Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13350588 2023-07-01 2024-06-30 13350588 2022-07-01 2023-06-30 13350588 2024-06-30 13350588 2023-06-30 13350588 c:Director1 2023-07-01 2024-06-30 13350588 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 13350588 d:FreeholdInvestmentProperty 2024-06-30 13350588 d:CurrentFinancialInstruments 2024-06-30 13350588 d:CurrentFinancialInstruments 2023-06-30 13350588 d:Non-currentFinancialInstruments 2024-06-30 13350588 d:Non-currentFinancialInstruments 2023-06-30 13350588 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13350588 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13350588 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 13350588 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 13350588 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 13350588 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 13350588 d:ShareCapital 2024-06-30 13350588 d:ShareCapital 2023-06-30 13350588 d:RetainedEarningsAccumulatedLosses 2024-06-30 13350588 d:RetainedEarningsAccumulatedLosses 2023-06-30 13350588 c:FRS102 2023-07-01 2024-06-30 13350588 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13350588 c:FullAccounts 2023-07-01 2024-06-30 13350588 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13350588 2 2023-07-01 2024-06-30 13350588 6 2023-07-01 2024-06-30 13350588 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 13350588









NEW PARKGATE LIMITED







 
 
UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
NEW PARKGATE LIMITED
REGISTERED NUMBER: 13350588

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Fixed asset investments
  
313,893
271,928

Investment property
  
750,000
1,100,000

  
1,063,893
1,371,928

Current assets
  

Debtors: amounts falling due within one year
 6 
5,444,182
6,141,481

Cash at bank and in hand
 7 
412,887
3,965

  
5,857,069
6,145,446

Creditors: amounts falling due within one year
 8 
(1,359,084)
(1,369,783)

Net current assets
  
 
 
4,497,985
 
 
4,775,663

Total assets less current liabilities
  
5,561,878
6,147,591

Creditors: amounts falling due after more than one year
 9 
(497,986)
-

  

Net assets
  
5,063,892
6,147,591


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
5,063,692
6,147,391

  
5,063,892
6,147,591


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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 17 March 2025.

Page 1

 
NEW PARKGATE LIMITED
REGISTERED NUMBER: 13350588
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


A Thrasyvoulou
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NEW PARKGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

New Parkgate Limited is a private company limited by shares and registered in the United Kingdom. The address of its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS.

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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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:

Rental Income 
Properties are leased to tenants under operating leases with each years rent detailed in the terms of the lease. Tenants are invoiced on a straight-line basis over the year with the total yearly rent agreeing to the lease. The rental income receivable is recognised through the profit or loss in the relevant accounting period to the monthly invoices. Rental income is measured at the fair value of consideration.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
NEW PARKGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in exchange traded funds are measured at fair value. Changes in fair value are recognised through profit or loss. Fair value is estimated by using quoted exchange traded fund prices.
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised through profit or loss.
Investments in gold are measured at fair value. Changes in fair value are recognised through profit or loss. Fair value is estimated by using market commodity prices.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 period was 1 (2023 - 1).

Page 4

 
NEW PARKGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Fixed asset investments





Investments in subsidiary companies
Investment property- leasehold interest
Other fixed asset investments
Total

£
£
£
£



Cost or valuation


At 1 July 2023
100
75,000
196,828
271,928


Revaluations
-
-
41,965
41,965



At 30 June 2024
100
75,000
238,793
313,893





5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,100,000


Disposals
(350,000)



At 30 June 2024
750,000

The 2024 valuations were made by the director, on an open market value for existing use basis.






Page 5

 
NEW PARKGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
4,757
5,720

Other debtors
5,376,486
6,131,525

Prepayments and accrued income
11,313
4,236

Tax recoverable
51,626
-

5,444,182
6,141,481



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
412,887
3,965

412,887
3,965



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,500
5,625

Corporation tax
51,626
-

Other taxation and social security
67,456
6,101

Other creditors
1,150,377
1,286,810

Accruals and deferred income
82,125
71,247

1,359,084
1,369,783



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
497,986
-

497,986
-


Page 6

 
NEW PARKGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
497,986
-


497,986
-


497,986
-


The Allica bank loan is secured by a charge over Clutha House, 120 Cornwall Road. The Mortgage is interest only over 60 months from May 2024. Interest is fixed at 8% and is payable monthly. 

Page 7

 
NEW PARKGATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

11.


Related party transactions

Other debtors and creditors balances include amounts owed by and owed to companies in which A
Thrasyvoulou is either a director or has a significant influence on the general running of the business.
At the balance sheet date the company was owed £344,746 (2023: £549,078) by the director of the company. Interest of £9,793 (2023: £5,141) was charged on this balance. A dividend totalling £235,000 (2023: £Nil) was declared to the director on 31 March 2024.
At the reporting date, the company owed £963,284 (2023: £1,104,074) to Calhurst Limited, an entity under common control. During the year interest of £111,315 (2023: £111,315) was charged by Calhurst Limited to the company 
At the reporting date the following amounts were owed to/ by the company:


2024
2023
£
£

Debtors


New World Hospitality UK Limited
3,458,013
3,653,502

My Bright Limited
99,637
99,637

My Limited
-
869,622

Calhurst Limited (on Panzer wind up)
939,376
939,376

Ahamvastu Limited
7,995
-

Arisco Properties Limited
394
-

Prostoparon Limited
557
-

4,505,972
5,562,137

Creditors


Airminster Limited
132,000
132,000

Calhurst Limited
963,284
1,104,074

Roundlodge Limited
37,782
24,110

Panzer Properties Limited
-
10,968

Calhurst Trust
10,000
10,000

1,143,066
1,281,152


12.


Controlling party

The company is under the control of Mr A Thrasyvoulou, the director of the company.

 
Page 8