1 July 2023 false No description of principal activity Taxfiler 2024.5 8579042business:PrivateLimitedCompanyLtd2023-07-012024-06-30 85790422023-06-30 85790422023-07-012024-06-30 8579042business:AuditExemptWithAccountantsReport2023-07-012024-06-30 8579042business:FilletedAccounts2023-07-012024-06-30 85790422024-06-30 8579042business:Director12023-07-012024-06-30 8579042business:Director22023-07-012024-06-30 8579042business:RegisteredOffice2023-07-012024-06-30 85790422023-06-30 8579042core:WithinOneYear2024-06-30 8579042core:WithinOneYear2023-06-30 8579042core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 8579042core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 8579042core:RevaluationReservecore:PreviouslyStatedAmount2024-06-30 8579042core:RevaluationReservecore:PreviouslyStatedAmount2023-06-30 8579042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 8579042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 8579042core:PreviouslyStatedAmount2024-06-30 8579042core:PreviouslyStatedAmount2023-06-30 8579042business:SmallEntities2023-07-012024-06-30 8579042countries:EnglandWales2023-07-012024-06-30 8579042core:LandBuildings2023-06-30 8579042core:LandBuildings2024-06-30 85790422022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 8579042 (England and Wales)
PARK AVENUE RESIDENTS MANAGEMENT LIMITED Unaudited accounts for the year ended 30 June 2024
PARK AVENUE RESIDENTS MANAGEMENT LIMITED Unaudited accounts Contents
Page
- 2 -
PARK AVENUE RESIDENTS MANAGEMENT LIMITED Company Information for the year ended 30 June 2024
Directors
William MILLER Sabbir Ahmed KOHYA
Company Number
8579042 (England and Wales)
Registered Office
63 PARK AVENUE ILFORD ESSEX IG1 4RS
Accountants
S&Y Accountants Ltd 15H Hannards Way ILFORD Essex IG6 3TB
- 3 -
PARK AVENUE RESIDENTS MANAGEMENT LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,230 
13,230 
Current assets
Cash at bank and in hand
3,092 
2,911 
Creditors: amounts falling due within one year
(495)
(480)
Net current assets
2,597 
2,431 
Net assets
15,827 
15,661 
Capital and reserves
Called up share capital
13 
13 
Revaluation reserve
27,825 
27,825 
Profit and loss account
(12,011)
(12,177)
Shareholders' funds
15,827 
15,661 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by
William MILLER Director Company Registration No. 8579042
- 4 -
PARK AVENUE RESIDENTS MANAGEMENT LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
PARK AVENUE RESIDENTS MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8579042. The registered office is 63 PARK AVENUE, ILFORD, ESSEX, IG1 4RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets
Tangible fixed asset is the Freehold interest of flats registered in Land Registry, Title Number EGL75992. Proprietor is Park Avenue Residents Management Limited. Valuation was obtained from an independent firm of chartered surveyors on 10 March 2017, which was included in the above Balance Sheet.Tangible fixed assets are to be accounted for at fair value under Section 16 Investment Property.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 July 2023
13,230 
At 30 June 2024
13,230 
Depreciation
At 30 June 2024
- 
Net book value
At 30 June 2024
13,230 
At 30 June 2023
13,230 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
495 
480 
6
Loans to directors
Director loan account is offset against Tangible Assets Tangible assets (£27825 less £14595) = £13,230 Director loan account (£14595 less £14595) = £0
- 5 -
PARK AVENUE RESIDENTS MANAGEMENT LIMITED Notes to the Accounts for the year ended 30 June 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -