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REGISTERED NUMBER: 08569970 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OUR PARKS LTD

OUR PARKS LTD (REGISTERED NUMBER: 08569970)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OUR PARKS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: B Barikor





REGISTERED OFFICE: 10 London Mews
LONDON
W2 1HY





REGISTERED NUMBER: 08569970 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

OUR PARKS LTD (REGISTERED NUMBER: 08569970)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,778 158,499

CURRENT ASSETS
Debtors 5 456,957 313,217
Cash at bank 9 9
456,966 313,226
CREDITORS
Amounts falling due within one year 6 404,286 300,398
NET CURRENT ASSETS 52,680 12,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,458

171,327

CREDITORS
Amounts falling due after more than one
year

7

148,907

100,000
NET ASSETS 57,551 71,327

CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital redemption reserve 22,500 22,500
Retained earnings 35,050 48,826
SHAREHOLDERS' FUNDS 57,551 71,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

OUR PARKS LTD (REGISTERED NUMBER: 08569970)

BALANCE SHEET - continued
31 December 2023


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 15 November 2024 and were signed by:





B Barikor - Director


OUR PARKS LTD (REGISTERED NUMBER: 08569970)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Our Parks 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.

Going concern
After reviewing the company's forecasts and projections, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents funding receivable in the year net of discounts and VAT.

Rendering of services

Revenue for providing services are recognised in the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line
Company website - 25% straight line

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.


OUR PARKS LTD (REGISTERED NUMBER: 08569970)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Company
fittings vehicles website Totals
£    £    £    £   
COST
At 1 January 2023 64,830 72,160 254,942 391,932
Additions - 99,129 - 99,129
At 31 December 2023 64,830 171,289 254,942 491,061
DEPRECIATION
At 1 January 2023 30,543 45,100 157,790 233,433
Charge for year 13,714 51,841 38,295 103,850
At 31 December 2023 44,257 96,941 196,085 337,283
NET BOOK VALUE
At 31 December 2023 20,573 74,348 58,857 153,778
At 31 December 2022 34,287 27,060 97,152 158,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 41,606 24,756
Other debtors 415,351 288,461
456,957 313,217

OUR PARKS LTD (REGISTERED NUMBER: 08569970)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 129,222 68,677
Hire purchase contracts 14,051 20,549
Trade creditors 78,422 107,420
Taxation and social security 133,786 73,930
Other creditors 48,805 29,822
404,286 300,398

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 70,000 100,000
Hire purchase contracts 78,907 -
148,907 100,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
850 Ordinary A £.001 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
B Barikor
Balance outstanding at start of year 234,122 75,336
Amounts advanced 69,685 158,786
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 303,807 234,122