PARK'S EDGE HOMES LTD |
|
BALANCE SHEET |
AS AT 31 MARCH 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
|
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
|
|
Signed on behalf of the board of directors |
|
|
|
|
P J Cording |
|
|
|
|
L J Cording |
Director |
Director |
|
Date approved by the board: 26 November 2024 |
|
PARK'S EDGE HOMES LTD |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
GENERAL INFORMATION |
|
|
Park's Edge Homes Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
|
4 Witan Way |
|
Witney |
|
Oxon |
|
OX28 6FF |
|
|
The financial statements are presented in Sterling, which is the functional currency of the company. |
|
2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|
|
Basis of preparation of financial statements |
|
|
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
|
|
Going concern |
|
PARK'S EDGE HOMES LTD |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
7 |
CREDITORS: Amounts falling due within one year |
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
|
|
|
|
|
|
|
|
|
£ |
|
£ |
|
Bank loans and overdrafts |
430,000 |
|
- |
|
Taxation and social security |
210 |
|
- |
|
Accruals and deferred income |
15,251 |
|
2,400 |
|
Other creditors |
329,059 |
|
319,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
774,520 |
|
321,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
8 |
CREDITORS: Amounts falling due after more than one year |
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
|
|
|
|
|
|
|
|
|
£ |
|
£ |
|
Bank loans and overdrafts |
- |
|
430,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
9 |
SECURED DEBTS |
|
|
The company has a bank loan with Tuscan Capital Limited which is secured on all of the assets of the company. |
|
10 |
RELATED PARTY TRANSACTIONS |
|
|
The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members: |
|
|
Park's Edge Developments Ltd |
- |
Subsidiary company |
|
|
During the year, the following transactions with related parties took place: |
|
|
P J and L J Cording |
|
Directors |
2024 |
|
2023 |
|
|
|
|
|
|
|
|
|
£ |
|
£ |
|
Advances to company |
|
The directors have made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the directors the following amount: |
|
5,656 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|