REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023 |
FOR |
PARK HOUSE RESIDENTIAL DEVELOPMENTS |
LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents income from the sale of properties and is recognised at the point the customer is entitled to consideration. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
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 |
Disposals | ( |
) | ( |
) |
At 30 December 2023 |
DEPRECIATION |
At 31 December 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 December 2023 |
NET BOOK VALUE |
At 30 December 2023 |
At 30 December 2022 |
5. | STOCKS |
2023 | 2022 |
£ | £ |
Work-in-progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by associates |
Other debtors |
Directors' loan accounts | 110,801 | 110,801 |
Tax |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
Accrued expenses |
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 |
This was by virtue of their 100% holding of the issued share capital. |