Parkhouse Engineering Group Ltd 07462984 false 2023-10-05 2024-10-04 2024-10-04 The principal activity of the company is that if a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true true 07462984 2023-10-05 2024-10-04 07462984 2024-10-04 07462984 core:CurrentFinancialInstruments 2024-10-04 07462984 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-04 07462984 bus:SmallEntities 2023-10-05 2024-10-04 07462984 bus:AuditExemptWithAccountantsReport 2023-10-05 2024-10-04 07462984 bus:FullAccounts 2023-10-05 2024-10-04 07462984 bus:SmallCompaniesRegimeForAccounts 2023-10-05 2024-10-04 07462984 bus:RegisteredOffice 2023-10-05 2024-10-04 07462984 bus:Director1 2023-10-05 2024-10-04 07462984 bus:PrivateLimitedCompanyLtd 2023-10-05 2024-10-04 07462984 1 2023-10-05 2024-10-04 07462984 1 2023-10-05 2024-10-04 07462984 countries:EnglandWales 2023-10-05 2024-10-04 07462984 core:CostValuation 2023-10-04 07462984 2022-10-05 2023-10-04 07462984 2023-10-04 07462984 core:CurrentFinancialInstruments 2023-10-04 07462984 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-04 iso4217:GBP xbrli:pure

Registration number: 07462984

Parkhouse Engineering Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 4 October 2024

 

Parkhouse Engineering Group Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Parkhouse Engineering Group Ltd

(Registration number: 07462984)
Balance Sheet as at 4 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

703,500

703,500

Current assets

 

Debtors

5

47,591

27,591

Cash at bank and in hand

 

561

61

 

48,152

27,652

Creditors: Amounts falling due within one year

6

(745,320)

(724,820)

Net current liabilities

 

(697,168)

(697,168)

Net assets

 

6,332

6,332

Capital and reserves

 

Called up share capital

400

400

Retained earnings

5,932

5,932

Shareholders' funds

 

6,332

6,332

For the financial year ending 4 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

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 Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr P Bromley
Director

 

Parkhouse Engineering Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 4 October 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:
Newfield Works
High Street
Sandyford
Stoke-on-Trent
Staffordshire
ST6 5PQ

These financial statements were authorised for issue by the Board on 26 June 2025.

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.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

 

Parkhouse Engineering Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 4 October 2024

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Parkhouse Engineering Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 4 October 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

703,500

703,500

Subsidiaries

£

Cost or valuation

At 5 October 2023

703,500

Provision

Carrying amount

At 4 October 2024

703,500

At 4 October 2023

703,500

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

7

47,591

27,591

   

47,591

27,591

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

745,320

724,820

7

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

 

Parkhouse Engineering Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 4 October 2024

8

Parent and ultimate parent undertaking

The company's immediate parent is MPR Parkhouse Limited, incorporated in England and Wales.

 

9

Non adjusting events after the financial period

There were no material events up to the date of approval of the financial statements by the board.