REGISTERED NUMBER: 03451286 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PARKDALE PROPERTY MANAGEMENT SERVICES

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Philip Roy Nicholls

Debra Nicholls

SECRETARY:

Debra Nicholls

REGISTERED OFFICE:

Shipley Hall

Bridgenorth Road

Shipley

Shropshire

WV6 7EQ

REGISTERED NUMBER:

03451286 (England and Wales)

ACCOUNTANTS:

Brindleys Limited

Chartered Accountants

2 Wheeleys Road

Edgbaston

Birmingham

B15 2LD

FIXED ASSETS

Tangible assets

4

7,380

8,686

Investment property

5

3,500,000

3,500,000

3,507,380

3,508,686

CURRENT ASSETS

Debtors

6

2,611

1,564

Cash at bank and in hand

251,773

221,713

254,384

223,277

CREDITORS

Amounts falling due within one year

7

58,863

103,051

NET CURRENT ASSETS

195,521

120,226

TOTAL ASSETS LESS CURRENT LIABILITIES

3,702,901

3,628,912

PROVISIONS FOR LIABILITIES

705,658

705,982

NET ASSETS

2,997,243

2,922,930

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

2,997,241

2,922,928

SHAREHOLDERS' FUNDS

2,997,243

2,922,930

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

Debra Nicholls - Director

1.	STATUTORY INFORMATION

Parkdale Property Management Services 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Holiday pay

Holiday pay is recognised as an expense in the period in which the service is received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

18,172

78,621

4,370

101,163

DEPRECIATION

At 1 April 2024

17,107

71,044

4,326

92,477

Charge for year

159

1,136

11

1,306

At 31 March 2025

17,266

72,180

4,337

93,783

NET BOOK VALUE

At 31 March 2025

906

6,441

33

7,380

At 31 March 2024

1,065

7,577

44

8,686

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

3,500,000

NET BOOK VALUE

At 31 March 2025

3,500,000

At 31 March 2024

3,500,000

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2018

470,242

Valuation in 2020

845,000

Valuation in 2022

1,500,000

Cost

684,758

3,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,094

-

Prepayments

1,517

1,564

2,611

1,564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,855

1,565

Corporation tax

35,026

32,278

Social security and other tax

-

271

Other creditors

-

1,141

Directors' current accounts

19,642

65,456

Accrued expenses

2,340

2,340

58,863

103,051

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

Each share has one voting right and equal rights to dividends and distributions.

9.

RESERVES

Retained

earnings

£

At 1 April 2024

2,922,928

Profit for the year

110,313

Dividends

(36,000

)

At 31 March 2025

2,997,241