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REGISTERED NUMBER: 04724092 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Parkland Estate Agency Limited

Parkland Estate Agency Limited (Registered number: 04724092)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Parkland Estate Agency Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: Mr P McGuirk
Mrs V McGuirk





SECRETARY: Mr P McGuirk





REGISTERED OFFICE: 23 Foreland Heights
Broadstairs
Kent
CT10 3FU





REGISTERED NUMBER: 04724092 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Parkland Estate Agency Limited (Registered number: 04724092)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,174 25,232

CURRENT ASSETS
Debtors 5 93,200 137,253
Cash at bank 42,770 2,625
135,970 139,878
CREDITORS
Amounts falling due within one year 6 645 -
NET CURRENT ASSETS 135,325 139,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,499

165,110

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 160,497 165,108
SHAREHOLDERS' FUNDS 160,499 165,110

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Parkland Estate Agency Limited (Registered number: 04724092)

Balance Sheet - continued
31 August 2024


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 5 December 2024 and were signed on its behalf by:




Mrs V McGuirk - Director



Mr P McGuirk - Director


Parkland Estate Agency Limited (Registered number: 04724092)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Parkland Estate Agency 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.

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
Computer equipment - 25% on reducing balance

Plant & Machinery 15% Reducing Balance
Computer Equipment 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance

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

Current or deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Parkland Estate Agency Limited (Registered number: 04724092)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 25,000 974 25,974
DEPRECIATION
At 1 September 2023 - 742 742
Charge for year - 58 58
At 31 August 2024 - 800 800
NET BOOK VALUE
At 31 August 2024 25,000 174 25,174
At 31 August 2023 25,000 232 25,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,200 -
Amounts owed by associates - 137,253
93,200 137,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 645 -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 September 2023 165,108
Profit for the year 4,389
Dividends (9,000 )
At 31 August 2024 160,497

Parkland Estate Agency Limited

Report of the Accountants to the Directors of
Parkland Estate Agency 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 31 August 2024 set out on page nil 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.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


5 December 2024