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REGISTERED NUMBER: 09773184 (England and Wales)



















ALLPARK ESTATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2023






ALLPARK ESTATES LTD (REGISTERED NUMBER: 09773184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ALLPARK ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 27 SEPTEMBER 2023







DIRECTORS: Mrs B Heimann
Mrs V Low





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 09773184 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

ALLPARK ESTATES LTD (REGISTERED NUMBER: 09773184)

BALANCE SHEET
27 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,970,224 2,215,543

CURRENT ASSETS
Debtors 6 11,462 8,445
Cash at bank 5,921 920
17,383 9,365
CREDITORS
Amounts falling due within one year 7 2,195,023 2,238,161
NET CURRENT LIABILITIES (2,177,640 ) (2,228,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

792,584

(13,253

)

CREDITORS
Amounts falling due after more than one
year

8

1,207,077

29,167
NET LIABILITIES (414,493 ) (42,420 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (414,495 ) (42,422 )
(414,493 ) (42,420 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2023 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.

ALLPARK ESTATES LTD (REGISTERED NUMBER: 09773184)

BALANCE SHEET - continued
27 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mrs V Low - Director


ALLPARK ESTATES LTD (REGISTERED NUMBER: 09773184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 SEPTEMBER 2023

1. STATUTORY INFORMATION

Allpark Estates 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio. Rental income is accounted for on an accruals basis.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

ALLPARK ESTATES LTD (REGISTERED NUMBER: 09773184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2023

3. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The directors consider this to be appropriate having regard to the continued provision of financial support by the company's directors and creditors.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 September 2022 2,215,543
Additions 754,681
At 27 September 2023 2,970,224
NET BOOK VALUE
At 27 September 2023 2,970,224
At 27 September 2022 2,215,543

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's director who has the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 30 September 2023 is £2,970,224.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,462 7,597
Other debtors - 848
11,462 8,445

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 819 -
Other creditors 2,184,204 2,228,161
2,195,023 2,238,161

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,207,077 29,167

ALLPARK ESTATES LTD (REGISTERED NUMBER: 09773184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years by
non-instalments

1,187,910

-

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,217,077 -

The bank loans are secured by legal charges over the company's investment properties.

10. RELATED PARTY DISCLOSURES

Included in other creditors is a loan amounting to £Nil (2022: £910,000) from a related party, Gilmoor Benevolent Fund Limited, which was secured against one of the company's investment properties.