Parke Bree LTD |
Registered number: |
14367094 |
Balance Sheet |
as at 30 September 2023 |
|
Notes |
|
|
2023 |
|
£ |
|
Fixed assets |
Investments |
3 |
|
|
157,327 |
|
Current assets |
Debtors |
4 |
|
336 |
Cash at bank and in hand |
|
|
21,634 |
|
|
|
21,970 |
|
|
|
Creditors: amounts falling due within one year |
5 |
|
(183,164) |
|
Net current liabilities |
|
|
|
(161,194) |
|
|
Net liabilities |
|
|
|
(3,867) |
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
Profit and loss account |
|
|
|
(3,967) |
|
Shareholders' funds |
|
|
|
(3,867) |
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Mr Spencer William Harvey |
Director |
Approved by the board on 1 November 2023 |
|
Parke Bree LTD |
Notes to the Accounts |
for the period from 21 September 2022 to 30 September 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2023 |
|
Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
3 |
Investments |
|
Property |
investments |
£ |
|
Cost |
|
Additions |
157,327 |
|
|
At 30 September 2023 |
157,327 |
|
|
4 |
Debtors |
2023 |
|
£ |
|
|
|
Other debtors |
336 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
£ |
|
|
|
Other creditors |
183,164 |
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
Other Creditors include unsecured loan from B527 Ltd of £180,000. B527 Ltd is incorporated in England and Wales. Mr Spencer Harvey and Ms Sharon Somers both are the directors and hold 87% and 1% shareholding in the company. |
|
|
7 |
Other information |
|
|
Parke Bree LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
106, 15 Main Drive |
|
East Lane Business Park |
|
Wembley |
|
Middlesex |
|
HA9 7NA |