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Registration number: 04130643

Parklands Homes Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Parklands Homes Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Parklands Homes Ltd

Company Information

Directors | Mrs J H Berryman Mr S M Berryman

Registered office | 1 Colleton Crescent Exeter Devon EX2 4DG

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Parklands Homes Ltd

(Registration number: 04130643)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 1,066,281 | 1,066,599
Current assets |  |  |
Stocks | 7 | 150,152 | 75,000
Debtors | 8 | 969,260 | 974,003
Investments | 9 | 5,204 | 3,850
Cash at bank and in hand |  | 928,004 | 816,957
|  | 2,052,620 | 1,869,810
Creditors: Amounts falling due within one year | 10 | (71,199) | (46,992)
Net current assets |  | 1,981,421 | 1,822,818
Net assets |  | 3,047,702 | 2,889,417
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 3,047,602 | 2,889,317
Shareholders' funds |  | 3,047,702 | 2,889,417

For the financial year ending 30 April 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 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 22 August 2025 and signed on its behalf by:

......................................... Mr S M Berryman Director

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable 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 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.

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Freehold land | 0%
Plant and machinery | 25% straight line basis
Fixtures and fittings | 25% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 10 years

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

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

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 318 | 554

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 350,000 | 350,000
At 30 April 2025 | 350,000 | 350,000
Amortisation
At 1 May 2024 | 350,000 | 350,000
At 30 April 2025 | 350,000 | 350,000
Carrying amount
At 30 April 2025 | - | -

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Tangible assets

| Freehold land £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 May 2024 | 1,066,137 | 6,841 | 804 | 1,073,782
At 30 April 2025 | 1,066,137 | 6,841 | 804 | 1,073,782
Depreciation
At 1 May 2024 | - | 6,379 | 804 | 7,183
Charge for the year | - | 318 | - | 318
At 30 April 2025 | - | 6,697 | 804 | 7,501
Carrying amount
At 30 April 2025 | 1,066,137 | 144 | - | 1,066,281
At 30 April 2024 | 1,066,137 | 462 | - | 1,066,599

7 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 150,152 | 75,000

8 | Debtors

| 2025 £ | 2024 £
Other debtors | 964,384 | 969,239
Prepayments and accrued income | 4,876 | 4,764
Total current trade and other debtors | 969,260 | 974,003

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Current asset investments

| 2025 £ | 2024 £
Other investments | 5,204 | 3,850

Listed investments

Investments having a net book value of £5,204 (30 April 2024 - £3,850) are listed on a recognised stock exchange and had a market value of £5,204 at the end of the year (30 April 2024 - £3,850).

10 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 67,646 | 43,507
Other creditors | 53 | 85
Accrued expenses | 3,500 | 3,400
| 71,199 | 46,992

Parklands Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

11 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Director 1 - Interest free loan repayable on demand | 14,042 | 6,652 | (14,500) | 6,194
| - | - | - | -
| 14,042 | 6,652 | (14,500) | 6,194

2024 | At 1 May 2023 £ | Advances to director £ | At 30 April 2024 £
Director 1 - Interest free loan repayable on demand | - | 14,042 | 14,042
| - | 14,042 | 14,042

Summary of transactions with other related parties

Lifestyle Park Homes Limited
A company which is controlled by a family member of the directors of Parklands Homes Limited

Loans to related parties

2025 | Other related parties £
At start of period | 950,000
At end of period | 950,000