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Registration number: 13091532

Park Insurance Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

Park Insurance Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Park Insurance Services Limited

Company Information

Directors

M S Loud

S Loud

Registered office

323 Church Road
St George
Bristol
BS5 8AA

Registered number

13091532

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Park Insurance Services Limited

(Registration number: 13091532)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

192

129

Creditors: Amounts falling due within one year

4

(1,253)

(150)

Net liabilities

 

(1,061)

(21)

Capital and reserves

 

Called up share capital

5

100

100

Profit and loss account

(1,161)

(121)

Total equity

 

(1,061)

(21)

 

Park Insurance Services Limited

(Registration number: 13091532)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................

M S Loud
Director

 

Park Insurance Services Limited

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

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
323 Church Road
St George
Bristol
BS5 8AA

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. On 31 March 2024 the business of Park Insurance Services Partnership was transferred to Park Insurance Services Limited. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for at least twelve months following approval of these financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Park Insurance Services Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors, who did not receive remuneration) during the year, was 2 (2022 - 2).

4

Creditors

2023
£

2022
£

Amounts falling due within one year

Accruals

800

-

Directors' loan accounts

453

150

1,253

150

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Park Insurance Services Limited

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

6

Non adjusting events after the financial period

On 31 March 2024 the business of Park Insurance Services Partnership was transferred to Park Insurance Services Limited.