Registered number
12260622
PARK GROVE LIMITED
Filleted Accounts
31 December 2023
PARK GROVE LIMITED
Registered number: 12260622
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,935 25,935
Current assets
Debtors 4 11,070 4,686
Cash at bank and in hand 2,680 4,990
13,750 9,676
Creditors: amounts falling due within one year 5 (38,182) (34,737)
Net current liabilities (24,432) (25,061)
Net assets 1,503 874
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,501 872
Shareholders' funds 1,503 874
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Satnam Singh
Director
Approved by the board on 5 August 2024
PARK GROVE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
PARK GROVE LIMITED 12260622 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Satnam Singh No description of principal activity 12260622 2022-01-01 2022-12-31 12260622 core:WithinOneYear 2022-12-31 12260622 core:ShareCapital 2022-12-31 12260622 core:RetainedEarningsAccumulatedLosses 2022-12-31 12260622 2023-01-01 2023-12-31 12260622 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12260622 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12260622 bus:Director40 2023-01-01 2023-12-31 12260622 1 2023-01-01 2023-12-31 12260622 2 2023-01-01 2023-12-31 12260622 bus:FRS102 2023-01-01 2023-12-31 12260622 bus:FilletedAccounts 2023-01-01 2023-12-31 12260622 2023-12-31 12260622 core:WithinOneYear 2023-12-31 12260622 core:ShareCapital 2023-12-31 12260622 core:RetainedEarningsAccumulatedLosses 2023-12-31 12260622 2022-12-31 iso4217:GBP xbrli:pure