Company registration number 09329531 (England and Wales)
HYDE PARKING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
HYDE PARKING LIMITED
BALANCE SHEET
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2024
2023
£
£
£
£
Current assets
6,747
9,580
Prepayments and accrued income
2,314
2,342
Creditors: amounts falling due within one year
(1,930)
(3,667)
Net current assets
7,131
8,255
Net assets
7,131
8,255
Capital and reserves
7,131
8,255
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
The company is party to a fixed and floating charge over all its property in respect of a Coronavirus Business Interruption Loan (CBIL) and other loans totalling £1,775,833 (2023: £1,305,203) held by a related party, MET Parking Services Limited. Met Parking Services Limited and its parent, MET Car Parks Limited, are also subject to the charge. These charges also include a negative pledge.
The CBIL loan has a fixed 5 year loan term with an interest rate of 8.3%. The other loan has a fixed 26 month term with an interest rate of 9% above base rate.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Hyde Parking Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cannon Place, 78 Cannon Street, London, United Kingdom, EC4N 6AF.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
HYDE PARKING LIMITED
BALANCE SHEET (CONTINUED)
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The financial statements were approved and signed by the director and authorised for issue on 20 February 2025
Mr D Marks
Director
Company registration number 09329531 (England and Wales)