Company Registration No. 12008382 (England and Wales)
PARK ROAD HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
PARK ROAD HOMES LIMITED
COMPANY INFORMATION
Directors
J Dallimore
J Wood
Company number
12008382
Registered office
59 Langley Avenue
Hemel Hempstead
HP3 9NS
PARK ROAD HOMES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
PARK ROAD HOMES LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
587,500
587,500
Cash at bank and in hand
2,455
3,663
589,955
591,163
Creditors: amounts falling due within one year
2
(664,276)
(662,397)
Net current liabilities
(74,321)
(71,234)
Capital and reserves
Called up share capital
3
2
2
Profit and loss reserves
(74,323)
(71,236)
Total equity
(74,321)
(71,234)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

 

These financial statements have been prepared and delivered 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 10 September 2024 and are signed on its behalf by:
J Wood
Director
Company Registration No. 12008382
PARK ROAD HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Park Road Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 59 Langley Avenue, Hemel Hempstead, HP3 9NS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Creditors: amounts falling due within one year
2024
2023
£
£
Loan account (mortgage)
440,348
440,348
Other creditors
223,928
222,049
664,276
662,397
3
Called up share capital
2024
2023
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
2 Ordinary of £1 each
2
2
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