BrightAccountsProduction v1.0.0 v1.0.0 2022-11-01 The company was not dormant during the period The company was trading for the entire period Funds Management Activities and Financial Management is the principal activity of the business 31 July 2024 1 1 NI673726 2023-10-31 NI673726 2022-10-31 NI673726 2021-10-31 NI673726 2022-11-01 2023-10-31 NI673726 2021-11-01 2022-10-31 NI673726 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI673726 uk-curr:PoundSterling 2022-11-01 2023-10-31 NI673726 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI673726 uk-bus:FullAccounts 2022-11-01 2023-10-31 NI673726 uk-bus:Director1 2022-11-01 2023-10-31 NI673726 uk-bus:RegisteredOffice 2022-11-01 2023-10-31 NI673726 uk-bus:Agent1 2022-11-01 2023-10-31 NI673726 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI673726 uk-core:ShareCapital 2023-10-31 NI673726 uk-core:ShareCapital 2022-10-31 NI673726 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI673726 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI673726 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI673726 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI673726 uk-bus:FRS102 2022-11-01 2023-10-31 NI673726 uk-core:CurrentFinancialInstruments 2023-10-31 NI673726 uk-core:CurrentFinancialInstruments 2022-10-31 NI673726 uk-core:WithinOneYear 2023-10-31 NI673726 uk-core:WithinOneYear 2022-10-31 NI673726 uk-core:EmployeeBenefits 2022-10-31 NI673726 uk-core:EmployeeBenefits 2022-11-01 2023-10-31 NI673726 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-10-31 NI673726 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-10-31 NI673726 uk-core:OtherDeferredTax 2023-10-31 NI673726 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-10-31 NI673726 uk-core:EmployeeBenefits 2023-10-31 NI673726 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI673726
 
 
Parkgate 632 Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 October 2023



Parkgate 632 Limited
DIRECTOR AND OTHER INFORMATION

 
Director Roger Clements
 
 
Company Registration Number NI673726
 
 
Registered Office 56 Connor Road
Parkgate
Ballyclare
BT39 0EA
 
 
Business Address 56 Connor Road
Parkgate
BT390EA
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
 
Bankers Barclays Bank
  Barclays Leicester
  Leicester
  LE87 2BB
  United Kingdom



Parkgate 632 Limited

CHARTERED ACCOUNTANTS' REPORT
to the Director on the Compilation of the unaudited financial statements of Parkgate 632 Limited
for the financial year ended 31 October 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 October 2023 as set out on pages  to 10 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Parkgate 632 Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 October 2023 your duty to ensure that Parkgate 632 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Parkgate 632 Limited. You consider that Parkgate 632 Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Parkgate 632 Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
31 July 2024



Parkgate 632 Limited
Company Registration Number: NI673726
STATEMENT OF FINANCIAL POSITION
as at 31 October 2023

2023 2022
Notes £ £
 
Current Assets
Receivables 5 10,575 8,393
Investments 6 520,684 540,320
Cash and cash equivalents 85 459
───────── ─────────
531,344 549,172
───────── ─────────
Payables: amounts falling due within one year 7 (604,841) (603,391)
───────── ─────────
Net Current Liabilities (73,497) (54,219)
───────── ─────────
Total Assets less Current Liabilities (73,497) (54,219)
 
Provisions for liabilities 8 7,633 14,124
───────── ─────────
Net Liabilities (65,864) (40,095)
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings (65,865) (40,096)
───────── ─────────
Equity attributable to owners of the company (65,864) (40,095)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 31 July 2024
           
           
________________________________          
Roger Clements          
Director          
           



Parkgate 632 Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 October 2023

   
1. General Information
 
Parkgate 632 Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI673726. The registered office of the company is 56 Connor Road, Parkgate, Ballyclare, BT39 0EA. Funds Management Activities and Financial Management is the principal activity of the business. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Financial assets
Current asset investments are re-stated at their current market value.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The comparative figures relate to the 12 month period ended 31 October 2022.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 1 ( 2021- 1)
 
  2023 2022
  Number Number
 
Director 1 1
  ═════════ ═════════
       
5. Receivables 2023 2022
  £ £
 
Other debtors 10,575 8,393
  ═════════ ═════════
       
6. Investments 2023 2022
  £ £
 
Listed investments 520,684 540,320
  ═════════ ═════════
       
7. Payables 2023 2022
Amounts falling due within one year £ £
 
Amounts owed to connected parties (Note 10) 601,291 601,291
Director's current account 2,500 1,050
Accruals 1,050 1,050
  ───────── ─────────
  604,841 603,391
  ═════════ ═════════
           
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Losses Other Total Total
    differences    
         
      2023 2022
  £ £ £ £
 
At financial year start (2,139) (11,985) (14,124) 3,650
Charged to profit and loss (1,280) 7,771 6,491 (17,774)
  ───────── ───────── ───────── ─────────
At financial year end (3,419) (4,214) (7,633) (14,124)
  ═════════ ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
           
10. Related party transactions
 
The following amounts are due to other connected parties:
      2023 2022
      £ £
 
632 Consultancy Limited     601,291 601,291
      ═════════ ═════════
 
Roger Clements is a director of Parkgate 632 Limited and 632 Consultancy Limited.

As at 31st October 2022, Parkgate 632 Limited owed 632 Consultancy Limited £601,291. During the financial year, Parkgate 632 Limited made payments to 632 Consultancy Limited amounting to £nil. As at 31st October 2023, Parkgate 632 Limited owed 632 Consultancy Limited £601,291
   
11. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.