25 June 2023 false No description of principal activity Taxfiler 2024.6 02603083business:CompanyLimitedByGuarantee2023-06-252024-06-24 026030832023-06-24 026030832023-06-252024-06-24 02603083business:AuditExemptWithAccountantsReport2023-06-252024-06-24 02603083business:FilletedAccounts2023-06-252024-06-24 026030832024-06-24 02603083business:Director12023-06-252024-06-24 02603083business:Director22023-06-252024-06-24 02603083business:Director32023-06-252024-06-24 02603083business:Director42023-06-252024-06-24 02603083business:Director52023-06-252024-06-24 02603083business:Director62023-06-252024-06-24 02603083business:CompanySecretary12023-06-252024-06-24 02603083business:RegisteredOffice2023-06-252024-06-24 026030832023-06-24 02603083core:WithinOneYear2024-06-24 02603083core:WithinOneYear2023-06-24 02603083core:CapitalContributionReservecore:PreviouslyStatedAmount2024-06-24 02603083core:CapitalContributionReservecore:PreviouslyStatedAmount2023-06-24 02603083core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-24 02603083core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-24 02603083core:PreviouslyStatedAmount2024-06-24 02603083core:PreviouslyStatedAmount2023-06-24 02603083business:SmallEntities2023-06-252024-06-24 02603083countries:EnglandWales2023-06-252024-06-24 026030832022-06-252023-06-24 iso4217:GBP xbrli:pure
Company Registration No. 02603083 (England and Wales)
Park Studios Limited Unaudited accounts for the year ended 24 June 2024
Park Studios Limited Unaudited accounts Contents
Page
- 2 -
Park Studios Limited Company Information for the year ended 24 June 2024
Directors
Vanessa Robyn Benson Michael Jeremy Pugh Oona Grimes Patricia Frances Hans Thomas Henry Lumley Rebecca Margaret Salter
Secretary
Oona Grimes
Company Number
02603083 (England and Wales)
Registered Office
Park Studios 34 Scarborough Road Stroud Green London N4 4LT United Kingdom
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Park Studios Limited for the year ended 24 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Park Studios Limited for the year ended 24 June 2024 as set out on pages 5 - 6 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of Park Studios Limited , as a body, in accordance with the terms of our engagement letter dated 22 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Park Studios Limited and state those matters that we have agreed to state to the Board of Directors of Park Studios Limited , as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Park Studios Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Park Studios Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Park Studios Limited . You consider that Park Studios 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 accounts of Park Studios 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 accounts.
Charterwells Chartered Accountants Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE 7 March 2025
- 4 -
Park Studios Limited Statement of financial position as at 24 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,489 
4,624 
Cash at bank and in hand
49,794 
33,165 
51,283 
37,789 
Creditors: amounts falling due within one year
(5,953)
(2,159)
Net current assets
45,330 
35,630 
Net assets
45,330 
35,630 
Reserves
Capital contribution reserve
45,332 
35,632 
Profit and loss account
(2)
(2)
Members' funds
45,330 
35,630 
For the year ending 24 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by
Vanessa Robyn Benson Director Company Registration No. 02603083
- 5 -
Park Studios Limited Notes to the Accounts for the year ended 24 June 2024
1
Statutory information
Park Studios Limited is a private company, limited by guarantee, registered in England and Wales, registration number 02603083. The registered office is Park Studios, 34 Scarborough Road, Stroud Green, London, N4 4LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,489 
4,624 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,038 
1,589 
Other creditors
2,195 
- 
Accruals
720 
570 
5,953 
2,159 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Contingent liabilities
The Capital contribution reserve consists of a contingency reserve fund representing the accumulated provision for the potential repair and maintenance of the properties occupied by tenants. The fund further provides a provision to absorb expenses that will not, in the opinion of the directors, be recovered from service charges made to tenants.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -