Park Properties (Anglia) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02139536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARK PROPERTIES (ANGLIA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Wakefield

N R Wakefield

Mrs H R Martin

Dr R A Wakefield

Miss R F Wakefield

SECRETARY:

Mrs H R Martin

REGISTERED OFFICE:

11 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

REGISTERED NUMBER:

02139536 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

4

161,887

179,186

Investment property

5

1,500,000

1,661,887

1,679,186

CURRENT ASSETS

Stocks

1,439,047

1,999,454

Debtors

6

557,730

1,013,328

Cash at bank and in hand

811,593

109,132

2,808,370

3,121,914

CREDITORS

Amounts falling due within one year

7

112,020

425,274

NET CURRENT ASSETS

2,696,350

2,696,640

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,358,237

4,375,826

PROVISIONS FOR LIABILITIES

140,688

145,013

NET ASSETS

4,217,549

4,230,813

CAPITAL AND RESERVES

Called up share capital

100

Non distributable reserve

10

740,204

Retained earnings

3,477,245

3,490,509

SHAREHOLDERS' FUNDS

4,217,549

4,230,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 24 September 2025 and were signed on its behalf by:

C D Wakefield - Director

1.	STATUTORY INFORMATION

Park Properties (Anglia) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

150,000

76,455

226,455

Additions

-

1,073

Disposals

-

(35,000

)

(35,000

)

At 31 December 2024

150,000

42,528

192,528

DEPRECIATION

At 1 January 2024

-

47,269

Charge for year

-

2,842

Eliminated on disposal

-

(19,470

)

(19,470

)

At 31 December 2024

-

30,641

NET BOOK VALUE

At 31 December 2024

150,000

11,887

161,887

At 31 December 2023

150,000

29,186

179,186

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,500,000

NET BOOK VALUE

At 31 December 2024

1,500,000

At 31 December 2023

1,500,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

698,633

Cost

801,367

1,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

9,466

16,768

Amounts owed by group undertakings

33,042

Other debtors

515,222

963,518

557,730

1,013,328

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

-

250,000

Trade creditors

17,393

39,007

Amounts owed to group undertakings

43,000

-

Taxation and social security

47,730

7,328

Other creditors

3,897

128,939

112,020

425,274

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

16,485

19,020

Between one and five years

2,302

9,207

18,787

28,227

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

-

250,000

10.

RESERVES

Non

distributable

reserve

£

At 1 January 2024

and 31 December 2024

740,204