IRIS Accounts Productionv24.1.0.57804662372Board of Directors1.6.2331.5.2431.5.24truefalsetruefalsefalsetruefalseFair value modelOrdinary A1.00000Ordinary B1.00000Ordinary C1.00000Ordinary D1.00000Ordinary E1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046623722023-05-31046623722024-05-31046623722023-06-012024-05-31046623722022-05-31046623722022-06-012023-05-31046623722023-05-3104662372ns15:EnglandWales2023-06-012024-05-3104662372ns14:PoundSterling2023-06-012024-05-3104662372ns10:Director12023-06-012024-05-3104662372ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104662372ns10:SmallEntities2023-06-012024-05-3104662372ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104662372ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104662372ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104662372ns10:FullAccounts2023-06-012024-05-3104662372ns10:OrdinaryShareClass12023-06-012024-05-3104662372ns10:OrdinaryShareClass22023-06-012024-05-3104662372ns10:OrdinaryShareClass32023-06-012024-05-3104662372ns10:OrdinaryShareClass42023-06-012024-05-3104662372ns10:OrdinaryShareClass52023-06-012024-05-3104662372ns10:Director32023-06-012024-05-3104662372ns10:Director42023-06-012024-05-3104662372ns10:CompanySecretary12023-06-012024-05-3104662372ns10:RegisteredOffice2023-06-012024-05-3104662372ns5:CurrentFinancialInstruments2024-05-3104662372ns5:CurrentFinancialInstruments2023-05-3104662372ns5:ShareCapital2024-05-3104662372ns5:ShareCapital2023-05-3104662372ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3104662372ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3104662372ns5:RetainedEarningsAccumulatedLosses2024-05-3104662372ns5:RetainedEarningsAccumulatedLosses2023-05-3104662372ns5:ComputerEquipment2023-06-012024-05-3104662372ns5:ComputerEquipment2023-05-3104662372ns5:ComputerEquipment2024-05-3104662372ns5:ComputerEquipment2023-05-3104662372ns5:CostValuation2023-05-3104662372ns10:OrdinaryShareClass12024-05-3104662372ns10:OrdinaryShareClass22024-05-3104662372ns10:OrdinaryShareClass32024-05-3104662372ns10:OrdinaryShareClass42024-05-3104662372ns10:OrdinaryShareClass52024-05-3104662372ns5:RetainedEarningsAccumulatedLosses2023-05-3104662372ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3104662372ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31

REGISTERED NUMBER: 04662372 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR


PARKTON GROVE LIMITED


PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




PARKTON GROVE LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MAY 2024









DIRECTORS:

J A Norcliffe


Mrs J Dunn


Mrs M N E Norcliffe







SECRETARY:

Mrs M N E Norcliffe







REGISTERED OFFICE:

Dean Brook Cottage


Dean Brook Road


Armitage Bridge


Huddersfield


West Yorkshire


HD4 7PB







REGISTERED NUMBER:

04662372 (England and Wales)







ACCOUNTANTS:

Cresswells


12 Market Street


Hebden Bridge


West Yorkshire


HX7 6AD


PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)


BALANCE SHEET

31ST MAY 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

319


718



Investments

5

13


13



Investment property

6

747,500


747,500



747,832


748,231




CURRENT ASSETS

Debtors

7

1,057


1,054



Cash at bank

8,562


7,857



9,619


8,911



CREDITORS

Amounts falling due within one year

8

18,689


51,111



NET CURRENT LIABILITIES

(9,070

)

(42,200

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

738,762


706,031




PROVISIONS FOR LIABILITIES

41,268


41,368



NET ASSETS

697,494


664,663




CAPITAL AND RESERVES

Called up share capital

9

100


100



Fair value reserve

10

319,101


319,101



Retained earnings

10

378,293


345,462



SHAREHOLDERS' FUNDS

697,494


664,663




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26th August 2024 and were signed on its behalf by:




J A Norcliffe - Director



PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024


1.

STATUTORY INFORMATION



Parkton Grove 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 as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Computer equipment

-

50% on cost



Investments in subsidiaries


Investments in subsidiary undertakings are recognised at cost.



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 4 (2023 - 4 ) .


PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2024


4.

TANGIBLE FIXED ASSETS


Computer


equipment

£   



COST


At 1st June 2023


and 31st May 2024

2,687




DEPRECIATION


At 1st June 2023

1,969




Charge for year

399




At 31st May 2024

2,368




NET BOOK VALUE


At 31st May 2024

319




At 31st May 2023

718




5.

FIXED ASSET INVESTMENTS


Shares in


group


undertaking

£   



COST


At 1st June 2023


and 31st May 2024

13




NET BOOK VALUE


At 31st May 2024

13




At 31st May 2023

13




6.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1st June 2023


and 31st May 2024

747,500




NET BOOK VALUE


At 31st May 2024

747,500




At 31st May 2023

747,500





Fair value at 31st May 2024 is represented by:

£   



Valuation in 2013

138,914




Valuation in 2014

123,875




Valuation in 2016

97,500




Cost

387,211



747,500




PARKTON GROVE LIMITED (REGISTERED NUMBER: 04662372)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2024


6.

INVESTMENT PROPERTY - continued



If investment property had not been revalued it would have been included at the following historical cost:


2024

2023


£   

£   



Cost

387,211


387,211




Aggregate depreciation

(156,915

)

(149,270

)




Investment property was valued on open market basis basis on 31st May 2024 by the directors .


7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Other debtors

1,057


1,054




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Tax

8,475


7,986




Directors' current accounts

5,353


38,353




Accrued expenses

4,861


4,772



18,689


51,111




9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



49

Ordinary A

£1

49


49




24

Ordinary B

£1

24


24




24

Ordinary C

£1

24


24




1

Ordinary D

£1

1


1




1

Ordinary E

£1

1


1




1

Ordinary F

£1

1


1



100


100




10.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1st June 2023

345,462


319,101


664,563




Profit for the year

35,831


35,831




Dividends

(3,000

)

(3,000

)



At 31st May 2024

378,293


319,101


697,394




11.

RELATED PARTY DISCLOSURES



At the balance sheet date the company was owed £1,057 (2023 £1,054) by its subsidiary company.