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REGISTERED NUMBER: 04662372 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

PARKTON GROVE LIMITED

PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKTON GROVE LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: J A Norcliffe
R C Dunn
Mrs J Dunn
Mrs M N E Norcliffe





SECRETARY: Mrs M N E Norcliffe





REGISTERED OFFICE: Dean Brook Cottage
Dean Brook Road
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7PB





REGISTERED NUMBER: 04662372 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 718 297
Investments 5 13 13
Investment property 6 747,500 747,500
748,231 747,810

CURRENT ASSETS
Debtors 7 1,054 1,054
Cash at bank 7,857 8,658
8,911 9,712
CREDITORS
Amounts falling due within one year 8 51,111 80,156
NET CURRENT LIABILITIES (42,200 ) (70,444 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,031

677,366

PROVISIONS FOR LIABILITIES 41,368 31,358
NET ASSETS 664,663 646,008

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 319,101 328,987
Retained earnings 10 345,462 316,921
SHAREHOLDERS' FUNDS 664,663 646,008

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

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

PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)

BALANCE SHEET - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





J A Norcliffe - Director


PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Parkton Grove 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Computer equipment - 50% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 4 (2022 - 4 ) .

PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022 1,888
Additions 799
At 31 May 2023 2,687
DEPRECIATION
At 1 June 2022 1,591
Charge for year 378
At 31 May 2023 1,969
NET BOOK VALUE
At 31 May 2023 718
At 31 May 2022 297

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 13
NET BOOK VALUE
At 31 May 2023 13
At 31 May 2022 13

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 747,500
NET BOOK VALUE
At 31 May 2023 747,500
At 31 May 2022 747,500

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2013 138,914
Valuation in 2014 123,875
Valuation in 2016 97,500
Cost 387,211
747,500

PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 387,211 387,211
Aggregate depreciation (149,270 ) (141,625 )

Investment property was valued on open market basis basis on 31 May 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,054 1,054

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 7,986 7,780
Directors' current accounts 38,353 68,353
Accrued expenses 4,772 4,023
51,111 80,156

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
49 Ordinary A £1 49 49
24 Ordinary B £1 24 24
24 Ordinary C £1 24 24
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 316,921 328,987 645,908
Profit for the year 24,655 24,655
Dividends (6,000 ) (6,000 )
Fair value adjustment 9,886 (9,886 ) -
At 31 May 2023 345,462 319,101 664,563

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £1,054 (2022 £1,054) by its subsidiary company.