Company registration number 13978620 (England and Wales)
PARKSAFE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
PARKSAFE HOLDINGS LIMITED
COMPANY INFORMATION
Directors
M Barber
L Barber
P Oughton
J Barber
(Appointed 24 June 2024)
Secretary
J Barber
Company number
13978620
Registered office
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
Accountants
Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
PARKSAFE HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
PARKSAFE HOLDINGS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PARKSAFE HOLDINGS LIMITED FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parksafe Holdings Limited for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Parksafe Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Parksafe Holdings Limited and state those matters that we have agreed to state to the board of directors of Parksafe Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parksafe Holdings Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Parksafe Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parksafe Holdings Limited. You consider that Parksafe Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parksafe Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
18 February 2025
PARKSAFE HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
1,518,313
1,518,313
Current assets
Debtors
3
-
0
1,602
Cash at bank and in hand
88,157
11,419
88,157
13,021
Creditors: amounts falling due within one year
4
(1,332,001)
(1,506,950)
Net current liabilities
(1,243,844)
(1,493,929)
Net assets
274,469
24,384
Capital and reserves
Called up share capital
5
100
100
Share premium account
24,900
24,900
Profit and loss reserves
249,469
(616)
Total equity
274,469
24,384

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 February 2025 and are signed on its behalf by:
M Barber
Director
Company registration number 13978620 (England and Wales)
PARKSAFE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Parksafe Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.

1.1
Reporting period

The previous accounting period was extended to cover 15 months in order for the accounting reference date to be consistent with other companies within the group. As such, the prior period results are not entirely comparable given the periods covered are of differing lengths.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

                        

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
0
1,602
PARKSAFE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
587,160
437,109
Other creditors
744,841
1,069,841
1,332,001
1,506,950
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
6
Events after the reporting date

After the balance sheet date the following dividends have been voted;

 

£33,750 on ordinary A £1 shares.

£33,750 on ordinary B £1 shares.

£36,000 on ordinary C £1 shares.

£36,000 on ordinary D £1 shares.

7
Directors' transactions

Directors of the company

 

At the balance sheet date amounts owed to the directors via interest free loans was £79,000 (2023 - £112,000).

2024-06-302023-07-01falsefalsefalse18 February 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityM BarberL BarberP OughtonJ BarberJ Barber139786202023-07-012024-06-3013978620bus:Director12023-07-012024-06-3013978620bus:Director22023-07-012024-06-3013978620bus:Director32023-07-012024-06-3013978620bus:CompanySecretaryDirector12023-07-012024-06-3013978620bus:CompanySecretary12023-07-012024-06-3013978620bus:Director42023-07-012024-06-3013978620bus:RegisteredOffice2023-07-012024-06-30139786202024-06-30139786202023-06-3013978620core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3013978620core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3013978620core:CurrentFinancialInstruments2024-06-3013978620core:CurrentFinancialInstruments2023-06-3013978620core:ShareCapital2024-06-3013978620core:ShareCapital2023-06-3013978620core:SharePremium2024-06-3013978620core:SharePremium2023-06-3013978620core:RetainedEarningsAccumulatedLosses2024-06-3013978620core:RetainedEarningsAccumulatedLosses2023-06-30139786202022-03-152023-06-3013978620core:WithinOneYear2024-06-3013978620core:WithinOneYear2023-06-3013978620bus:PrivateLimitedCompanyLtd2023-07-012024-06-3013978620bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013978620bus:FRS1022023-07-012024-06-3013978620bus:AuditExemptWithAccountantsReport2023-07-012024-06-3013978620bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP