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REGISTERED NUMBER: 13260843 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Park Realty Group Limited

Park Realty Group Limited (Registered number: 13260843)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Park Realty Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Ms J Dove





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





BUSINESS ADDRESS: D6 Arena Business Centre
9 Nimrod Way
Ferndown Industrial Centre
Wimborne
Dorset
BH21 7UH





REGISTERED NUMBER: 13260843 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Park Realty Group Limited (Registered number: 13260843)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,161 6,246
Investments 5 - -
75,161 6,246

CURRENT ASSETS
Debtors 130,518 238,626
Prepayments and accrued income 6,204 579
Cash at bank 220,411 101,385
357,133 340,590
CREDITORS
Amounts falling due within one year 106,564 194,520
NET CURRENT ASSETS 250,569 146,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,730

152,316

CREDITORS
Amounts falling due after more than one year (31,952 ) -

PROVISIONS FOR LIABILITIES (5,447 ) (1,562 )

ACCRUALS AND DEFERRED INCOME (177,885 ) (95,644 )
NET ASSETS 110,446 55,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,346 55,010
SHAREHOLDERS' FUNDS 110,446 55,110

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 director acknowledges her 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.

Park Realty Group Limited (Registered number: 13260843)

Abridged Statement of Financial Position - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Ms J Dove - Director


Park Realty Group Limited (Registered number: 13260843)

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

1. STATUTORY INFORMATION

Park Realty Group 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
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.
Freehold property - Straight line over 50 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Park Realty Group Limited (Registered number: 13260843)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 7,304
Additions 77,608
At 31 March 2023 84,912
DEPRECIATION
At 1 April 2022 1,058
Charge for year 8,693
At 31 March 2023 9,751
NET BOOK VALUE
At 31 March 2023 75,161
At 31 March 2022 6,246

Park Realty Group Limited (Registered number: 13260843)

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 3,000
Disposals (3,000 )
Impairments (2,900 )
At 31 March 2023 (2,900 )
PROVISIONS
Eliminated on disposal (2,900 )
At 31 March 2023 (2,900 )
NET BOOK VALUE
At 31 March 2023 -

The company purchased 100% of the share capital of ORB 3D LTD (Company No 11868511) on 9th June 2022 for £3,000. The company sold all the share capital on 31st March 2023 for £100, being the nominal price of the shares following an impairment review on the value of the shares.

6. RELATED PARTY DISCLOSURES

"Park Realty Group Limited" invoiced "Sun Golf Ski Limited" £1,400 (2022 - £5,832.69) during the financial period for expenses incurred on the company's behalf. At the financial period end, "Park Realty Group Limited" was owed £320 (2022 - £22,920) from "Sun Golf Ski Limited" in respect of outstanding sales invoices. These are included within debtors.

"Sun Golf Ski Limited" recharged "Park Realty Group Limited" £27,875 (2022 - £24,209) during the financial period for expenses incurred on the company's behalf as well £4,167 (2022 - £10,000) for consultancy fees. "Park Realty Group Limited" owed £Nil (2022 - £22,050) to "Sun Golf Ski Limited" in respect of outstanding purchase invoices. These are included within creditors.

"Park Realty Group Limited" provided a series of loans to "Sun Golf Ski Limited" totalling £22,194 (2022 - £66,801). The loans were repaid in full during the financial year. "Sun Golf Ski Limited" provided a loan balance of £2,083 to "Park Realty Group Limited" during the financial year and this remained outstanding at the financial year end (2022 - £8,894 owed from) No interest is charged on loan balances and loans are repayable on demand. The loan is included in Creditors (2022 - Debtors). The loan was repaid on 3rd April 2023.

"Park Realty Group Limited" and "Sun Golf Ski Limited" are companies in which J Dove is a director and holds a beneficial interest.

The company purchased 100% of the share capital of ORB 3D LTD (Company No 11868511) on 9th June 2022 for £3,000. The company sold all the share capital on 31st March 2023 for £100, being the nominal price of the shares following an impairment review on the value of the shares. The shares were sold to G Dove. G Dove is the son of the director, J Dove.