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REGISTERED NUMBER: 03412786 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Parkwaters Limited

Parkwaters Limited (Registered number: 03412786)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkwaters Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr J C Kachela





SECRETARY: Mrs J J Kachela





REGISTERED OFFICE: 61 Chamberlayne Road
London
NW10 3ND





REGISTERED NUMBER: 03412786 (England and Wales)





ACCOUNTANTS: Soneji & Co Ltd
20 egerton Close,
Pinner
Middlesex
HA5 2LP

Parkwaters Limited (Registered number: 03412786)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,159 979
6,159 979

CURRENT ASSETS
Stocks 6 89,066 85,860
Debtors 7 129,042 104,471
Cash at bank and in hand 63,118 47,729
281,226 238,060
CREDITORS
Amounts falling due within one year 8 260,018 201,297
NET CURRENT ASSETS 21,208 36,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,367

37,742

CREDITORS
Amounts falling due after more than one
year

9

(26,465

)

(36,465

)

PROVISIONS FOR LIABILITIES (348 ) (348 )
NET ASSETS 554 929

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 454 829
SHAREHOLDERS' FUNDS 554 929

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

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

Parkwaters Limited (Registered number: 03412786)

Balance Sheet - continued
31 August 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 director and authorised for issue on 5 August 2025 and were signed by:





Mr J C Kachela - Director


Parkwaters Limited (Registered number: 03412786)

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

1. STATUTORY INFORMATION

Parkwaters 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 1997, 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.
Short leasehold - Over 13 years
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% 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 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.

Parkwaters Limited (Registered number: 03412786)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 45,000
AMORTISATION
At 1 September 2023
and 31 August 2024 45,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 5,716 3,959 48,989 3,719 62,383
Additions - - 6,885 - 6,885
At 31 August 2024 5,716 3,959 55,874 3,719 69,268
DEPRECIATION
At 1 September 2023 5,716 3,959 48,214 3,515 61,404
Charge for year - - 1,501 204 1,705
At 31 August 2024 5,716 3,959 49,715 3,719 63,109
NET BOOK VALUE
At 31 August 2024 - - 6,159 - 6,159
At 31 August 2023 - - 775 204 979

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 89,066 85,860

Parkwaters Limited (Registered number: 03412786)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 5,405 -
Other debtors 123,637 104,471
129,042 104,471

Other debtors include director's overdrawn account, which was repaid after the year end.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 202,561 174,033
Taxation and social security 22,072 2,365
Other creditors 35,385 24,899
260,018 201,297

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 26,465 36,465

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr J C Kachela throughout the current and previous year. Mr Kachela is the managing director and majority shareholder.

During the year salary of £12,625 (2023: £11,940) and dividends of £66,000 (2023: £15,000) were paid to the directors of the company.

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.