12521706falseleisure home sales2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12521706

Independent Park Network Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Independent Park Network Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Mr P Burton
Mr M Burton
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12521706
BANKERS
Starling Bank Limited
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Independent Park Network Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Independent Park Network Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,8241,895
CURRENT ASSETS
Stock42,700126,599
Debtors550,2358,377
Cash at bank and in hand34,7106,322
127,645141,298
CREDITORS: Amounts falling due within one year638,74873,352
NET CURRENT ASSETS88,89767,946
TOTAL ASSETS LESS CURRENT LIABILITIES90,72169,841
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account90,62169,741
SHAREHOLDERS' FUNDS90,72169,841
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/10/2024 and signed on their behalf by
.............................
Mr M Burton
Director

Independent Park Network Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees33

Independent Park Network Ltd

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/04/20233,3703,370
Additions537537
At 31/03/20243,9073,907
Depreciation
At 01/04/20231,4751,475
For the year608608
At 31/03/20242,0832,083
Net Book Amounts
At 31/03/20241,8241,824
At 31/03/20231,8951,895
4. STOCK 20242023
££
Stock comprises:
Stock42,700126,599
42,700126,599
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors14,0136,240
VAT-2,137
Directors current account36,222-
50,2358,377

Independent Park Network Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax32,73724,413
VAT4,163-
Other tax and social security398-
Directors current account-47,489
Accruals1,4501,450
38,74873,352
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
New shares issued during period:
100 Ordinary shares of £1 each
8. RELATED PARTY TRANSACTIONS
Total remuneration of £18,192 (2023 - £18,192) was paid to the directors during the year.
Dividends of £84,000 (2022 - £31,000) were paid to the directors during the year.
At the balance sheet date total loans of £36,222 (2023 - £47,489 Creditor) were owed to company by the directors. The loans are intererst free, unsecured and repayable on demand.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 12521706.
The company's registered office is 6 Brunswick Street, Carlisle, Cumbria, CA1 1PN.