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Parkpath Properties Ltd

Unaudited Financial Statements for the Year Ended 31 May 2024






Parkpath Properties Ltd (Registered number: 05809519)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Parkpath Properties Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D R Ross
I D Ross





SECRETARY: I D Ross





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 05809519 (England and Wales)





ACCOUNTANTS: MATTHEWS SUTTON & CO LTD
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
L18 1DG

Parkpath Properties Ltd (Registered number: 05809519)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 170,000 100,000

CURRENT ASSETS
Cash at bank 1,495 1,104

CREDITORS
Amounts falling due within one year 5 3,895 3,487
NET CURRENT LIABILITIES (2,400 ) (2,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,600

97,617

PROVISIONS FOR LIABILITIES 13,925 -
NET ASSETS 153,675 97,617

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 126,075 70,000
Retained earnings 27,500 27,517
SHAREHOLDERS' FUNDS 153,675 97,617

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

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

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 13 September 2024 and were signed on its behalf by:





D R Ross - Director


Parkpath Properties Ltd (Registered number: 05809519)

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

1. STATUTORY INFORMATION

Parkpath Properties Ltd 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 represents net rents receivable, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 100,000
Revaluations 70,000
At 31 May 2024 170,000
NET BOOK VALUE
At 31 May 2024 170,000
At 31 May 2023 100,000

Investment property was valued by the directors using market data.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 96 -
Taxation and social security 2,107 1,753
Other creditors 1,692 1,734
3,895 3,487

Parkpath Properties Ltd (Registered number: 05809519)

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

6. RESERVES
Fair
value
reserve
£   
At 1 June 2023 70,000
Fair value adjustment 56,075

At 31 May 2024 126,075