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REGISTERED NUMBER: 07683009 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PARK GLOBAL PRODUCTIONS LTD

PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


PARK GLOBAL PRODUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J T Park
Mrs C Park





REGISTERED OFFICE: 44 Drew House Wharf Street
London
SE8 3GG





REGISTERED NUMBER: 07683009 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough Hosue
298 Regents Park Road
London
N3 2SZ

PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property letting and management.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mr J T Park
Mrs C Park

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J T Park - Director


16 September 2024

PARK GLOBAL PRODUCTIONS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PARK GLOBAL PRODUCTIONS LTD


In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this 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 directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough Hosue
298 Regents Park Road
London
N3 2SZ


16 September 2024

PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 35,610 28,657

Cost of sales 28,035 12,825
GROSS PROFIT 7,575 15,832

Administrative expenses 15,774 15,117
OPERATING (LOSS)/PROFIT 4 (8,199 ) 715

Interest receivable and similar income 734 -
(7,465 ) 715

Interest payable and similar expenses 7 -
(LOSS)/PROFIT BEFORE TAXATION (7,472 ) 715

Tax on (loss)/profit - (351 )
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(7,472

)

1,066

PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,161 1,899

CURRENT ASSETS
Cash at bank 2,039 112,227

CREDITORS
Amounts falling due within one year 6 535 101,989
NET CURRENT ASSETS 1,504 10,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,665

12,137

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 2,565 12,037
SHAREHOLDERS' FUNDS 2,665 12,137

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr J T Park - Director


PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Park Global Productions Ltd 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 738 315

PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 2,214
DEPRECIATION
At 1 January 2023 315
Charge for year 738
At 31 December 2023 1,053
NET BOOK VALUE
At 31 December 2023 1,161
At 31 December 2022 1,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 24
Tax liability (2,398 ) (351 )
Director's current account 1,292 98,752
Accruals and deferred income 1,641 3,564
535 101,989

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary Shares 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 12,037
Deficit for the year (7,472 )
Dividends (2,000 )
At 31 December 2023 2,565

PARK GLOBAL PRODUCTIONS LTD (REGISTERED NUMBER: 07683009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £1,292 (2022: £98,752) owed to the directors. This loan is interest free, of no fixed term and repayable on demand.

Dividends of £2,000 were paid to a directors.

The controlling parties are the directors by the virtue of their shareholdings.

10. TAXATION

The company has no taxes to pay for the year ended 31.12.2023. It is carrying forward the losses of £6,733 to offset against future profits.