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REGISTERED NUMBER: 02139536 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PARK PROPERTIES (ANGLIA) LIMITED

PARK PROPERTIES (ANGLIA) LIMITED (REGISTERED NUMBER: 02139536)

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


PARK PROPERTIES (ANGLIA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C D Wakefield
N R Wakefield
Mrs H R Martin
Dr R A Wakefield
Miss R F Wakefield





SECRETARY: Mrs H R Martin





REGISTERED OFFICE: 11 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL





REGISTERED NUMBER: 02139536 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

PARK PROPERTIES (ANGLIA) LIMITED (REGISTERED NUMBER: 02139536)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,186 182,341
Investment property 5 1,500,000 1,500,000
1,679,186 1,682,341

CURRENT ASSETS
Stocks 1,999,454 595,235
Debtors 6 1,013,328 2,706,055
Cash at bank and in hand 109,132 789,281
3,121,914 4,090,571
CREDITORS
Amounts falling due within one year 7 425,274 224,072
NET CURRENT ASSETS 2,696,640 3,866,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,375,826

5,548,840

CREDITORS
Amounts falling due after more than one
year

8

-

(168,973

)

PROVISIONS FOR LIABILITIES (145,013 ) (145,801 )
NET ASSETS 4,230,813 5,234,066

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 11 740,204 740,204
Retained earnings 3,490,509 4,493,762
SHAREHOLDERS' FUNDS 4,230,813 5,234,066

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.

PARK PROPERTIES (ANGLIA) LIMITED (REGISTERED NUMBER: 02139536)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





C D Wakefield - Director


PARK PROPERTIES (ANGLIA) LIMITED (REGISTERED NUMBER: 02139536)

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


1. STATUTORY INFORMATION

Park Properties (Anglia) 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 net invoiced sales of goods and services, excluding value added tax.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

PARK PROPERTIES (ANGLIA) LIMITED (REGISTERED NUMBER: 02139536)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 150,000 72,742 222,742
Additions - 98,818 98,818
Disposals - (95,105 ) (95,105 )
At 31 December 2023 150,000 76,455 226,455
DEPRECIATION
At 1 January 2023 - 40,401 40,401
Charge for year - 6,868 6,868
At 31 December 2023 - 47,269 47,269
NET BOOK VALUE
At 31 December 2023 150,000 29,186 179,186
At 31 December 2022 150,000 32,341 182,341

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,500,000
NET BOOK VALUE
At 31 December 2023 1,500,000
At 31 December 2022 1,500,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 698,633
Cost 801,367
1,500,000

PARK PROPERTIES (ANGLIA) LIMITED (REGISTERED NUMBER: 02139536)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,768 42,885
Amounts owed by group undertakings 33,042 1,515,655
Other debtors 963,518 1,147,515
1,013,328 2,706,055

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 250,000 7,000
Trade creditors 39,007 193,787
Taxation and social security 7,328 2,814
Other creditors 128,939 20,471
425,274 224,072

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 168,973

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 19,020 20,340
Between one and five years 9,207 12,115
28,227 32,455

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 250,000 175,973

11. RESERVES
Non
distributable
reserve
£   
At 1 January 2023
and 31 December 2023 740,204