OC316772falsethat of the provision of specialist oral and general healthcare surgery facilities2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/cd:Director22022-11-012023-10-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:Director32022-11-012023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-10-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC316772

Parkway Gould LLP

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

Parkway Gould LLP

CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-

Parkway Gould LLP

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DESIGNATED MEMBERS
William Joe-Yau Kwan
Philip Majoe
Stephen Gould
REGISTERED OFFICE
Lamberts Road
SA1 Waterfront
Swansea
SA1 8EL
COMPANY NUMBER
OC316772
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

Parkway Gould LLP

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets22,819,0852,912,061
CURRENT ASSETS
Debtors36,22086,298
Cash at bank and in hand96,425106,677
102,645192,975
CREDITORS: Amounts falling due within one year363,580453,982
NET CURRENT LIABILITIES(260,935)(261,007)
TOTAL ASSETS LESS CURRENT LIABILITIES2,558,1502,651,054
CREDITORS: Amounts falling due after more than oneyear51,064,9631,314,946
NET ASSETS ATTRIBUTABLE TO MEMBERS1,493,1871,336,108
LOANS AND OTHER DEBTS DUE TO MEMBERS1,493,1871,336,108
MEMBERS ' OTHER INTERESTS
1,493,1871,336,108
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members1,493,1871,336,108
1,493,1871,336,108
For the year ending 31/10/2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 24/07/2024 and signed on their behalf by
.............................
William Joe-Yau Kwan
Designated Member

Parkway Gould LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard 102 Section 1a.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 2%
Plant and Machineryreducing balance 15%
2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/11/20223,937,012924,8894,861,901
At 31/10/20233,937,012924,8894,861,901
Depreciation
At 01/11/20221,120,176829,6641,949,840
For the year78,69114,28592,976
At 31/10/20231,198,867843,9492,042,816
Net Book Amounts
At 31/10/20232,738,14580,9402,819,085
At 31/10/20222,816,83695,2252,912,061
The aggregate amount of finance costs capitalised and included in the production cost of assets is £161,661 (October 2022 - £161,661)

Parkway Gould LLP

3. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors-73,143
VAT6,22013,155
6,22086,298
4. EMPLOYEES
20232022
No.No.
Average number of employees--
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts1,064,9631,314,946
1,064,9631,314,946
Other creditors include the fair value of the interest rate swap as at 31 October 2023. The liability is £13,587.85 (October 2022 - £42,067.60). Previously, the liability had been disclosed as a note in the accounts. FRS 102 1A requires the liability to be included as a balance sheet item. A loan for £30,566 was entered into in July 2019, repayments will be at £626.27 for 60 months. A loan for £270,000 was entered into in January 2022, repayments will be at £2,878.67 for 120 months.
6. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured1,140,0871,334,746

Parkway Gould LLP

7. RELATED PARTY TRANSACTIONS
Included in turnover is rental income of £244,670 (October 2022 - £244,670) and £122,330 (October - 2022 £122,330) received from Parkway Clinic and Neat-Teeth Orthodontics respectively, companies under common ownership.
8. FINANCIAL INSTRUMENTS
An interest rate swap was entered into on 1st January 2008 with Royal Bank of Scotland. The swap expires on 1 January 2029. The purpose of the instrument is to manage the interest rate exposure on a loan of £3,750,000 which had a floating rate of 1.25% above the banks base rate.
The instrument fixed the exposure at 5.04% for the period of 20 years.
The fair value of the interest rate swap at as at 31 October 2023 was a liability of £13,587.85 (October 2022 - £42,067.60)