Registration number: 04460439

Parkcrown Property Management Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Parkcrown Property Management Ltd

(Registration number: 04460439)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	201
Investment property	5	322,414	328,614
		322,414	328,815
Current assets
Cash at bank and in hand		13,236	5,123
Creditors: Amounts falling due within one year	6	(4,353)	(2,828)
Net current assets		8,883	2,295
Total assets less current liabilities		331,297	331,110
Provisions for liabilities		(26,867)	(28,468)
Net assets		304,430	302,642
Capital and reserves
Called up share capital	7	2	2
Other reserves		80,602	85,252
Profit and loss account		223,826	217,388
Shareholders' funds		304,430	302,642

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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.

Approved and authorised by the director on 11 September 2025
 

 

Ms J Breakell
Director

Parkcrown Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 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:
3 Carbery Avenue
Bournemouth
BH6 3LJ

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

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 current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
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.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Parkcrown Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% reducing balance

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Cash
Cash comprises cash on hand and all deposits.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4	Tangible assets

	Plant and equipment  £	Total £
Cost
At 6 April 2024	8,104	8,104
Disposals	(8,104)	(8,104)
At 5 April 2025	-	-
Depreciation
At 6 April 2024	7,903	7,903
Eliminated on disposal	(7,903)	(7,903)
At 5 April 2025	-	-
Net book value
At 5 April 2025	-	-
At 5 April 2024	201	201

Parkcrown Property Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

5	Investment properties

	2025 £	2024 £
At 6 April	328,614	328,614
Fair value adjustments	(6,200)	-
At 5 April	322,414	328,614

The properties were valued by the director at their market value using current market data for similar properties in the same areas.

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Taxation and social security	1,663	191
Other creditors	890	836
Other loans	312	312
Accruals	1,488	1,489
	4,353	2,828