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REGISTERED NUMBER: 02520851 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Parkheights Limited

Parkheights Limited (Registered number: 02520851)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkheights Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs B Guttentag
A Guttentag





SECRETARY: Mrs B Guttentag





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 02520851 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Parkheights Limited (Registered number: 02520851)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 107 142

CURRENT ASSETS
Stocks 5 263,700 263,700
Debtors 6 - 160,500
Cash at bank 342,717 103,816
606,417 528,016
CREDITORS
Amounts falling due within one year 7 204,918 191,901
NET CURRENT ASSETS 401,499 336,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,606

336,257

CREDITORS
Amounts falling due after more than one year 8 34,000 34,000
NET ASSETS 367,606 302,257

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 367,506 302,157
SHAREHOLDERS' FUNDS 367,606 302,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Parkheights Limited (Registered number: 02520851)

Balance Sheet - continued
31 July 2024


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

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 31 March 2025 and were signed on its behalf by:





A Guttentag - Director


Parkheights Limited (Registered number: 02520851)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Parkheights Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - @ 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Parkheights Limited (Registered number: 02520851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 August 2023
and 31 July 2024 798
DEPRECIATION
At 1 August 2023 656
Charge for year 35
At 31 July 2024 691
NET BOOK VALUE
At 31 July 2024 107
At 31 July 2023 142

5. STOCKS
31.7.24 31.7.23
£ £
Stock of properties 263,700 263,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Other debtors - 160,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Tax 18,472 12,548
Other creditors 3,430 3,430
Directors' current accounts 178,943 172,169
Accrued expenses 4,073 3,754
204,918 191,901

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£ £
Tenants Deposits 34,000 34,000

Parkheights Limited (Registered number: 02520851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £ £
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£

At 1 August 2023 302,157
Profit for the year 65,349
At 31 July 2024 367,506