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Company Registration No. 12850441 (England and Wales)
Park Lane Financial Ltd Unaudited accounts for the year ended 30 September 2024
Park Lane Financial Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
16,702 
28,966 
Current assets
Cash at bank and in hand
10,819 
6,962 
Creditors: amounts falling due within one year
5
(123,864)
(95,927)
Net current liabilities
(113,045)
(88,965)
Total assets less current liabilities
(96,343)
(59,999)
Creditors: amounts falling due after more than one year
6
(5,785)
(22,084)
Net liabilities
(102,128)
(82,083)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(102,228)
(82,183)
Shareholders' funds
(102,128)
(82,083)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2025 and were signed on its behalf by
Mrs Amitaben Phul Director Company Registration No. 12850441
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Park Lane Financial Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Park Lane Financial Ltd is a private company, limited by shares, registered in England and Wales, registration number 12850441. The registered office is 26 FRIERN BARNET ROAD, LONDON, N11 1NA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
3,298 
37,470 
1,629 
42,397 
Disposals
- 
(11,530)
- 
(11,530)
At 30 September 2024
3,298 
25,940 
1,629 
30,867 
Depreciation
At 1 October 2023
1,400 
11,319 
712 
13,431 
Charge for the year
475 
4,864 
229 
5,568 
On disposals
- 
(4,834)
- 
(4,834)
At 30 September 2024
1,875 
11,349 
941 
14,165 
Net book value
At 30 September 2024
1,423 
14,591 
688 
16,702 
At 30 September 2023
1,898 
26,151 
917 
28,966 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
6,813 
5,687 
Loans from directors
117,051 
90,240 
123,864 
95,927 
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Park Lane Financial Ltd Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,785 
22,084 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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