2 2 Green Park View Limited 13901969 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of investment property rental. Digita Accounts Production Advanced 6.30.9574.0 true 13901969 2024-04-01 2025-03-31 13901969 2025-03-31 13901969 core:CurrentFinancialInstruments 2025-03-31 13901969 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13901969 core:FurnitureFittings 2025-03-31 13901969 core:MotorVehicles 2025-03-31 13901969 core:PlantMachinery 2025-03-31 13901969 bus:SmallEntities 2024-04-01 2025-03-31 13901969 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13901969 bus:FilletedAccounts 2024-04-01 2025-03-31 13901969 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13901969 bus:RegisteredOffice 2024-04-01 2025-03-31 13901969 bus:Director1 2024-04-01 2025-03-31 13901969 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13901969 core:FurnitureFittings 2024-04-01 2025-03-31 13901969 core:MotorVehicles 2024-04-01 2025-03-31 13901969 core:OfficeEquipment 2024-04-01 2025-03-31 13901969 core:PlantMachinery 2024-04-01 2025-03-31 13901969 countries:EnglandWales 2024-04-01 2025-03-31 13901969 2024-03-31 13901969 core:FurnitureFittings 2024-03-31 13901969 core:MotorVehicles 2024-03-31 13901969 core:PlantMachinery 2024-03-31 13901969 2023-04-01 2024-03-31 13901969 2024-03-31 13901969 core:CurrentFinancialInstruments 2024-03-31 13901969 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13901969 core:FurnitureFittings 2024-03-31 13901969 core:MotorVehicles 2024-03-31 13901969 core:PlantMachinery 2024-03-31 xbrli:pure iso4217:GBP

Registration number: 13901969

Green Park View Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

.


 

 

Green Park View Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Green Park View Limited

(Registration number: 13901969)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

41,710

44,395

Investment property

5

6,428,785

6,424,865

 

6,470,495

6,469,260

Current assets

 

Debtors

6

102,407

61,821

Cash at bank and in hand

 

424,307

396,399

 

526,714

458,220

Creditors: Amounts falling due within one year

7

(6,567,410)

(6,712,702)

Net current liabilities

 

(6,040,696)

(6,254,482)

Total assets less current liabilities

 

429,799

214,778

Provisions for liabilities

(9,755)

(8,435)

Net assets

 

420,044

206,343

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

420,043

206,342

Shareholders' funds

 

420,044

206,343

For the financial year ending 31 March 2025 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 and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:
 


Mr M H Prettejohn
Director

 

Green Park View Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of investment property rental.

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 on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Green Park View Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

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 are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Valuation of investment property
Investment properties are stated at fair value, based on the estimate of the value at the period end by the Director.

Revenue recognition

Turnover is measured at the fair value of rent receivable and insurance recharged, stated net of Value Added Tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Green Park View Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% reducing balance

Motor vehicles

25% reducing balance

Furniture & fixtures

25% reducing balance

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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Green Park View Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Green Park View Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

227

1,234

58,490

59,951

Additions

9,475

-

-

9,475

At 31 March 2025

9,702

1,234

58,490

69,426

Depreciation

At 1 April 2024

22

311

15,223

15,556

Charge for the year

1,112

231

10,817

12,160

At 31 March 2025

1,134

542

26,040

27,716

Carrying amount

At 31 March 2025

8,568

692

32,450

41,710

At 31 March 2024

205

923

43,267

44,395

5

Investment properties

2025
£

At 1 April

6,424,865

Additions

3,920

At 31 March

6,428,785

The investment property has been revalued by the directors based on their knowledge and professional experience of the local property market.

6

Debtors

2025
£

2024
£

Trade debtors

74,747

8,640

Other debtors

3,292

-

Prepayments

24,368

53,181

102,407

61,821

 

Green Park View Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

-

100,000

Trade creditors

 

13,213

64,021

Taxation and social security

 

87,132

72,909

Accruals and deferred income

 

123,425

105,888

Other creditors

 

6,343,640

6,369,884

 

6,567,410

6,712,702

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

-

100,000