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REGISTERED NUMBER: 07108446 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Park Rose Village Limited

Park Rose Village Limited (Registered number: 07108446)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Park Rose Village Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J B Horsley





REGISTERED OFFICE: 1 Walker Acre House
School Lane
Addingham
Ilkley
West Yorkshire
LS29 0JL





REGISTERED NUMBER: 07108446 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Park Rose Village Limited (Registered number: 07108446)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,267 53,766
Investment property 5 1,464,105 1,370,351
1,525,372 1,424,117

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 140,601 131,854
Cash at bank and in hand 39,214 969
181,815 134,823
CREDITORS
Amounts falling due within one year 7 236,149 231,297
NET CURRENT LIABILITIES (54,334 ) (96,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,471,038

1,327,643

CREDITORS
Amounts falling due after more than one
year

8

(479,034

)

(398,254

)

PROVISIONS FOR LIABILITIES (172,602 ) (159,336 )
NET ASSETS 819,402 770,053

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 686,714 634,874
Retained earnings 132,588 135,079
SHAREHOLDERS' FUNDS 819,402 770,053

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

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

Park Rose Village Limited (Registered number: 07108446)

Balance Sheet - continued
31 March 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 director and authorised for issue on 25 November 2024 and were signed by:





Mr J B Horsley - Director


Park Rose Village Limited (Registered number: 07108446)

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

1. STATUTORY INFORMATION

Park Rose Village 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.

The presentation currency is £ sterling

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Park Rose Village Limited (Registered number: 07108446)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 121,818
Additions 21,943
At 31 March 2024 143,761
DEPRECIATION
At 1 April 2023 68,052
Charge for year 14,442
At 31 March 2024 82,494
NET BOOK VALUE
At 31 March 2024 61,267
At 31 March 2023 53,766

Park Rose Village Limited (Registered number: 07108446)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 22,000
Additions 13,789
At 31 March 2024 35,789
DEPRECIATION
At 1 April 2023 5,500
Charge for year 7,572
At 31 March 2024 13,072
NET BOOK VALUE
At 31 March 2024 22,717
At 31 March 2023 16,500

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 1,370,351
Additions 29,754
Revaluations 64,000
At 31 March 2024 1,464,105
NET BOOK VALUE
At 31 March 2024 1,464,105
At 31 March 2023 1,370,351

The completed investment properties are stated at fair value, in accordance with the requirements of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

The investment properties have been valued by the director, on 31st March 2024 using the open market basis, taking into account existing tenancy arrangements

Park Rose Village Limited (Registered number: 07108446)

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

5. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2012 532,636
Valuation in 2018 313,160
Valuation in 2020 (130,000 )
Valuation in 2022 43,000
Valuation in 2023 25,000
Valuation in 2024 64,000
Cost 616,309
1,464,105

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 616,309 586,555

Investment property was valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,390 5,117
Amounts owed by group undertakings 118,717 112,312
Other debtors 18,494 14,425
140,601 131,854

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 69,606 94,430
Hire purchase contracts 3,838 2,152
Trade creditors 55,763 29,700
Taxation and social security 59,718 59,915
Other creditors 47,224 45,100
236,149 231,297

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 452,235 380,406
Hire purchase contracts 26,799 17,848
479,034 398,254

Park Rose Village Limited (Registered number: 07108446)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Natwest UK PLC 450,676 398,591

A debenture from Natwest UK PLC over all assets is secured by a fixed and floating charge covering all property and undertakings of the company.

A legal charge is held by Trevor Stanley Pearce and Jennifer Pearce over the land and buildings to the east of Carnaby Court.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr J B Horsley
Balance outstanding at start of year - 16,057
Amounts repaid - (16,057 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

This is unsecured, interest free and is repayable on demand

11. RELATED PARTY DISCLOSURES

During the year the company loaned monies to Park Rose Village No.1 Limited. The amount owed to the company at the year end date was £115,326.72 (2023 £109,077). The loan is repayable on demand and is interest free.

During the year the company loaned monies to The Yorkshire Property Company Limited. The amount owed to the company at the year end date was £3,390 (2023 £3,235). The loan is repayable on demand and is interest free.

Park Rose Village Limited

Report of the Accountants to the Director of
Park Rose Village Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX


Date: .............................................