Registration number: 02658607

Parkside (Barnstaple) Limited

Contents

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

Parkside (Barnstaple) Limited

(Registration number: 02658607)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	54,287	54,287
Capital and Reserves
Called up share capital	5	54,287	54,287
Shareholders' funds		54,287	54,287

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised for issue by the Board on 15 September 2025 and signed on its behalf by:
 

Mr P G Vosper Director

Parkside (Barnstaple) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Marsh Mills Retail Park
Longbridge Road
PLYMOUTH
Devon
PL6 8AY

The principal place of business is:
Coney Avenue
Hollowtree Road
BARNSTAPLE
Devon
EX32 8QZ

These financial statements were authorised for issue by the Board on 15 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

All amounts are in £'s.

Going concern

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

Parkside (Barnstaple) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Judgements

There are no judgements which management have made in the process of applying the accounting policies.

Key sources of estimation uncertainty

There are no key sources of estimation uncertainty that have a significant risk of causing a material adjustment to assets and liabilities to be disclosed.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors under service contract) during the year, was 0 (2023 - 0).

4

Debtors

Current	Note	2024 £	2023 £
Amounts owed by related parties	7	54,287	54,287
		54,287	54,287

5	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	50,000	50,000	50,000	50,000
Ordinary A shares of £1 each	4,287	4,287	4,287	4,287
	54,287	54,287	54,287	54,287

Parkside (Barnstaple) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Contingent liabilites

Company

The company is party to an unlimited cross guarantee with County Garage (Barnstaple) Limited and Squires Garages (Barnstaple) Limited in respect to the bank borrowings. The contingent liability as at 31 December 2024 is £Nil (2023 - £208,333).

7	Related party transactions

Summary of transactions with other related parties

County Garage (Barnstaple) Limited is a company which is related by virtue of common directorship and ownership. At the year end County Garage (Barnstaple) Limited owed Parkside (Barnstaple) Limited £54,287 (2023 - £54,287) in the form of a loan. The loan is not secured and is repayable on demand.