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REGISTERED NUMBER: 13303732 (England and Wales)












Financial Statements

for the Year Ended 31 March 2023

for

Parkway - Property Ltd

Parkway - Property Ltd (Registered number: 13303732)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Parkway - Property Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S Sutton
S Sutton





REGISTERED OFFICE: Archwood House
46/48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 13303732 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Parkway - Property Ltd (Registered number: 13303732)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,000 138,000

CURRENT ASSETS
Cash at bank and in hand 36,762 41,427

CREDITORS
Amounts falling due within one year 5 90,475 90,542
NET CURRENT LIABILITIES (53,713 ) (49,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,287

88,885

CREDITORS
Amounts falling due after more than one
year

6

97,504

97,480
NET LIABILITIES (13,217 ) (8,595 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (13,219 ) (8,597 )
(13,217 ) (8,595 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 6 November 2023 and were signed on its behalf by:



S Sutton - Director


Parkway - Property Ltd (Registered number: 13303732)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Parkway - Property Ltd 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
The accounts have been prepared on a going concern basis.The company is reliant on the continued support of the Directors and the loan company and the facilities that they have provided, as these are agreed loans over a period of time these can be relied upon to provide the support required.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 138,000
NET BOOK VALUE
At 31 March 2023 138,000
At 31 March 2022 138,000

Parkway - Property Ltd (Registered number: 13303732)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 90,475 90,542

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 97,504 97,480

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 97,504 97,480