Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12723987 2023-01-01 2023-12-31 12723987 2022-01-01 2022-12-31 12723987 2023-12-31 12723987 2022-12-31 12723987 c:Director1 2023-01-01 2023-12-31 12723987 d:MotorVehicles 2023-01-01 2023-12-31 12723987 d:MotorVehicles 2023-12-31 12723987 d:MotorVehicles 2022-12-31 12723987 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12723987 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12723987 d:FurnitureFittings 2023-01-01 2023-12-31 12723987 d:FurnitureFittings 2023-12-31 12723987 d:FurnitureFittings 2022-12-31 12723987 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12723987 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12723987 d:OfficeEquipment 2023-01-01 2023-12-31 12723987 d:OfficeEquipment 2023-12-31 12723987 d:OfficeEquipment 2022-12-31 12723987 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12723987 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12723987 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12723987 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12723987 d:CurrentFinancialInstruments 2023-12-31 12723987 d:CurrentFinancialInstruments 2022-12-31 12723987 d:Non-currentFinancialInstruments 2023-12-31 12723987 d:Non-currentFinancialInstruments 2022-12-31 12723987 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12723987 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12723987 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12723987 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12723987 d:ShareCapital 2023-12-31 12723987 d:ShareCapital 2022-12-31 12723987 d:SharePremium 2023-12-31 12723987 d:SharePremium 2022-12-31 12723987 d:RetainedEarningsAccumulatedLosses 2023-12-31 12723987 d:RetainedEarningsAccumulatedLosses 2022-12-31 12723987 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12723987 c:OrdinaryShareClass1 2023-12-31 12723987 c:OrdinaryShareClass1 2022-12-31 12723987 c:OrdinaryShareClass2 2023-01-01 2023-12-31 12723987 c:OrdinaryShareClass2 2023-12-31 12723987 c:OrdinaryShareClass2 2022-12-31 12723987 c:FRS102 2023-01-01 2023-12-31 12723987 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12723987 c:FullAccounts 2023-01-01 2023-12-31 12723987 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12723987 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12723987









PARK LORD LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PARK LORD LTD
REGISTERED NUMBER: 12723987

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,191
20,509

  
11,191
20,509

Current assets
  

Debtors: amounts falling due within one year
 5 
138,298
236,457

Cash at bank and in hand
 6 
58,200
34,066

  
196,498
270,523

Creditors: amounts falling due within one year
 7 
(82,198)
(124,071)

Net current assets
  
 
 
114,300
 
 
146,452

Total assets less current liabilities
  
125,491
166,961

Creditors: amounts falling due after more than one year
 8 
-
(9,941)

  

Net assets
  
125,491
157,020


Capital and reserves
  

Called up share capital 
 9 
133
133

Share premium account
  
99,969
99,969

Profit and loss account
  
25,389
56,918

  
125,491
157,020


Page 1

 
PARK LORD LTD
REGISTERED NUMBER: 12723987
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Marks
Director

Date: 4 December 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PARK LORD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Park Lord Ltd is a private company limited by shares incorporated in England and Wales (company number 12723987). Its registered office is Flat 1, 96 Park Street, London, England, W1K 6NY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
PARK LORD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight-line
Fixtures and fittings
-
25%
straight-line
Office equipment
-
25%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
PARK LORD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
£

Wages and salaries
18,192

18,192


The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 5

 
PARK LORD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
14,118
2,209
17,156
33,483


Additions
-
976
-
976


Disposals
-
(2,209)
-
(2,209)



At 31 December 2023

14,118
976
17,156
32,250



Depreciation


At 1 January 2023
7,353
67
5,555
12,975


Charge for the year on owned assets
-
205
4,417
4,622


Charge for the year on financed assets
3,529
-
-
3,529


Disposals
-
(67)
-
(67)



At 31 December 2023

10,882
205
9,972
21,059



Net book value



At 31 December 2023
3,236
771
7,184
11,191

Page 6

 
PARK LORD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
52,821
174,000

Amounts owed by group undertakings
83,276
62,457

Prepayments and accrued income
2,201
-

138,298
236,457



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
58,200
34,066

58,200
34,066



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,424
5,203

Corporation tax
31,257
37,094

Other taxation and social security
35,153
76,892

Obligations under finance lease and hire purchase contracts
9,941
2,382

Other creditors
923
-

Accruals and deferred income
2,500
2,500

82,198
124,071



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
9,941

-
9,941


Page 7

 
PARK LORD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £0.01 each
100
100
3,333 (2022 - 3,333) Ordinary A shares of £0.01 each
33
33

133

133



10.


Related party transactions

Included in other creditors is an amount of £69 (2022: nil ) due to the director. 


11.


Controlling party

The company is controlled by the director.

 
Page 8