2023-02-01 2024-01-31 false Capium Accounts Production 1.1 13153838 bus:AbridgedAccounts 2023-02-01 2024-01-31 13153838 bus:FRS102 2023-02-01 2024-01-31 13153838 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13153838 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13153838 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13153838 2023-02-01 2024-01-31 13153838 2024-01-31 13153838 bus:RegisteredOffice 2023-02-01 2024-01-31 13153838 core:WithinOneYear 2024-01-31 13153838 core:AfterOneYear 2024-01-31 13153838 bus:Director1 2023-02-01 2024-01-31 13153838 bus:Director1 2024-01-31 13153838 bus:Director1 2022-02-01 2023-01-31 13153838 2022-02-01 13153838 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 13153838 2022-02-01 2023-01-31 13153838 2023-01-31 13153838 core:WithinOneYear 2023-01-31 13153838 core:AfterOneYear 2023-01-31 13153838 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 13153838 core:ComputerEquipment 2023-02-01 2024-01-31 13153838 core:ComputerEquipment 2024-01-31 13153838 core:ComputerEquipment 2023-01-31 13153838 core:LandBuildings 2023-02-01 2024-01-31 13153838 core:LandBuildings 2024-01-31 13153838 core:LandBuildings 2023-01-31 13153838 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 13153838 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 13153838 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 13153838 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 13153838 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 13153838 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 13153838 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 13153838 core:Non-currentFinancialInstruments 2024-01-31 13153838 core:Non-currentFinancialInstruments 2023-01-31 13153838 core:ShareCapital 2024-01-31 13153838 core:ShareCapital 2023-01-31 13153838 core:RetainedEarningsAccumulatedLosses 2024-01-31 13153838 core:RetainedEarningsAccumulatedLosses 2023-01-31 13153838 dpl:Item1 2023-02-01 13153838 dpl:Item1 2024-01-31 13153838 dpl:Item1 2022-02-01 13153838 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13153838
England and Wales

 

 

 

THE PARK LANE REAL ESTATE INVESTMENTS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 523,982    523,243 
523,982    523,243 
Current assets      
Debtors 43,834    43,834 
Cash at bank and in hand 2,076    1,735 
45,910    45,569 
Creditors: amount falling due within one year (278,602)   (253,294)
Net current assets (232,692)   (207,725)
 
Total assets less current liabilities 291,290    315,518 
Creditors: amount falling due after more than one year (348,095)   (348,095)
Net assets (56,805)   (32,577)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (56,905)   (32,677)
Shareholders' funds (56,805)   (32,577)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 31 October 2024 and were signed on its behalf by:


-------------------------------
Edward James Joseph
Director
1
General Information
THE PARK LANE REAL ESTATE INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13153838, registration address 3rd Floor Broadway Chambers, 1 Cranbrook Road, Ilford, Esssex, IG1 4DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company has recently been incorporated and would incur initial cost. They have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 2 Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Land and Buildings   Total
  £   £   £
At 01 February 2023    
Additions 1,477    523,243    524,720 
Disposals    
At 31 January 2024 1,477    523,243    524,720 
Depreciation
At 01 February 2023    
Charge for year 738      738 
On disposals    
At 31 January 2024 738      738 
Net book values
Closing balance as at 31 January 2024 739    523,243    523,982 
Opening balance as at 01 February 2023   523,243    523,243 

The net book value of Land and Buildings includes £ 523,243 in respect of assets leased under finance leases or hire purchase contracts.

2