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REGISTERED NUMBER: 09592785 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

PARKWISE ESTATES LIMITED

PARKWISE ESTATES LIMITED (REGISTERED NUMBER: 09592785)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARKWISE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: E Weiser





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 09592785 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PARKWISE ESTATES LIMITED (REGISTERED NUMBER: 09592785)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 505 594

CURRENT ASSETS
Stocks 439,122 439,122
Debtors 6 29,925 32,925
Cash at bank 6,327 5,402
475,374 477,449
CREDITORS
Amounts falling due within one year 7 (3,162 ) (2,382 )
NET CURRENT ASSETS 472,212 475,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,717

475,661

CREDITORS
Amounts falling due after more than one
year

8

(460,330

)

(465,875

)
NET ASSETS 12,387 9,786

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 12,386 9,785
SHAREHOLDERS' FUNDS 12,387 9,786

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

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

PARKWISE ESTATES LIMITED (REGISTERED NUMBER: 09592785)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 and authorised for issue by the director and authorised for issue on 7 March 2024 and were signed by:





E Weiser - Director


PARKWISE ESTATES LIMITED (REGISTERED NUMBER: 09592785)

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

1. STATUTORY INFORMATION

Parkwise 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2022
and 31 May 2023 1,139
DEPRECIATION
At 1 June 2022 545
Charge for year 89
At 31 May 2023 634
NET BOOK VALUE
At 31 May 2023 505
At 31 May 2022 594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 29,925 32,925

PARKWISE ESTATES LIMITED (REGISTERED NUMBER: 09592785)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 453 453
Other creditors 2,709 1,929
3,162 2,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 460,330 465,875

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 420,402 420,402

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 460,330 465,875

Bank loan is secured by first charge over the investment property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1 ORDINARY 1 1 1

11. RESERVES
Retained
earnings
£   

At 1 June 2022 9,785
Profit for the year 2,601
At 31 May 2023 12,386

12. ULTIMATE CONTROLLING PARTY

The controlling party is E Weiser.