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REGISTERED NUMBER: 00644506 (England and Wales)


FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

PARKLINE INVESTMENTS LIMITED

PARKLINE INVESTMENTS LIMITED (REGISTERED NUMBER: 00644506)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

PARKLINE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M L Lane
Mrs G G Jay





SECRETARY: Mrs G G Jay





REGISTERED OFFICE: Independence House
14a Nelson Street
Southend-on-Sea
Essex
SS1 1EF





REGISTERED NUMBER: 00644506 (England and Wales)





ACCOUNTANTS: Ashton Wallace
Chartered Certified Accountants
Independence House
14a Nelson Street
Southend-on-Sea
Essex
SS1 1EF

PARKLINE INVESTMENTS LIMITED (REGISTERED NUMBER: 00644506)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 492,000 492,000

CURRENT ASSETS
Debtors 5 1,616 130
Cash at bank 55,428 60,547
57,044 60,677
CREDITORS
Amounts falling due within one year 6 6,102 8,450
NET CURRENT ASSETS 50,942 52,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,942

544,227

PROVISIONS FOR LIABILITIES 3,011 3,011
NET ASSETS 539,931 541,216

CAPITAL AND RESERVES
Called up share capital 300 300
Capital redemption reserve 4,838 4,838
Fair value reserve 7 15,845 15,845
Retained earnings 518,948 520,233
SHAREHOLDERS' FUNDS 539,931 541,216

PARKLINE INVESTMENTS LIMITED (REGISTERED NUMBER: 00644506)

BALANCE SHEET - continued
31ST MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 25th November 2024 and were signed on its behalf by:





M L Lane - Director


PARKLINE INVESTMENTS LIMITED (REGISTERED NUMBER: 00644506)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Parkline Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Deferred taxation
Deferred taxation is provided on the liability method to take account of certain items for accounting purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material differences to the extent that it is considered that a net liability may crystallise.

Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities (effective 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and, accordingly, the amount of depreciation which might otherwise have been charged cannot separately be identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PARKLINE INVESTMENTS LIMITED (REGISTERED NUMBER: 00644506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1st June 2023
and 31st May 2024 492,000
NET BOOK VALUE
At 31st May 2024 492,000
At 31st May 2023 492,000

Cost or valuation at 31st May 2024 is represented by:

Freehold
property
£   
Valuation in 2021 15,845
Cost 476,155
492,000

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

2024 2023
£    £   
Cost 476,155 476,155
Aggregate depreciation 57,138 47,615

Freehold property was valued on an open market basis on 31st May 2021 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,616 130

PARKLINE INVESTMENTS LIMITED (REGISTERED NUMBER: 00644506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,353 1,858
Taxation and social security 3,921 3,751
Other creditors 828 2,841
6,102 8,450

7. RESERVES
Fair
value
reserve
£   
At 1st June 2023
and 31st May 2024 15,845

PARKLINE INVESTMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PARKLINE INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 31st May 2024 set out on pages three to eight 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.






Ashton Wallace
Chartered Certified Accountants
Independence House
14a Nelson Street
Southend-on-Sea
Essex
SS1 1EF


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