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REGISTERED NUMBER: 07438315 (England and Wales)















GLOBAL PARK ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2023






GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


GLOBAL PARK ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mr A.T. Motts





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 07438315 (England and Wales)

GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,092 5,384
Investment property 5 4,491,424 3,841,424
4,495,516 3,846,808

CURRENT ASSETS
Debtors 6 21,603 43,115
Cash at bank 17,295 217,331
38,898 260,446
CREDITORS
Amounts falling due within one year 7 (175,101 ) (192,893 )
NET CURRENT (LIABILITIES)/ASSETS (136,203 ) 67,553
TOTAL ASSETS LESS CURRENT LIABILITIES 4,359,313 3,914,361

PROVISIONS FOR LIABILITIES (290,955 ) (210,441 )
NET ASSETS 4,068,358 3,703,920

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 1,403,029 1,042,704
Retained earnings 2,664,329 2,660,216
SHAREHOLDERS' FUNDS 4,068,358 3,703,920

GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

BALANCE SHEET - continued
30 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 November 2023 and were signed by:





Mr A.T. Motts - Director


GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Global Park Estates 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 (£) and the financial statements
are rounded to the nearest Pound.

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 provision 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
Rental income is included on a receivable basis and a separate provision is made when rents are no longer considered recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 20% on reducing balance

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

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
Deferred taxation
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 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022
and 30 April 2023 1,629 4,712 1,500 5,597 13,438
DEPRECIATION
At 1 May 2022 692 2,311 1,200 3,851 8,054
Charge for year 163 480 300 349 1,292
At 30 April 2023 855 2,791 1,500 4,200 9,346
NET BOOK VALUE
At 30 April 2023 774 1,921 - 1,397 4,092
At 30 April 2022 937 2,401 300 1,746 5,384

GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 3,841,424
Additions 206,075
Revaluations 443,925
At 30 April 2023 4,491,424
NET BOOK VALUE
At 30 April 2023 4,491,424
At 30 April 2022 3,841,424

At the year end the open market values of investment properties were considered by the director and adjusted accordingly. The historic cost of the investment properties was £2,824,837.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 216 3,138
Amounts due from related undertaking 3,213 3,213
Other debtors 8,934 21,600
Prepayments and accrued income 9,240 7,030
21,603 34,981

Amounts falling due after more than one year:
Other debtors - 8,134

Aggregate amounts 21,603 43,115

Other debtors include loan notes which were received as part of the disposal of Rollerworld Limited. These are interest bearing at 2.5% and are redeemable on 30 September 2023. Their undiscounted value at the year end is £8,133.

GLOBAL PARK ESTATES LIMITED (REGISTERED NUMBER: 07438315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,370 5,359
Corporation tax 17,471 29,778
Other taxes and social security 199 2,170
Other creditors 8,480 7,964
Directors' current accounts 116,509 119,185
Accruals and deferred income 25,072 28,437
175,101 192,893

8. RESERVES

Fair
value
reserve
£
At 1 May 20211,001,538
Fair value adjustment on revaluation61,000
Deferred tax on revaluation(4,037)
Fair value adjustment on disposal(17,168)
Deferred tax on disposal1,370

At 30 April 20221,042,703

9. RELATED PARTY DISCLOSURES

At the balance sheet date an amount was payable to the company of £3,213 (2022: £3,213) from the TAB Trust, a pension scheme of which the director is a beneficiary.