0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 17,678 2,981 1,018 21,677 21,677 17,678 xbrli:pure xbrli:shares iso4217:GBP SC541202 2023-07-01 2024-06-30 SC541202 2024-06-30 SC541202 2023-06-30 SC541202 2022-07-01 2023-06-30 SC541202 2023-06-30 SC541202 2022-06-30 SC541202 bus:RegisteredOffice 2023-07-01 2024-06-30 SC541202 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 SC541202 bus:Director1 2023-07-01 2024-06-30 SC541202 bus:Director2 2023-07-01 2024-06-30 SC541202 core:WithinOneYear 2024-06-30 SC541202 core:WithinOneYear 2023-06-30 SC541202 core:ShareCapital 2024-06-30 SC541202 core:ShareCapital 2023-06-30 SC541202 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC541202 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC541202 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 SC541202 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 SC541202 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 SC541202 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 SC541202 core:Non-currentFinancialInstruments 2024-06-30 SC541202 core:Non-currentFinancialInstruments 2023-06-30 SC541202 bus:SmallEntities 2023-07-01 2024-06-30 SC541202 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC541202 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC541202 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC541202 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: SC541202
PARK COURT INVESTMENTS (UK) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
PARK COURT INVESTMENTS (UK) LTD
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
PARK COURT INVESTMENTS (UK) LTD
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Ryan Dick
Linda Carrapiett
Registered office
26-30 Marine Place
Buckie
Moray
AB56 1UT
Accountants
Ritsons
Chartered Accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
PARK COURT INVESTMENTS (UK) LTD
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
FIXED ASSETS
Investments
4
21,677
17,678
CURRENT ASSETS
Cash at bank and in hand
538
282
CREDITORS: amounts falling due within one year
5
21,894
19,502
--------
--------
NET CURRENT LIABILITIES
21,356
19,220
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
321
( 1,542)
----
-------
NET ASSETS/(LIABILITIES)
321
( 1,542)
----
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
221
( 1,642)
----
-------
SHAREHOLDERS FUNDS/(DEFICIT)
321
( 1,542)
----
-------
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 income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 2 March 2025 , and are signed on behalf of the board by:
Ryan Dick
Director
Company registration number: SC541202
PARK COURT INVESTMENTS (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 26-30 Marine Place, Buckie, Moray, AB56 1UT.
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' and the Companies Act 2006.
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.
Going concern
Despite the deficit position, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence in the foreseeable future.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023
17,678
Additions
2,981
Revaluations
1,018
--------
At 30 June 2024
21,677
--------
Impairment
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
21,677
--------
At 30 June 2023
17,678
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
21,894
19,502
--------
--------
6. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
21,677
17,678
--------
--------
7. Related party transactions
As at 30 June 2024 the company owed the directors £21,544 (2023: £19,052) by way of a director's loan account.