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COMPANY REGISTRATION NUMBER: 11460200
Park and Charge Limited
Unaudited Financial Statements
31 July 2023
Park and Charge Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Park and Charge Limited
Director's Report
Year ended 31 July 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 July 2023 .
Director
The director who served the company during the year was as follows:
Mr G Manchester
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 13 March 2024 and signed on behalf of the board by:
Mr G Manchester
Director
Registered office:
Kingfisher House
Hurstwood Grange
Hurstwood Lane
Haywards Heath
West Sussex
RH17 7QX
Park and Charge Limited
Statement of Income and Retained Earnings
Year ended 31 July 2023
2023
2022
Note
£
£
Administrative expenses
188
188
----
----
Operating loss
( 188)
( 188)
----
----
Loss before taxation
( 188)
( 188)
Tax on loss
----
----
Loss for the financial year and total comprehensive income
( 188)
( 188)
----
----
Retained losses at the start of the year
( 3,111)
( 2,923)
-------
-------
Retained losses at the end of the year
( 3,299)
( 3,111)
-------
-------
All the activities of the company are from continuing operations.
Park and Charge Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Debtors
4
34
17
Cash at bank and in hand
8
8
----
----
42
25
Creditors: amounts falling due within one year
5
961
836
----
----
Net current liabilities
919
811
----
----
Total assets less current liabilities
( 919)
( 811)
Creditors: amounts falling due after more than one year
6
1,880
1,800
-------
-------
Net liabilities
( 2,799)
( 2,611)
-------
-------
Capital and reserves
Called up share capital
500
500
Profit and loss account
( 3,299)
( 3,111)
-------
-------
Shareholders deficit
( 2,799)
( 2,611)
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
Mr G Manchester
Director
Company registration number: 11460200
Park and Charge Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, RH17 7QX, West Sussex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2023
2022
£
£
Other debtors
34
17
----
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
593
478
Other creditors
368
358
----
----
961
836
----
----
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,880
1,800
-------
-------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
Mr G Manchester
368
358
----
----
8. Related party transactions
The company mentioned in Note 6 is AMV Worldwide Limited. Graham Manchester is the sole director and shareholder of AMV Worldwide Limited.