Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31falsefalse2021-11-01residential property management22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04557438 2021-11-01 2022-10-31 04557438 2020-11-01 2021-10-31 04557438 2022-10-31 04557438 2021-10-31 04557438 2020-11-01 04557438 c:Director1 2021-11-01 2022-10-31 04557438 d:Buildings 2021-11-01 2022-10-31 04557438 d:Buildings 2022-10-31 04557438 d:Buildings 2021-10-31 04557438 d:CurrentFinancialInstruments 2022-10-31 04557438 d:CurrentFinancialInstruments 2021-10-31 04557438 d:Non-currentFinancialInstruments 2022-10-31 04557438 d:Non-currentFinancialInstruments 2021-10-31 04557438 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 04557438 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 04557438 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 04557438 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 04557438 d:ShareCapital 2021-11-01 2022-10-31 04557438 d:ShareCapital 2022-10-31 04557438 d:ShareCapital 2021-10-31 04557438 d:ShareCapital 2020-11-01 04557438 d:SharePremium 2021-11-01 2022-10-31 04557438 d:SharePremium 2022-10-31 04557438 d:SharePremium 2021-10-31 04557438 d:SharePremium 2020-11-01 04557438 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 04557438 d:RetainedEarningsAccumulatedLosses 2022-10-31 04557438 d:RetainedEarningsAccumulatedLosses 2021-10-31 04557438 d:RetainedEarningsAccumulatedLosses 2020-11-01 04557438 c:OrdinaryShareClass1 2021-11-01 2022-10-31 04557438 c:OrdinaryShareClass1 2022-10-31 04557438 c:OrdinaryShareClass1 2021-10-31 04557438 c:FRS102 2021-11-01 2022-10-31 04557438 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 04557438 c:FullAccounts 2021-11-01 2022-10-31 04557438 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04557438









PARKDALE FREEHOLD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

 
PARKDALE FREEHOLD LIMITED
REGISTERED NUMBER: 04557438

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
177,390
177,390

Current assets
  

Debtors: amounts falling due within one year
 5 
9,140
9,177

Cash at bank and in hand
 6 
6,830
8,316

  
15,970
17,493

Creditors: amounts falling due within one year
 7 
(15,625)
(17,148)

Net current assets
  
 
 
345
 
 
345

Total assets less current liabilities
  
177,735
177,735

Creditors: amounts falling due after more than one year
 8 
(25,467)
(25,472)

  

Net assets
  
152,268
152,263


Capital and reserves
  

Called up share capital 
 9 
42
37

Share premium account
  
139,515
139,515

Profit and loss account
  
12,711
12,711

  
152,268
152,263


Page 1

 
PARKDALE FREEHOLD LIMITED
REGISTERED NUMBER: 04557438
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2023.




A Georgiou
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
PARKDALE FREEHOLD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 November 2020
37
139,515
12,711
152,263



At 1 November 2021
37
139,515
12,711
152,263


Contributions by and distributions to owners

Shares issued during the year
5
-
-
5


Total transactions with owners
5
-
-
5


At 31 October 2022
42
139,515
12,711
152,268


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
PARKDALE FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Parkdale Freehold Limited ("the Company") is private company limited by shares incorporated in England and Wales. Its registered office is 170a South Lodge Drive, Oakwood, London, N14 4XL. Its principal activity is residential property management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
PARKDALE FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
No dpreciation charge

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 5

 
PARKDALE FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 November 2021
177,390



At 31 October 2022

177,390






Net book value



At 31 October 2022
177,390



At 31 October 2021
177,390


5.


Debtors

2022
2021
£
£


Trade debtors
9,140
9,177



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
6,830
8,316


Page 6

 
PARKDALE FREEHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
12,425
13,948

Accruals and deferred income
3,200
3,200

15,625
17,148



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
25,467
25,472



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



42 (2021 - 37) Ordinary shares of £1.00 each
42
37


During the year, 5 £1 Ordinary shares were issued at par.

 
Page 7