Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05376046 Mr John Hampshire Mr Arron Winfield Mr Anthony Broderick Mr Paul O'neill Mrs Susan Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05376046 2023-12-31 05376046 2024-12-31 05376046 2024-01-01 2024-12-31 05376046 frs-core:CurrentFinancialInstruments 2024-12-31 05376046 frs-core:Non-currentFinancialInstruments 2024-12-31 05376046 frs-core:ShareCapital 2024-12-31 05376046 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05376046 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05376046 frs-bus:SmallEntities 2024-01-01 2024-12-31 05376046 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05376046 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05376046 frs-bus:Director1 2024-01-01 2024-12-31 05376046 frs-bus:Director2 2024-01-01 2024-12-31 05376046 frs-bus:Director3 2024-01-01 2024-12-31 05376046 frs-bus:Director4 2024-01-01 2024-12-31 05376046 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05376046 frs-countries:EnglandWales 2024-01-01 2024-12-31 05376046 2022-12-31 05376046 2023-12-31 05376046 2023-01-01 2023-12-31 05376046 frs-core:CurrentFinancialInstruments 2023-12-31 05376046 frs-core:Non-currentFinancialInstruments 2023-12-31 05376046 frs-core:ShareCapital 2023-12-31
Registered number: 05376046
Park Gate (Reginald Street) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Milestone Management Solutions Ltd
12 The Crescent
Stanley Common
Ilkeston
Derbyshire
DE7 6GH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05376046
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 10,044 6,425
10,044 6,425
Creditors: Amounts Falling Due Within One Year 5 (661 ) (631 )
NET CURRENT ASSETS (LIABILITIES) 9,383 5,794
TOTAL ASSETS LESS CURRENT LIABILITIES 9,383 5,794
Creditors: Amounts Falling Due After More Than One Year 6 (9,366 ) (5,777 )
NET ASSETS 17 17
CAPITAL AND RESERVES
Called up share capital 7 17 17
SHAREHOLDERS' FUNDS 17 17
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Arron Winfield
Director
13/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Park Gate (Reginald Street) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05376046 . The registered office is 49 Queen Street, Derby, Derbyshire, DE1 3DE.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,558 1,904
Prepayments and accrued income 629 568
Service Charge Funds Held 6,857 3,953
10,044 6,425
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Accruals and deferred income 661 630
661 631
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Long Term Maintenance Provision 9,366 5,777
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 17 17
Page 2
Page 3
8. Service Charge.
This notice is given in accordance with section 20B(2) of the Landlord and Tenant Act 1985.
For the service charge period ending 31st December 2024, costs were incurred in the sum of £24,033.05.
By the terms of the lease, the leaseholders will be required to contribute towards such costs through payment of a service charge.
9. Transition to FRS 102
Page 3