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Registration number: 09435175

Parkside House Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Parkside House Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Parkside House Limited

(Registration number: 09435175)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,000,000

3,000,000

Current assets

 

Debtors

5

342,614

220,921

Cash at bank and in hand

 

878

33,452

 

343,492

254,373

Creditors: Amounts falling due within one year

6

(125,835)

(109,217)

Net current assets

 

217,657

145,156

Total assets less current liabilities

 

3,217,657

3,145,156

Provisions for liabilities

(733,755)

(733,755)

Net assets

 

2,483,902

2,411,401

Capital and reserves

 

Called up share capital

3,986,371

3,986,371

Other reserves

315,537

315,537

Retained earnings

(1,818,006)

(1,890,507)

Shareholders' funds

 

2,483,902

2,411,401

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Parkside House Limited

(Registration number: 09435175)
Balance Sheet as at 30 April 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 April 2025
 

.........................................
F Gianfrancesco
Director

 

Parkside House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31a Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Not provided

 

Parkside House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

3,000,000

3,000,000

At 30 April 2024

3,000,000

3,000,000

Depreciation

Carrying amount

At 30 April 2024

3,000,000

3,000,000

At 30 April 2023

3,000,000

3,000,000

Included within the net book value of land and buildings above is £3,000,000 (2023 - £3,000,000) in respect of freehold land and buildings.
 

The properties were revalued last year. The directors have much experience of the property market. A professional valuation was not carried out at this time.

 

 

Parkside House Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

2024
£

2023
£

Trade debtors

8,333

-

Other debtors

334,281

220,921

342,614

220,921

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

480

Taxation and social security

23,589

20,364

Other creditors

102,246

88,373

125,835

109,217

7

Related party transactions

Related party transactions

At the balance sheet date the amount due from companies related by common control was £334,280 (2023: £220,920).