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REGISTERED NUMBER: 04399759 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PARK HOUSE (WESTON-SUPER-MARE) LIMITED

PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARK HOUSE (WESTON-SUPER-MARE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: A Larkin





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT





REGISTERED NUMBER: 04399759 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 2,922,584 2,653,078

CURRENT ASSETS
Stocks 3,750 3,200
Debtors 6 135,340 8,054
Cash at bank and in hand 81,295 37,359
220,385 48,613
CREDITORS
Amounts falling due within one year 7 802,809 553,612
NET CURRENT LIABILITIES (582,424 ) (504,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,340,160

2,148,079

CREDITORS
Amounts falling due after more than one
year

8

(891,235

)

(706,640

)

PROVISIONS FOR LIABILITIES (14,578 ) (14,578 )
NET ASSETS 1,434,347 1,426,861

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 1,320,111 1,320,111
Retained earnings 114,136 106,650
1,434,347 1,426,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 29 July 2025 and were signed by:





A Larkin - Director


PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Park House (Weston-Super-Mare) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Improvements to property - Straight line over 50 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance and not provided

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.


PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 36 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 April 2024 1,663,245 1,220,354 343,646
Additions - 142,772 9,593
Disposals - - -
At 31 March 2025 1,663,245 1,363,126 353,239
DEPRECIATION
At 1 April 2024 116,667 266,933 302,805
Charge for year - 27,262 12,609
Eliminated on disposal (116,667 ) - -
At 31 March 2025 - 294,195 315,414
NET BOOK VALUE
At 31 March 2025 1,663,245 1,068,931 37,825
At 31 March 2024 1,546,578 953,421 40,841

PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 110,629 81,038 3,418,912
Additions 153,784 5,024 311,173
Disposals (110,629 ) - (110,629 )
At 31 March 2025 153,784 86,062 3,619,456
DEPRECIATION
At 1 April 2024 43,028 36,401 765,834
Charge for year 38,447 12,415 90,733
Eliminated on disposal (43,028 ) - (159,695 )
At 31 March 2025 38,447 48,816 696,872
NET BOOK VALUE
At 31 March 2025 115,337 37,246 2,922,584
At 31 March 2024 67,601 44,637 2,653,078

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 9,155 2,374
Amounts owed by group undertakings 105,000 -
Other debtors 21,185 5,680
135,340 8,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 110,463 109,443
Trade creditors 38,974 73,610
Amounts owed to group undertakings 489,327 299,931
Taxation and social security 45,120 13,197
Other creditors 118,925 57,431
802,809 553,612

The bank loan is secured by a first legal charge over the property, together with a fixed and floating charge the assets of the company

The aggregate amount of secured debt is £94,000 (2024 - £90,817)

PARK HOUSE (WESTON-SUPER-MARE) LIMITED (REGISTERED NUMBER: 04399759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 891,235 706,640

The bank loan is secured by a first legal charge over the property, together with a fixed and floating charge over the assets of the company.

The aggregate amount of secured debt is £895,712 (2024 - £741,580)

Included within creditors: amounts falling due after more than one year is an amount of £801,712 (2024: £650,763) in respect of liabilities payable by instalments which fall due for payment after more than five years from the reporting date.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 1,320,111

10. ULTIMATE CONTROLLING PARTY

Larkhouse Investments Limited is the ultimate parent company of Park House (Weston-super-Mare) Limited. The registered office address of this company is Kingfisher House, 11 Hoffmanns Way, Chelmsford, Essex CM1 1GU. The balance due from Larkhouse Investments Limited as at 31 March 2025 was £489,327 (2024: £199,931).