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REGISTERED NUMBER: 11774246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Park House Properties Limited

Park House Properties Limited (Registered number: 11774246)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Park House Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A Robottom





SECRETARY:





REGISTERED OFFICE: The Island House
Midsomer Norton
BA3 2DZ





REGISTERED NUMBER: 11774246 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ

Park House Properties Limited (Registered number: 11774246)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,810,000 1,260,000

CURRENT ASSETS
Debtors 5 107,255 173,617
Cash at bank 30,753 19,684
138,008 193,301
CREDITORS
Amounts falling due within one year 6 1,080 1,080
NET CURRENT ASSETS 136,928 192,221
TOTAL ASSETS LESS CURRENT LIABILITIES 1,946,928 1,452,221

CREDITORS
Amounts falling due after more than one year 7 (1,821,838 ) (1,388,418 )

PROVISIONS FOR LIABILITIES (67,325 ) (35,668 )
NET ASSETS 57,765 28,135

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 57,755 28,125
SHAREHOLDERS' FUNDS 57,765 28,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





A Robottom - Director


Park House Properties Limited (Registered number: 11774246)

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

1. STATUTORY INFORMATION

Park House Properties 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,260,000
Additions 423,372
Revaluations 126,628
At 31 January 2024 1,810,000
NET BOOK VALUE
At 31 January 2024 1,810,000
At 31 January 2023 1,260,000

Park House Properties Limited (Registered number: 11774246)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 1,097,793
Valuation in 2023 162,207
Valuation in 2024 550,000
1,810,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 107,255 173,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 1,080 1,080

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 1,075,310 703,767
Other creditors 746,528 684,651
1,821,838 1,388,418

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31.01.2024 the company owed the director £746,528.