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REGISTERED NUMBER: 03045600 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Power Park Limited

Power Park Limited (Registered number: 03045600)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Power Park Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr K P Hardy
Mr P C Neal





SECRETARY: Mr P C Neal





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 03045600 (England and Wales)

Power Park Limited (Registered number: 03045600)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,365 1,772
Investment property 5 421,338 270,000
422,703 271,772

CURRENT ASSETS
Debtors 6 60,907 49,080
Cash at bank 4,328 404,180
65,235 453,260
CREDITORS
Amounts falling due within one year 7 (63,249 ) (119,544 )
NET CURRENT ASSETS 1,986 333,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,689

605,488

PROVISIONS FOR LIABILITIES (341 ) (48,193 )
NET ASSETS 424,348 557,295

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 424,346 557,293
424,348 557,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Power Park Limited (Registered number: 03045600)

Balance Sheet - continued
31 July 2024


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 18 October 2024 and were signed on its behalf by:





Mr K P Hardy - Director


Power Park Limited (Registered number: 03045600)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Power Park 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Power Park Limited (Registered number: 03045600)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 16,067
DEPRECIATION
At 1 August 2023 14,295
Charge for year 407
At 31 July 2024 14,702
NET BOOK VALUE
At 31 July 2024 1,365
At 31 July 2023 1,772

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 270,000
Additions 421,338
Disposals (270,000 )
At 31 July 2024 421,338
NET BOOK VALUE
At 31 July 2024 421,338
At 31 July 2023 270,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2019 550,000
Valuation in 2020 40,000
Valuation in 2021 29,500
Valuation in 2022 105,500
Valuation in 2023 (455,000 )
Valuation in 2024 151,338
421,338

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 421,338 79,000

investment properties were valued on an open market basis on 31 July 2024 by the directors .

Power Park Limited (Registered number: 03045600)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,996 32,863
Other debtors 22,911 16,217
60,907 49,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13 15
Taxation and social security 46,870 103,193
Other creditors 16,366 16,336
63,249 119,544