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REGISTERED NUMBER: 07464035 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PARK FARM DESIGN LTD

PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARK FARM DESIGN LTD

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: L H Davenport





REGISTERED OFFICE: 20 Paradise Square
Sheffield
S1 1UA





REGISTERED NUMBER: 07464035 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,009 99,443
80,009 99,443

CURRENT ASSETS
Debtors 6 - 50,950
Cash at bank 236,092 99,286
236,092 150,236
CREDITORS
Amounts falling due within one year 7 166,238 104,786
NET CURRENT ASSETS 69,854 45,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,863

144,893

CREDITORS
Amounts falling due after more than one
year

8

(63,158

)

(76,214

)

PROVISIONS FOR LIABILITIES (15,202 ) (18,894 )
NET ASSETS 71,503 49,785

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 71,498 49,780
SHAREHOLDERS' FUNDS 71,503 49,785

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

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

PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)

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 15 February 2024 and were signed by:





L H Davenport - Director


PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Park Farm Design 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.

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


Park Farm Design Limited is a 100% subsidiary of Memphco Limited.

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.

Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents sales of goods and services net of value added tax. Turnover is recognised when the right to title is passed to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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.


PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 10,000
AMORTISATION
At 1 January 2022
and 31 December 2022 10,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 127,481
Additions 1,326
At 31 December 2022 128,807
DEPRECIATION
At 1 January 2022 28,038
Charge for year 20,760
At 31 December 2022 48,798
NET BOOK VALUE
At 31 December 2022 80,009
At 31 December 2021 99,443

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 108,885
DEPRECIATION
At 1 January 2022 16,332
Charge for year 18,510
At 31 December 2022 34,842
NET BOOK VALUE
At 31 December 2022 74,043
At 31 December 2021 92,553

PARK FARM DESIGN LTD (REGISTERED NUMBER: 07464035)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 950
Amounts owed by group undertakings - 50,000
- 50,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Finance leases 13,056 13,056
Trade creditors 52,498 20,943
Taxation and social security 36,719 29,634
Other creditors 63,965 41,153
166,238 104,786

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.22 31.12.21
£    £   
Finance leases 63,158 76,214

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Finance leases 76,214 89,270

The finance lease contracts are secured on the asset to which they relate.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L H Davenport.