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REGISTERED NUMBER: 12359823 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PARK MEAD HARLOW LTD

PARK MEAD HARLOW LTD (REGISTERED NUMBER: 12359823)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PARK MEAD HARLOW LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: Mr O R Gray
Mr P M Taylor





REGISTERED OFFICE: Netherall Farm
Netherhall Road
Roydon
Essex
CM19 5JP





REGISTERED NUMBER: 12359823 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

PARK MEAD HARLOW LTD (REGISTERED NUMBER: 12359823)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Stocks 842,984 805,850
Debtors 408,599 86,656
Cash at bank and in hand 7,825 4,040
1,259,408 896,546
CREDITORS
Amounts falling due within one year 636,060 887,537
NET CURRENT ASSETS 623,348 9,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,448

9,109

CREDITORS
Amounts falling due after more than one
year

5

710,925

28,189
NET LIABILITIES (87,477 ) (19,080 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (87,577 ) (19,180 )
(87,477 ) (19,080 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARK MEAD HARLOW LTD (REGISTERED NUMBER: 12359823)

ABRIDGED BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr O R Gray - Director


PARK MEAD HARLOW LTD (REGISTERED NUMBER: 12359823)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Park Mead Harlow Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred relating to site developments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

PARK MEAD HARLOW LTD (REGISTERED NUMBER: 12359823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Income from joint ventures
Income from joint venture, comprises net rents receivable, which is recognised in the period which it is earned. Amounts invoiced in excess of the amounts earned during the period are recognised as deferred income in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Mortgage and loans 684,435 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages and loans 684,435 -

Secured debt comprises mortgages and loans, which are secured over the property and assets held by the company.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £331,943 (2023: £40,895) by Taylor Gray Holdings Limited and £2,000 (2023: £nil) by OMG Development Limited. At the previous balance sheet date, the company was owed £56,333 by OMG Property Lets Limited. The company also owed £617,700 (2023: £846,223) to Yield Property Services Limited and Yield Financial Limited. All the aforementioned companies, are companies in which, the directors and joint shareholders of Park Mead Harlow Limited have majority control.

At the balance sheet date, the company owed £1,000 (2023: £1,000) to a director and was owed £45,464 (2023: £nil) by a director.

During the year, the company paid interest of £69,756 (2023: £58,246) to Yield Property Services Limited, and rent share of £11,964 (2023: £34,500) to OMG Property Lets Limited.