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Registered number: 14049247
Park Avenue Homes (CS) Ltd
Financial Statements
For The Year Ended 30 April 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14049247
30 April 2024 30 April 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 700,312 690,626
Debtors 5 - 2,933
Cash at bank and in hand 83 -
700,395 693,559
Creditors: Amounts Falling Due Within One Year 6 (72,777 ) (219,607 )
NET CURRENT ASSETS (LIABILITIES) 627,618 473,952
TOTAL ASSETS LESS CURRENT LIABILITIES 627,618 473,952
Creditors: Amounts Falling Due After More Than One Year 7 (736,283 ) (513,775 )
NET LIABILITIES (108,665 ) (39,823 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (108,765 ) (39,923 )
SHAREHOLDERS' FUNDS (108,665) (39,823)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Chaudry
Director
23/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Park Avenue Homes (CS) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14049247 . The registered office is 34 Prince Road, South Norwood, London, SE25 6NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
30 April 2024 30 April 2023
£ £
Stock 700,312 690,626
5. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Amounts owed by group undertakings - 2,933
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors - 1
Amounts owed to group undertakings 67,973 216,400
Other creditors 4,804 3,206
72,777 219,607
7. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 30 April 2023
£ £
Net obligations under finance lease and hire purchase contracts 736,283 513,775
8. Obligations Under Finance Leases and Hire Purchase
30 April 2024 30 April 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 736,283 513,775
9. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4