Trees Park (Kenyon) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02869071

Trees Park (Kenyon) Limited

Filleted Financial Statements

For the year ended

31 December 2024

Trees Park (Kenyon) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	1,451,826	1,506,362

Current assets

Debtors	6	1,566,052	1,575,697
Cash at bank and in hand		92,297	119,757
		------------	------------
		1,658,349	1,695,454

Creditors: amounts falling due within one year	7	3,740,561	3,880,726
		------------	------------
Net current liabilities		2,082,212	2,185,272
		------------	------------
Total assets less current liabilities		( 630,386)	( 678,910)

Provisions	8	150,046	–
		---------	---------
Net liabilities		( 480,340)	( 678,910)
		---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 481,340)	( 679,910)
	---------	---------
Shareholders deficit	( 480,340)	( 678,910)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

A Taylor

Director

Company registration number: 02869071

Trees Park (Kenyon) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Abbey Healthcare, Sutherland House, 70 - 78 West Hendon Broadway, London, NW9 7BT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The company has made a profit during the year (loss in prior year) and is in a net liability position on year end. It has received group support and accordingly the financial statements have been prepared on a going concern basis. The directors are confident that group has the ability to meet its financial obligations as they fall due for a period of at least 12 months from the date of approval of the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In preparing these financial statements, the directors have made the following judgements:- 1 Determine whether there are indicators of impairment of the tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty:- 2 Tangible fixed assets Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	20% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 66 (2023: 63 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	1,460,730	1,035,160	2,495,890
Additions	–	132,073	132,073
	------------	------------	------------
At 31 December 2024	1,460,730	1,167,233	2,627,963
	------------	------------	------------
Depreciation
At 1 January 2024	492,145	497,383	989,528
Charge for the year	20,600	166,009	186,609
	------------	------------	------------
At 31 December 2024	512,745	663,392	1,176,137
	------------	------------	------------
Carrying amount
At 31 December 2024	947,985	503,841	1,451,826
	------------	------------	------------
At 31 December 2023	968,585	537,777	1,506,362
	------------	------------	------------

Included within land and buildings is land of £430,730 (2023 - £430,730) which is not depreciated.

6. Debtors

	2024	2023
	£	£
Trade debtors	55,071	52,790
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,473,583	1,470,136
Other debtors	37,398	52,771
	------------	------------
	1,566,052	1,575,697
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	322,616	359,205
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,157,448	3,277,124
Social security and other taxes	82,243	108,767
Other creditors	178,254	135,630
	------------	------------
	3,740,561	3,880,726
	------------	------------

8. Provisions

	Deferred tax	Court case	Total
	£	£	£
At 1 January 2024	–	–	–
Additions	–	17,000	17,000
Charge against provision	( 167,046)	–	( 167,046)
	---------	--------	---------
At 31 December 2024	( 167,046)	17,000	( 150,046)
	---------	--------	---------

The company had previously entered into an EFURBS, which HMRC have since challenged and post year end have subsequently issued final calculations of the liability due. The full liability less any Advanced Payment Notices settled have been recognised as a liability at the balance sheet date and are shown under creditors.

9. Contingencies

The company has received a claim to the value of £90,000 for an incident that took place during 2020. The above amount has been classified as a contingent liability as the claim is being defended. The company is defending its position in these matters.

10. Summary audit opinion

The auditor's report dated 8 September 2025 was unqualified .

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

11. Controlling party

The company was under the control of the Trustees of the Prabhdyal Sodhi Overseas Settlement throughout the year, an entity based in Gibraltar. The immediate parent company is Lansbury Limited , a company incorporated in Gibraltar.