IRIS Accounts Production v24.3.0.553 00609328 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006093282023-06-30006093282024-06-30006093282023-07-012024-06-30006093282022-06-30006093282022-07-012023-06-30006093282023-06-3000609328ns15:EnglandWales2023-07-012024-06-3000609328ns14:PoundSterling2023-07-012024-06-3000609328ns10:Director12023-07-012024-06-3000609328ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3000609328ns10:SmallEntities2023-07-012024-06-3000609328ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3000609328ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3000609328ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3000609328ns10:FullAccounts2023-07-012024-06-3000609328ns10:OrdinaryShareClass12023-07-012024-06-3000609328ns10:Director22023-07-012024-06-3000609328ns10:Director32023-07-012024-06-3000609328ns10:Director42023-07-012024-06-3000609328ns10:RegisteredOffice2023-07-012024-06-3000609328ns5:CurrentFinancialInstruments2024-06-3000609328ns5:CurrentFinancialInstruments2023-06-3000609328ns5:ShareCapital2024-06-3000609328ns5:ShareCapital2023-06-3000609328ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3000609328ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3000609328ns5:RetainedEarningsAccumulatedLosses2024-06-3000609328ns5:RetainedEarningsAccumulatedLosses2023-06-3000609328ns5:LandBuildings2023-06-3000609328ns5:LandBuildings2023-07-012024-06-3000609328ns5:LandBuildings2024-06-3000609328ns5:LandBuildings2023-06-3000609328ns5:DeferredTaxation2023-06-3000609328ns5:DeferredTaxation2023-07-012024-06-3000609328ns5:DeferredTaxation2024-06-3000609328ns10:OrdinaryShareClass12024-06-3000609328ns5:RetainedEarningsAccumulatedLosses2023-06-3000609328ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3000609328ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 00609328 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Parkham Properties Limited

Parkham Properties Limited (Registered number: 00609328)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkham Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D A Snell
E L Vincent
M C Wyllie
N J Wyllie





REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR





REGISTERED NUMBER: 00609328 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Parkham Properties Limited (Registered number: 00609328)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
FIXED ASSETS
Tangible assets 4 2,138,420 2,533,420

CURRENT ASSETS
Debtors 5 17,726 345
Cash at bank 117,346 278,050
135,072 278,395
CREDITORS
Amounts falling due within one year 6 (155,217 ) (204,109 )
NET CURRENT (LIABILITIES)/ASSETS (20,145 ) 74,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,118,275

2,607,706

PROVISIONS FOR LIABILITIES 7 (527,259 ) (625,792 )
NET ASSETS 1,591,016 1,981,914

CAPITAL AND RESERVES
Called up share capital 8 120 120
Fair value reserve 9 1,581,775 1,877,375
Retained earnings 9 9,121 104,419
SHAREHOLDERS' FUNDS 1,591,016 1,981,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Parkham Properties Limited (Registered number: 00609328)

Balance Sheet - continued
30 June 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 6 November 2024 and were signed on its behalf by:





M C Wyllie - Director


Parkham Properties Limited (Registered number: 00609328)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Parkham 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.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 1 July 2023 2,533,420
Disposals (395,000 )
At 30 June 2024 2,138,420
NET BOOK VALUE
At 30 June 2024 2,138,420
At 30 June 2023 2,533,420

Parkham Properties Limited (Registered number: 00609328)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Freehold
property
£
Valuation in 2020 2,138,420

If Freehold property had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£ £
Cost 29,386 30,253

Freehold property were valued on an open market basis on 15 April 2020 by N Simpson RICS .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Other debtors 17,726 345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Corporation tax 90,085 139,209
Other creditors 100 -
Accrued expenses 65,032 64,900
155,217 204,109

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£ £
Deferred tax 527,259 625,792

Deferred tax
£
Balance at 1 July 2023 625,792
Provided during year (98,533 )
Provision for change in CTrate
Balance at 30 June 2024 527,259

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £ £
120 Ordinary £1 120 120

Parkham Properties Limited (Registered number: 00609328)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RESERVES
Retained Fair value
earnings reserve Totals
£ £ £

At 1 July 2023 104,419 1,877,375 1,981,794
Profit for the year 375,202 375,202
Dividends (470,500 ) (470,500 )
Revaluation - (295,600 ) (295,600 )
At 30 June 2024 9,121 1,581,775 1,590,896