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REGISTERED NUMBER: 08569970 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2021 TO 31 DECEMBER 2022

FOR

OUR PARKS LTD

OUR PARKS LTD (REGISTERED NUMBER: 08569970)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 July 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OUR PARKS LTD

COMPANY INFORMATION
for the Period 1 July 2021 to 31 December 2022







DIRECTOR: B Barikor





REGISTERED OFFICE: 10 London Mews
LONDON
W2 1HY





REGISTERED NUMBER: 08569970 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

OUR PARKS LTD (REGISTERED NUMBER: 08569970)

BALANCE SHEET
31 December 2022

31.12.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,499 201,720

CURRENT ASSETS
Debtors 5 313,217 152,482
Cash at bank 9 58,058
313,226 210,540
CREDITORS
Amounts falling due within one year 6 300,398 266,920
NET CURRENT ASSETS/(LIABILITIES) 12,828 (56,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,327

145,340

CREDITORS
Amounts falling due after more than one
year

7

100,000

145,295
NET ASSETS 71,327 45

CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital redemption reserve 22,500 22,500
Retained earnings 48,826 (22,456 )
SHAREHOLDERS' FUNDS 71,327 45

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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.

OUR PARKS LTD (REGISTERED NUMBER: 08569970)

BALANCE SHEET - continued
31 December 2022


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 7 February 2024 and were signed by:





B Barikor - Director


OUR PARKS LTD (REGISTERED NUMBER: 08569970)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 July 2021 to 31 December 2022

1. STATUTORY INFORMATION

Our Parks 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
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.

Going concern
After reviewing the company's forecasts and projections, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents funding receivable in the year net of discounts and VAT.

Rendering of services

Revenue for providing services are recognised in the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line
Company website - 25% straight line

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the period 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.


OUR PARKS LTD (REGISTERED NUMBER: 08569970)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Company
fittings vehicles website Totals
£    £    £    £   
COST
At 1 July 2021 64,830 72,160 194,500 331,490
Additions - - 60,442 60,442
At 31 December 2022 64,830 72,160 254,942 391,932
DEPRECIATION
At 1 July 2021 9,971 18,040 101,759 129,770
Charge for period 20,572 27,060 56,031 103,663
At 31 December 2022 30,543 45,100 157,790 233,433
NET BOOK VALUE
At 31 December 2022 34,287 27,060 97,152 158,499
At 30 June 2021 54,859 54,120 92,741 201,720

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 30.6.21
£    £   
Trade debtors 24,756 14,480
Other debtors 288,461 138,002
313,217 152,482

OUR PARKS LTD (REGISTERED NUMBER: 08569970)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2021 to 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 30.6.21
£    £   
Bank loans and overdrafts 68,677 4,704
Hire purchase contracts 20,549 37,493
Trade creditors 107,420 69,665
Taxation and social security 73,930 107,814
Other creditors 29,822 47,244
300,398 266,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 30.6.21
£    £   
Bank loans 100,000 145,295

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 26,318

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 30.6.21
value: £    £   
850 Ordinary A £.001 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2022 and the year ended 30 June 2021:

31.12.22 30.6.21
£    £   
B Barikor
Balance outstanding at start of period 75,336 177,045
Amounts advanced 158,786 -
Amounts repaid - (101,709 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 234,122 75,336