Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parkside Property Limited and state those matters that we have agreed to state to the director of Parkside Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parkside Property Limited and its director for our work or for this report.

It is your duty to ensure that Parkside Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Parkside Property Limited. You consider that Parkside Property Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Parkside Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


17th October 2023