IRIS Accounts Production v24.2.0.383 09910290 Board of Directors 31.12.22 30.12.23 30.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099102902022-12-30099102902023-12-30099102902022-12-312023-12-30099102902021-12-31099102902022-01-012022-12-30099102902022-12-3009910290ns15:EnglandWales2022-12-312023-12-3009910290ns14:PoundSterling2022-12-312023-12-3009910290ns10:Director12022-12-312023-12-3009910290ns10:PrivateLimitedCompanyLtd2022-12-312023-12-3009910290ns10:SmallEntities2022-12-312023-12-3009910290ns10:AuditExempt-NoAccountantsReport2022-12-312023-12-3009910290ns10:SmallCompaniesRegimeForDirectorsReport2022-12-312023-12-3009910290ns10:SmallCompaniesRegimeForAccounts2022-12-312023-12-3009910290ns10:FullAccounts2022-12-312023-12-3009910290ns10:Director22022-12-312023-12-3009910290ns10:RegisteredOffice2022-12-312023-12-3009910290ns5:CurrentFinancialInstruments2023-12-3009910290ns5:CurrentFinancialInstruments2022-12-3009910290ns5:Non-currentFinancialInstruments2023-12-3009910290ns5:Non-currentFinancialInstruments2022-12-3009910290ns5:ShareCapital2023-12-3009910290ns5:ShareCapital2022-12-3009910290ns5:RetainedEarningsAccumulatedLosses2023-12-3009910290ns5:RetainedEarningsAccumulatedLosses2022-12-3009910290ns5:PlantMachinery2022-12-312023-12-3009910290ns5:MotorVehicles2022-12-312023-12-3009910290ns5:PlantMachinery2022-12-3009910290ns5:MotorVehicles2022-12-3009910290ns5:PlantMachinery2023-12-3009910290ns5:MotorVehicles2023-12-3009910290ns5:PlantMachinery2022-12-3009910290ns5:MotorVehicles2022-12-3009910290ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3009910290ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-30
REGISTERED NUMBER: 09910290 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED

PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09910290)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTORS: S Perez
D A King





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09910290 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09910290)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35 57

CURRENT ASSETS
Stocks 5 195,000 100,000
Debtors 6 624,172 1,532,006
Cash at bank 1,724 5,184
820,896 1,637,190
CREDITORS
Amounts falling due within one year 7 39,640 37,510
NET CURRENT ASSETS 781,256 1,599,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,291

1,599,737

CREDITORS
Amounts falling due after more than one
year

8

1,169,542

1,991,482
NET LIABILITIES (388,251 ) (391,745 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (388,253 ) (391,747 )
(388,251 ) (391,745 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 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 19 September 2024 and were signed on its behalf by:





D A King - Director


PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09910290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Park House Residential Developments 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.

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 represents income from the sale of properties and is recognised at the point the customer is entitled to consideration.

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 - 20% on cost
Motor vehicles - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09910290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 December 2022 1,609 6,850 8,459
Disposals - (6,850 ) (6,850 )
At 30 December 2023 1,609 - 1,609
DEPRECIATION
At 31 December 2022 1,552 6,850 8,402
Charge for year 22 - 22
Eliminated on disposal - (6,850 ) (6,850 )
At 30 December 2023 1,574 - 1,574
NET BOOK VALUE
At 30 December 2023 35 - 35
At 30 December 2022 57 - 57

5. STOCKS
2023 2022
£    £   
Work-in-progress 195,000 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 414,697 1,327,662
Other debtors 14,339 14,339
Directors' loan accounts 110,801 110,801
Tax 36,010 36,010
VAT 48,325 43,194
624,172 1,532,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 36,010 36,010
Accrued expenses 3,630 1,500
39,640 37,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 1,169,542 1,991,482

PARK HOUSE RESIDENTIAL DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09910290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

Cedar Residential Limited:
As at 30 December 2023, Park House Residential Developments Limited owed Cedar Residential Developments Limited £329,285 (2022: £329,285). This loan is interest free and repayable with one years notice.

Riverside Property Investments Limited:
As at 30 December 2023, Park House Residential Developments Limited owed Riverside Property Investments Limited £717,997 (2022: £1,539,937). This loan is repayable with one months notice.

Galleon Residential Limited:
As at 30 December 2023, Galleon Residential Limited owed Park House Residential Developments Limited £Nil (2022: £700,543). This loan is repayable on demand.

Danebury Property Limited:
As at 30 December 2023, Danebury Property Limited owed Park House Residential Developments Limited £414,698 (2022: £414,698). This loan is repayable on demand with interest.

Ph Res Dev Ltd:
As at 30 December 2023, Ph Res Dev Limited owed Park House Residential Developments Limited £Nil (2022: £212,422). This loan is interest free and repayable on demand.

Beechwood Residential Limited
As at 30 December 2023, Park House Residential Developments Limited owed Beechwood Residential Limited £122,260 (2022: £122,260). This loan is interest free and repayable with one years notice.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D King & S Perez.

This was by virtue of their 100% holding of the issued share capital.