Company Registration No. 12850441 (England and Wales)
Park Lane Financial Ltd
Unaudited accounts
for the year ended 30 September 2023
Park Lane Financial Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
28,966
12,171
Cash at bank and in hand
6,962
22,754
Creditors: amounts falling due within one year
(95,927)
(74,657)
Net current liabilities
(88,965)
(51,903)
Total assets less current liabilities
(59,999)
(39,732)
Creditors: amounts falling due after more than one year
(22,084)
-
Net liabilities
(82,083)
(39,732)
Called up share capital
100
100
Profit and loss account
(82,183)
(39,832)
Shareholders' funds
(82,083)
(39,732)
For the year ending 30 September 2023 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 director acknowledges her 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 and authorised for issue on 5 September 2024 and were signed on its behalf by
Mrs Amitaben Phul
Director
Company Registration No. 12850441
Park Lane Financial Ltd
Notes to the Accounts
for the year ended 30 September 2023
Park Lane Financial Ltd is a private company, limited by shares, registered in England and Wales, registration number 12850441. The registered office is 26 FRIERN BARNET ROAD, LONDON, N11 1NA, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
3,069
11,530
1,629
16,228
Additions
229
25,940
-
26,169
At 30 September 2023
3,298
37,470
1,629
42,397
At 1 October 2022
767
2,883
407
4,057
Charge for the year
633
8,436
305
9,374
At 30 September 2023
1,400
11,319
712
13,431
At 30 September 2023
1,898
26,151
917
28,966
At 30 September 2022
2,302
8,647
1,222
12,171
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
5,687
4,937
Loans from directors
90,240
69,720
Park Lane Financial Ltd
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).