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REGISTERED NUMBER: 02758656 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Park Estates Property Services Limited

Park Estates Property Services Limited (Registered number: 02758656)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Estates Property Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P S Young





SECRETARY: Mrs K Young





REGISTERED OFFICE: 62 High Street
Bexley
Kent
DA5 1AH





REGISTERED NUMBER: 02758656 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Park Estates Property Services Limited (Registered number: 02758656)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 35,177 28,640
Investments 5 - -
35,177 28,640

CURRENT ASSETS
Debtors 6 17,337 22,265
Cash at bank and in hand 252,916 364,808
270,253 387,073
CREDITORS
Amounts falling due within one year 7 (56,494 ) (107,450 )
NET CURRENT ASSETS 213,759 279,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,936

308,263

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 248,933 308,260
SHAREHOLDERS' FUNDS 248,936 308,263

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

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

Park Estates Property Services Limited (Registered number: 02758656)

Balance Sheet - continued
31 December 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 2 August 2024 and were signed by:





P S Young - Director


Park Estates Property Services Limited (Registered number: 02758656)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Park Estates Property Services 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

Park Estates Property Services Limited (Registered number: 02758656)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 130,082
Additions 13,013
At 31 December 2023 143,095
DEPRECIATION
At 1 January 2023 101,442
Charge for year 6,476
At 31 December 2023 107,918
NET BOOK VALUE
At 31 December 2023 35,177
At 31 December 2022 28,640

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 1,000
Disposals (1,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,337 22,265

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 10,281 6,954
Taxation and social security 42,034 95,798
Other creditors 4,179 4,698
56,494 107,450