IRIS Accounts Productionv24.1.9.208183674director1.1.2331.12.2331.12.23falsetruefalsefalsetruefalseFair value modelOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081836742022-12-31081836742023-12-31081836742023-01-012023-12-31081836742021-12-31081836742022-01-012022-12-31081836742022-12-3108183674ns15:EnglandWales2023-01-012023-12-3108183674ns14:PoundSterling2023-01-012023-12-3108183674ns10:Director12023-01-012023-12-3108183674ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108183674ns10:SmallEntities2023-01-012023-12-3108183674ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3108183674ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108183674ns10:FullAccounts2023-01-012023-12-3108183674ns10:OrdinaryShareClass12023-01-012023-12-3108183674ns10:CompanySecretary12023-01-012023-12-3108183674ns10:RegisteredOffice2023-01-012023-12-3108183674ns5:CurrentFinancialInstruments2023-12-3108183674ns5:CurrentFinancialInstruments2022-12-3108183674ns5:ShareCapital2023-12-3108183674ns5:ShareCapital2022-12-3108183674ns5:RevaluationReserve2023-12-3108183674ns5:RevaluationReserve2022-12-3108183674ns5:RetainedEarningsAccumulatedLosses2023-12-3108183674ns5:RetainedEarningsAccumulatedLosses2022-12-3108183674ns5:PlantMachinery2023-01-012023-12-3108183674ns5:PlantMachinery2022-12-3108183674ns5:PlantMachinery2023-12-3108183674ns5:PlantMachinery2022-12-3108183674ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3108183674ns5:AcceleratedTaxDepreciationDeferredTax2022-12-3108183674ns5:DeferredTaxation2022-12-3108183674ns5:DeferredTaxation2023-01-012023-12-3108183674ns5:DeferredTaxation2023-12-3108183674ns10:OrdinaryShareClass12023-12-3108183674ns5:RetainedEarningsAccumulatedLosses2022-12-3108183674ns5:RevaluationReserve2022-12-3108183674ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31

REGISTERED NUMBER: 08183674 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023


for



Parkwood Consultancy Investments Limited


Parkwood Consultancy Investments Limited (Registered number: 08183674)







Contents of the Financial Statements

for the Year Ended 31 December 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4




Statement of Director's Responsibilities  

7




Independent Chartered Accountants' Review

Report  

8




Parkwood Consultancy Investments Limited


Company Information

for the Year Ended 31 December 2023









DIRECTOR:

P W Humphrey







SECRETARY:

Ms J Cooney







REGISTERED OFFICE:

3 Enterprise House


8 Essex Road


Dartford


Kent


DA1 2AU







REGISTERED NUMBER:

08183674 (England and Wales)







ACCOUNTANTS:

SADLER FOGARTY SERVICES LTD


T/AS Sadler Davies & Co


Chartered Accountants


3 Enterprise House


8 Essex Road


Dartford


Kent


DA1 2AU


Parkwood Consultancy Investments Limited (Registered number: 08183674)


Balance Sheet

31 December 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

224


280



Investment property

5

245,000


245,000



245,224


245,280




CURRENT ASSETS

Cash at bank

35,100


60,491




CREDITORS

Amounts falling due within one year

6

21,489


29,892



NET CURRENT ASSETS

13,611


30,599



TOTAL ASSETS LESS CURRENT

LIABILITIES

258,835


275,879




PROVISIONS FOR LIABILITIES

7

15,302


15,312



NET ASSETS

243,533


260,567




CAPITAL AND RESERVES

Called up share capital

8

1


1



Revaluation reserve

9

80,313


80,313



Retained earnings

9

163,219


180,253



SHAREHOLDERS' FUNDS

243,533


260,567




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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.


Parkwood Consultancy Investments Limited (Registered number: 08183674)


Balance Sheet - continued

31 December 2023



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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:






P W Humphrey - Director



Parkwood Consultancy Investments Limited (Registered number: 08183674)


Notes to the Financial Statements

for the Year Ended 31 December 2023


1.

STATUTORY INFORMATION



Parkwood Consultancy Investments 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 represents the amount of rents receivable



Tangible fixed assets


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


Plant and machinery etc

-

20% on reducing balance



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 Statement of Income and Retained Earnings, 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.

Parkwood Consultancy Investments Limited (Registered number: 08183674)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 January 2023


and 31 December 2023

943




DEPRECIATION


At 1 January 2023

663




Charge for year

56




At 31 December 2023

719




NET BOOK VALUE


At 31 December 2023

224




At 31 December 2022

280




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 January 2023


and 31 December 2023

245,000




NET BOOK VALUE


At 31 December 2023

245,000




At 31 December 2022

245,000





Fair value at 31 December 2023 is represented by:

£   



Valuation in 2017

65,313




Valuation in 2018

15,000




Cost

164,687



245,000




Parkwood Consultancy Investments Limited (Registered number: 08183674)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Bank loans and overdrafts

-


23




Taxation and social security

-


22,019




Other creditors

21,489


7,850



21,489


29,892




7.

PROVISIONS FOR LIABILITIES


31.12.23


31.12.22

£   

£   



Deferred tax


Accelerated capital allowances

43


53




Freehold revaluation

15,259


15,259



15,302


15,312





Deferred



tax


£   



Balance at 1 January 2023

15,312




Credit to Statement of Income and Retained Earnings during year

(10

)



Balance at 31 December 2023

15,302




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23


31.12.22


value:

£   

£   



1

Ordinary

£1

1


1




9.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 January 2023

180,253


80,313


260,566




Deficit for the year

(976

)

(976

)



Dividends

(16,058

)

(16,058

)



At 31 December 2023

163,219


80,313


243,532




Parkwood Consultancy Investments Limited (Registered number: 08183674)


Statement of Director's Responsibilities

for the Year Ended 31 December 2023



The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.    


The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.


Company law requires the director to prepare financial statements for each financial year.  Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.  In preparing these financial statements, the director is required to:


-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.








P W Humphrey - Director


29 August 2024


Independent Chartered Accountants' Review Report to the Director of

Parkwood Consultancy Investments Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.    


We have reviewed the financial statements of Parkwood Consultancy Investments Limited for the year ended 31 December 2023, which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).    


Director's responsibility for the financial statements

As explained more fully in the Statement of Director's Responsibilities set out on page ten, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.


Accountants' responsibility

Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.


Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:


-

so as to give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its loss for the year then ended;

-

in accordance with  United Kingdom Generally Accepted Accounting Practice; and

-

in accordance with the requirements of the Companies Act 2006.


Use of our report

This report is made solely to the company's director in accordance with the terms of our engagement letter dated 25 April 2016. Our review has been undertaken so that we might state to the director those matters that we have agreed with him in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director for our work, for this report, or for the conclusions we have formed.    




Independent Chartered Accountants' Review Report to the Director of

Parkwood Consultancy Investments Limited




SADLER FOGARTY SERVICES LTD

T/AS Sadler Davies & Co

Chartered Accountants

3 Enterprise House

8 Essex Road

Dartford

Kent

DA1 2AU



29 August 2024