Caseware UK (AP4) 2023.0.135 2023.0.135 12023-07-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04420977 2023-07-01 2024-06-30 04420977 2022-07-01 2023-06-30 04420977 2024-06-30 04420977 2023-06-30 04420977 c:Director1 2023-07-01 2024-06-30 04420977 d:FurnitureFittings 2023-07-01 2024-06-30 04420977 d:FurnitureFittings 2024-06-30 04420977 d:FurnitureFittings 2023-06-30 04420977 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04420977 d:OfficeEquipment 2023-07-01 2024-06-30 04420977 d:OfficeEquipment 2024-06-30 04420977 d:OfficeEquipment 2023-06-30 04420977 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04420977 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04420977 d:CurrentFinancialInstruments 2024-06-30 04420977 d:CurrentFinancialInstruments 2023-06-30 04420977 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04420977 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04420977 d:ShareCapital 2024-06-30 04420977 d:ShareCapital 2023-06-30 04420977 d:RetainedEarningsAccumulatedLosses 2024-06-30 04420977 d:RetainedEarningsAccumulatedLosses 2023-06-30 04420977 c:FRS102 2023-07-01 2024-06-30 04420977 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04420977 c:FullAccounts 2023-07-01 2024-06-30 04420977 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04420977 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 04420977









PICCADILLY PARKING LIMITED







Unaudited

Financial statements

Information for filing with the registrar

for the year ended 30 June 2024

 
PICCADILLY PARKING LIMITED
Registered number: 04420977

Balance sheet
as at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,347
1,584

  
1,347
1,584

Current assets
  

Debtors: amounts falling due within one year
 5 
2,059
2,165

Cash at bank and in hand
 6 
443,676
388,243

  
445,735
390,408

Creditors: amounts falling due within one year
 7 
(174,979)
(124,352)

Net current assets
  
 
 
270,756
 
 
266,056

Total assets less current liabilities
  
272,103
267,640

  

Net assets
  
272,103
267,640


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
271,903
267,440

  
272,103
267,640


Page 1

 
PICCADILLY PARKING LIMITED
Registered number: 04420977
    
Balance sheet (continued)
as at 30 June 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2025.




Sarwar Ali
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PICCADILLY PARKING LIMITED
 
 
 
Notes to the financial statements
for the year ended 30 June 2024

1.


General information

Piccadilly Parking Limited (company number 04420977) is a private company limited by shares, registered in England and Wales. Its registered office is at 1 Honey Street/ Red Bank, Manchester, M8 8RG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
PICCADILLY PARKING LIMITED
 
 
 
Notes to the financial statements
for the year ended 30 June 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing balance
Office equipment
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PICCADILLY PARKING LIMITED
 
 
 
Notes to the financial statements
for the year ended 30 June 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
17,895
2,754
20,649



At 30 June 2024

17,895
2,754
20,649



Depreciation


At 1 July 2023
16,701
2,364
19,065


Charge for the year on owned assets
179
58
237



At 30 June 2024

16,880
2,422
19,302



Net book value



At 30 June 2024
1,015
332
1,347



At 30 June 2023
1,194
390
1,584


5.


Debtors

2024
2023
£
£


Trade debtors
2,059
165

Other debtors
-
2,000
Page 5

 
PICCADILLY PARKING LIMITED
 
 
 
Notes to the financial statements
for the year ended 30 June 2024

5.Debtors (continued)


2,059
2,165



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
443,676
388,243

443,676
388,243



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
18,021
9,923

Other taxation and social security
3,528
1,029

Other creditors
152,390
112,390

Accruals and deferred income
1,040
1,010

174,979
124,352



8.


Related party transactions

At 30 June 2024 company owed £150,102 to the directors (2023: £110,102). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.
Included within other debtors is a loan in the amount of £0 (2023: £2,000) due from Piccadilly Parking (SB) Limited, a company registered in England and Wales. The company is wholly owned by the directors Sarwar Ali and Parveen Sarwar Ali.
During the year the company paid rent to SAS Property (MCR) Limited of £17,000 (2023: £16,000).  The company is wholly owned by the directors Sarwar Ali and Parveen Sarwar Ali.

 
Page 6