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REGISTERED NUMBER: 05966947 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

PARKHOUSE FARM DEVELOPMENTS LTD

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKHOUSE FARM DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: D Chambers
T I Chambers





REGISTERED OFFICE: Unit 4-5 Construction Way
Barkston Road
Carlton Industrial Estate
Barnsley
South Yorkshire
S71 3HU





REGISTERED NUMBER: 05966947 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,637 44,674
Investments 5 101 1
Investment property 6 780,231 736,277
820,969 780,952

CURRENT ASSETS
Stocks 7 60,877 -
Debtors 8 138,042 475,529
Cash at bank 28,088 122,431
227,007 597,960
CREDITORS
Amounts falling due within one year 9 297,488 344,857
NET CURRENT (LIABILITIES)/ASSETS (70,481 ) 253,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,488

1,034,055

CREDITORS
Amounts falling due after more than one
year

10

-

(325,000

)

PROVISIONS FOR LIABILITIES 12 (86,361 ) (77,370 )
NET ASSETS 664,127 631,685

CAPITAL AND RESERVES
Called up share capital 13 100 2
Fair value reserve 14 259,736 234,098
Retained earnings 404,291 397,585
SHAREHOLDERS' FUNDS 664,127 631,685

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th February 2025 and were signed on its behalf by:





D Chambers - Director


PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Parkhouse Farm Developments Ltd 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 2 (2023 - 2 ) .

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st November 2023 46,140 10,000 56,140
Additions 1,200 - 1,200
At 31st October 2024 47,340 10,000 57,340
DEPRECIATION
At 1st November 2023 8,266 3,200 11,466
Charge for year 3,877 1,360 5,237
At 31st October 2024 12,143 4,560 16,703
NET BOOK VALUE
At 31st October 2024 35,197 5,440 40,637
At 31st October 2023 37,874 6,800 44,674

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st November 2023 1
Additions 100
At 31st October 2024 101
NET BOOK VALUE
At 31st October 2024 101
At 31st October 2023 1


The company's investments at the Balance Sheet date in the share capital of companies include the following:

Windmill Homes (Yorkshire) Ltd
Registered office: Unit 5a Construction Way Barkston Road, Carlton Industrial Estate, Barnsley, United Kingdom, S71 3HU
Nature of business: Construction of buildings
%
Class of shares: holding
Ordinary 100.00

Contract Building & Roofing Limited
Registered office: Unit 4-5 Construction Way, Barkston Road, Carlton Industrial Estate, Barnsley, South Yorkshire, S71 3HU
Nature of business: Roofing contractors
%
Class of shares: holding
Ordinary 100.00

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 736,277
Additions 9,770
Revaluations 34,184
At 31st October 2024 780,231
NET BOOK VALUE
At 31st October 2024 780,231
At 31st October 2023 736,277

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2020 114,748
Valuation in 2021 195,000
Valuation in 2024 34,184
Cost 436,299
780,231

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 421,068 421,068

Investment properties were valued on an open market value basis on 3rd February 2021 by Brownhill Vickers .

7. STOCKS
2024 2023
£    £   
Work-in-progress 60,877 -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,492 75,546
Amounts owed by group undertakings - 345,000
Other debtors - 17,633
Prepayments & accrued income 59,550 37,350
138,042 475,529

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 950
Trade creditors 1,127 -
Amounts owed to group undertakings 89,850 -
Tax 1,259 30,745
VAT 17,506 23,703
Other creditors 174,835 140,000
Directors' current accounts 4,126 141,374
Accrued expenses 8,785 8,085
297,488 344,857

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 11) - 325,000

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 325,000

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 86,361 77,370

Deferred
tax
£   
Balance at 1st November 2023 77,370
Provided during year 8,991
Balance at 31st October 2024 86,361

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 100 2

PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

14. RESERVES
Fair
value
reserve
£   
At 1st November 2023 234,098
Transfer between reserves 34,184
Deferred tax transfer (8,546 )

At 31st October 2024 259,736

15. RELATED PARTY DISCLOSURES

The company owed £82,335 to Contract Building & Roofing Ltd (2023 - £17,633 debtor) at the balance sheet date from inter company lending.

16. ULTIMATE CONTROLLING PARTY

The controlling party is D Chambers.