Parkton Grove Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04662372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025

FOR

PARKTON GROVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Norcliffe

Mrs J Dunn

Mrs M N E Norcliffe

SECRETARY:

Mrs M N E Norcliffe

REGISTERED OFFICE:

Dean Brook Cottage

Dean Brook Road

Armitage Bridge

Huddersfield

West Yorkshire

HD4 7PB

REGISTERED NUMBER:

04662372 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Tangible assets

4

277

319

Investments

5

13

Investment property

6

747,500

747,790

747,832

CURRENT ASSETS

Debtors

7

1,057

Cash at bank

4,428

8,562

5,485

9,619

CREDITORS

Amounts falling due within one year

8

13,177

18,689

NET CURRENT LIABILITIES

(7,692

)

(9,070

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

740,098

738,762

PROVISIONS FOR LIABILITIES

41,257

41,268

NET ASSETS

698,841

697,494

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

10

319,101

Retained earnings

10

379,640

378,293

SHAREHOLDERS' FUNDS

698,841

697,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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 11th September 2025 and were signed on its behalf by:

J A Norcliffe - Director

1.	STATUTORY INFORMATION

Parkton Grove 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

50% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st June 2024

2,687

Additions

329

At 31st May 2025

3,016

DEPRECIATION

At 1st June 2024

2,368

Charge for year

371

At 31st May 2025

2,739

NET BOOK VALUE

At 31st May 2025

277

At 31st May 2024

319

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1st June 2024

and 31st May 2025

13

NET BOOK VALUE

At 31st May 2025

13

At 31st May 2024

13

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st June 2024

and 31st May 2025

747,500

NET BOOK VALUE

At 31st May 2025

747,500

At 31st May 2024

747,500

Fair value at 31st May 2025 is represented by:

£

Valuation in 2013

138,914

Valuation in 2014

123,875

Valuation in 2016

97,500

Cost

387,211

747,500

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

387,211

Aggregate depreciation

(156,915

)

(156,915

)

Investment property was valued on open market basis basis on 31st May 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,057

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

7,712

8,475

Directors' current accounts

1

5,353

Accrued expenses

5,464

4,861

13,177

18,689

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

49

Ordinary A

£1

49

24

Ordinary B

£1

24

Ordinary C

£1

24

1

Ordinary D

£1

1

Ordinary E

£1

1

Ordinary F

£1

1

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st June 2024

378,293

319,101

697,394

Profit for the year

32,848

Dividends

(31,501

)

(31,501

)

At 31st May 2025

379,640

319,101

698,741

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £1,057 (2024 £1,057) by its subsidiary company.