IRIS Accounts Production v23.3.0.418 03578418 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035784182022-07-31035784182023-07-31035784182022-08-012023-07-31035784182021-07-31035784182021-08-012022-07-31035784182022-07-3103578418ns10:Originalns15:EnglandWales2022-08-012023-07-3103578418ns14:PoundSterlingns10:Original2022-08-012023-07-3103578418ns10:Originalns10:Director12022-08-012023-07-3103578418ns10:Original2022-08-012023-07-3103578418ns10:Original2023-07-3103578418ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3103578418ns10:Originalns10:SmallEntities2022-08-012023-07-3103578418ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3103578418ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3103578418ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3103578418ns10:Originalns10:FullAccounts2022-08-012023-07-3103578418ns10:Original2021-08-012022-07-3103578418ns10:CompanySecretary1ns10:Original2022-08-012023-07-3103578418ns10:Originalns10:RegisteredOffice2022-08-012023-07-3103578418ns10:Original2022-07-3103578418ns10:Originalns5:CurrentFinancialInstruments2023-07-3103578418ns10:Originalns5:CurrentFinancialInstruments2022-07-3103578418ns10:Originalns5:Non-currentFinancialInstruments2023-07-3103578418ns10:Originalns5:Non-currentFinancialInstruments2022-07-3103578418ns5:ShareCapitalns10:Original2023-07-3103578418ns5:ShareCapitalns10:Original2022-07-3103578418ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3103578418ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3103578418ns10:Originalns5:FurnitureFittings2022-08-012023-07-3103578418ns10:Originalns5:FurnitureFittings2022-07-3103578418ns10:Originalns5:FurnitureFittings2023-07-3103578418ns10:Originalns5:FurnitureFittings2022-07-3103578418ns10:Original2022-07-3103578418ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3103578418ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 03578418 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PARKWALK PROPERTIES LIMITED

PARKWALK PROPERTIES LIMITED (REGISTERED NUMBER: 03578418)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKWALK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: C P Dyhouse





SECRETARY: C P Dyhouse





REGISTERED OFFICE: 7 Brobury Croft
Prospect Grange
Solihull
B91 1HQ





REGISTERED NUMBER: 03578418 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

PARKWALK PROPERTIES LIMITED (REGISTERED NUMBER: 03578418)

BALANCE SHEET
31 JULY 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,117,000 1,125,000
1,117,000 1,125,000

CURRENT ASSETS
Debtors 6 435 691
Cash at bank 60,045 41,393
60,480 42,084
CREDITORS
Amounts falling due within one year 7 12,315 9,978
NET CURRENT ASSETS 48,165 32,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,165,165

1,157,106

CREDITORS
Amounts falling due after more than one
year

8

(60,000

)

(65,000

)

PROVISIONS FOR LIABILITIES (144,381 ) (111,250 )
NET ASSETS 960,784 980,856

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 960,782 980,854
960,784 980,856

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

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

PARKWALK PROPERTIES LIMITED (REGISTERED NUMBER: 03578418)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 8 February 2024 and were signed by:





C P Dyhouse - Director


PARKWALK PROPERTIES LIMITED (REGISTERED NUMBER: 03578418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Parkwalk Properties 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.
Fixtures and fittings - 25% 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 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 NIL (2022 - NIL).

PARKWALK PROPERTIES LIMITED (REGISTERED NUMBER: 03578418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 1,000
DEPRECIATION
At 1 August 2022
and 31 July 2023 1,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,125,000
Revaluations (8,000 )
At 31 July 2023 1,117,000
NET BOOK VALUE
At 31 July 2023 1,117,000
At 31 July 2022 1,125,000

Included in fair value of investment property is freehold land of £ 1,125,000 (2022 - £ 1,125,000 ) which is not depreciated.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2021 930,000
Valuation in 2022 195,000
Valuation in 2023 (8,000 )
1,117,000

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

2023 2022
as restated
£    £   
Cost 319,944 319,944

PARKWALK PROPERTIES LIMITED (REGISTERED NUMBER: 03578418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 150 520
Other debtors 285 171
435 691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Taxation and social security 4,935 3,686
Other creditors 7,380 6,292
12,315 9,978

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Other creditors 60,000 65,000