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COMPANY REGISTRATION NUMBER: 11460200
Park and Charge Limited
Filleted Unaudited Financial Statements
31 July 2024
Park and Charge Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Current assets
Debtors
4
51
34
Cash at bank and in hand
8
8
----
----
59
42
Creditors: amounts falling due within one year
5
1,076
961
-------
----
Net current liabilities
1,017
919
-------
----
Total assets less current liabilities
( 1,017)
( 919)
Creditors: amounts falling due after more than one year
6
1,970
1,880
-------
-------
Net liabilities
( 2,987)
( 2,799)
-------
-------
Capital and reserves
Called up share capital
500
500
Profit and loss account
( 3,487)
( 3,299)
-------
-------
Shareholders deficit
( 2,987)
( 2,799)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Mr G Manchester
Director
Company registration number: 11460200
Park and Charge Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, RH17 7QX, West Sussex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Other debtors
51
34
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
708
593
Other creditors
368
368
-------
----
1,076
961
-------
----
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,970
1,880
-------
-------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
Mr G Manchester
368
368
----
----
8. Related party transactions
The company mentioned in Note 6 is AMV Worldwide Limited. Graham Manchester is the sole director and shareholder of AMV Worldwide Limited.