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Registered number: 13776363
1 Park End Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of 1 Park End Limited for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1 Park End Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of 1 Park End Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 1 Park End Limited and state those matters that we have agreed to state to the director of 1 Park End Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1 Park End Limited and its director as a body for our work or for this report.
It is your duty to ensure that 1 Park End Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of 1 Park End Limited . You consider that 1 Park End Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 1 Park End Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
24 December 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 13776363
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,545,400 1,438,174
Debtors 5 9,086 111,501
Cash at bank and in hand 3 -
1,554,489 1,549,675
Creditors: Amounts Falling Due Within One Year 6 (190,188 ) (166,500 )
NET CURRENT ASSETS (LIABILITIES) 1,364,301 1,383,175
TOTAL ASSETS LESS CURRENT LIABILITIES 1,364,301 1,383,175
Creditors: Amounts Falling Due After More Than One Year 7 (920,000 ) (920,000 )
NET ASSETS 444,301 463,175
CAPITAL AND RESERVES
Called up share capital 8 481,001 481,001
Profit and Loss Account (36,700 ) (17,826 )
SHAREHOLDERS' FUNDS 444,301 463,175
Page 2
Page 3
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Bejan Roohi
Director
24 December 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
1 Park End Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13776363 . The registered office is Suite 3 Beatty House, Admirals Way, London, England, E14 9UF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
31 December 2023 31 December 2022
£ £
Work in progress 1,545,400 1,438,174
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 9,086 111,501
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Other creditors 165,000 165,000
Accruals and deferred income 3,000 1,500
Director's loan account 22,188 -
190,188 166,500
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other creditors 920,000 920,000
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 481,001 481,001
9. Related Party Transactions
Included in debtors falling due within one year is an amount of £9,086 (2022: £111,501) due from an associate company, a company owned by the same directors. The loan is interest free.
Included in the creditors falling due within one year is an amount of £22,188 payable to the director. The loan is interest free.
Page 5