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REGISTERED NUMBER: 03513901 (England and Wales)















PARKES QUAY MANAGEMENT SERVICES LIMITED

Unaudited Financial Statements

for the Year Ended 29 February 2024






PARKES QUAY MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03513901)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARKES QUAY MANAGEMENT SERVICES LIMITED

Company Information
for the year ended 29 February 2024







DIRECTOR: D Williams





SECRETARY: Miss S Hyde





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 03513901 (England and Wales)






PARKES QUAY MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03513901)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,558 3,669

CURRENT ASSETS
Debtors 5 379 501
Cash at bank and in hand 19,599 23,074
19,978 23,575
CREDITORS
Amounts falling due within one year 6 1,057 897
NET CURRENT ASSETS 18,921 22,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,479

26,347

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 22,466 26,334
SHAREHOLDERS' FUNDS 22,479 26,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2024 and were signed by:





D Williams - Director


PARKES QUAY MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03513901)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Parkes Quay Management Services 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
The company's principal activity is that of a property management company and as such its income is mainly derived from annual service charges receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 (2023 - NIL).

PARKES QUAY MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03513901)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 5,557
DEPRECIATION
At 1 March 2023 1,888
Charge for year 111
At 29 February 2024 1,999
NET BOOK VALUE
At 29 February 2024 3,558
At 28 February 2023 3,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 379 501

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other creditors 1,057 897