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REGISTERED NUMBER: 01672855 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Park Villas Management
Company Limited

Park Villas Management
Company Limited (Registered number: 01672855)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Park Villas Management
Company Limited (Registered number: 01672855)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 1,281,119 22,271
Cash at bank 259,046 129,923
1,540,165 152,194
CREDITORS
Amounts falling due within one year 5 5,482 1,863
NET CURRENT ASSETS 1,534,683 150,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,683

150,331

CAPITAL AND RESERVES
Called up share capital 80 80
Robinwood 6 794,932 85,560
Fernwood Court 6 183,262 7,184
Estate 6 11,759 10,953
Fernwood Houses 6 544,650 46,554
SHAREHOLDERS' FUNDS 1,534,683 150,331

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 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 26 September 2024 and were signed on its behalf by:





R A Mackenzie - Director


Park Villas Management
Company Limited (Registered number: 01672855)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Park Villas Management Company Limited is a private company, limited by shares, registered in England. Its registered office address is Jason House, Kerry Hill, Horsforth, Leeds,LS18 4JR and its registered number is 01672855.

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 contributions from members under the terms of their respective leases.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Service charge and levy owing 1,276,673 802
Prepayments and other debtors 4,446 21,469
1,281,119 22,271

A balance due from members of £1,275,263 for a one-off major works levy is included in Service charge and levy owing.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Service charge in advance 2,581 969
Taxation and social security 189 -
Accrued expenses 2,712 894
5,482 1,863

6. RESERVES
Retained Fernwood
earnings Robinwood Court
£    £    £   

At 1 January 2023 - 85,560 7,184
Profit for the year 1,384,352
Transfer (1,384,352 ) 709,372 176,078
At 31 December 2023 - 794,932 183,262

Park Villas Management
Company Limited (Registered number: 01672855)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. RESERVES - continued
Fernwood
Estate Houses Totals
£    £    £   

At 1 January 2023 10,953 46,554 150,251
Profit for the year 1,384,352
Transfer 806 498,096 -
At 31 December 2023 11,759 544,650 1,534,603