Registered number
05545361
Parkfield Rise Management Limited
Filleted Accounts
31 December 2024
Parkfield Rise Management Limited
Registered number: 05545361
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 36
Cash at bank and in hand 33,876 33,366
33,876 33,402
Creditors: amounts falling due within one year 4 (920) (1,004)
Net current assets 32,956 32,398
Net assets 32,956 32,398
Capital and reserves
Called up share capital 2,001 2,001
Profit and loss account 30,955 30,397
Shareholders' funds 32,956 32,398
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Harper
Director
Approved by the board on 1 September 2025
Parkfield Rise Management Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income represents maintenance fees receivable.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Other debtors - 36
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 680 1,004
5 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
5 Founder shares of 20p each 20p 1 1 1
20 Ordinary shares of £100 each £100 each 2,000 2,000 2,000
2,001 2,001
6 Contingent liability
The company has contingent liabilities in that it must manage and maintain the Estate and
exercise the functions of a Residents Association and Management Company formed to
safeguard and promote the common interests of the residents. It must also effect property
owners and occupiers Public Liability Insurance, as appropriate, pay any taxes or other
outgoings chargeable and provide, maintain etc any further services as may seem appropriate
7 Other information
Parkfield Rise Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Star
Church Street
Princes Risborough
Bucks
HP27 9AA
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