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REGISTERED NUMBER: 08575433 (England and Wales)















PARC PLAY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024






PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARC PLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr T O Gardener





REGISTERED OFFICE: 4 Curran Embankment
Cardiff
CF10 5DX





REGISTERED NUMBER: 08575433 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 156,718 171,640
Tangible assets 5 28,124 46,690
184,842 218,330

CURRENT ASSETS
Stocks 7,000 11,500
Debtors 6 30,073 27,393
Cash at bank and in hand 50,990 71,444
88,063 110,337
CREDITORS
Amounts falling due within one year 7 43,532 48,012
NET CURRENT ASSETS 44,531 62,325
TOTAL ASSETS LESS CURRENT LIABILITIES 229,373 280,655

CREDITORS
Amounts falling due after more than one year 8 (303,223 ) (310,985 )

PROVISIONS FOR LIABILITIES 9 (3,664 ) (5,849 )
NET LIABILITIES (77,514 ) (36,179 )

CAPITAL AND RESERVES
Called up share capital 70 70
Retained earnings (77,584 ) (36,249 )
SHAREHOLDERS' FUNDS (77,514 ) (36,179 )

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

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

The director acknowledges his 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.

PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2025 and were signed by:





Mr T O Gardener - Director


PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Parc Play 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% straight line on cost
Plant and machinery - 10% straight line on cost
Fixtures and fittings - 10% straight line on cost
Motor vehicles - 5% straight line on cost

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 298,481
AMORTISATION
At 1st October 2023 126,841
Amortisation for year 14,922
At 30th September 2024 141,763
NET BOOK VALUE
At 30th September 2024 156,718
At 30th September 2023 171,640

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 90,387 73,694 28,654 20,082 212,817
Additions - 130 1,687 - 1,817
At 30th September 2024 90,387 73,824 30,341 20,082 214,634
DEPRECIATION
At 1st October 2023 74,465 59,303 15,037 17,322 166,127
Charge for year 9,038 7,383 2,958 1,004 20,383
At 30th September 2024 83,503 66,686 17,995 18,326 186,510
NET BOOK VALUE
At 30th September 2024 6,884 7,138 12,346 1,756 28,124
At 30th September 2023 15,922 14,391 13,617 2,760 46,690

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 776
Other debtors 30,073 26,617
30,073 27,393

PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,860 2,500
Trade creditors 3,293 4,446
Taxation and social security 13,664 21,921
Other creditors 19,715 19,145
43,532 48,012

Included in other creditors due within one year is a bank loan. The loan was taken out in May 2021 and is repayable over 10 years.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 35,413 43,077
Other creditors 267,810 267,908
303,223 310,985

Included in other creditors due within one year is a bank loan. The loan was taken out in May 2021 and is repayable over 10 years.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,664 5,849

Deferred
tax
£   
Balance at 1st October 2023 5,849
Provided during year (2,185 )
Balance at 30th September 2024 3,664

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
Mr T O Gardener
Balance outstanding at start of year (47,881 ) (50,266 )
Amounts advanced 2,703 2,385
Amounts repaid - 2,385
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45,178 ) (47,881 )

PARC PLAY LIMITED (REGISTERED NUMBER: 08575433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed a loan of £228,929 to a close family member (2023 - £228,929). The loan provided by the close family member is a long term loan and has no set repayment period.

The Director is owed a loan of £43,871 at the balance sheet date (2023 - £47,881), with no set repayment period.