REGISTERED NUMBER: 01672855 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Park Villas Management

Company Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

74,010

1,281,119

Cash at bank

669,107

259,046

743,117

1,540,165

CREDITORS

Amounts falling due within one year

5

16,689

5,482

NET CURRENT ASSETS

726,428

1,534,683

TOTAL ASSETS LESS CURRENT LIABILITIES

726,428

1,534,683

CAPITAL AND RESERVES

Called up share capital

80

80

Robinwood

6

385,925

794,932

Fernwood Court

6

66,513

183,262

Estate

6

18,152

11,759

Fernwood Houses

6

255,758

544,650

SHAREHOLDERS' FUNDS

726,428

1,534,683

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 25 September 2025 and were signed on its behalf by:

R A Mackenzie - Director

1.	STATUTORY INFORMATION

Park Villas Management Company Limited is a private company, limited by shares, registered in England. Its registered office address is Jason House, Kerry Hill, Horsforth, Leeds,LS18 4JR and its registered number is 01672855.

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.

Turnover

Turnover represents contributions from members under the terms of their respective leases.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Service charge and levy owing

69,982

1,276,673

Prepayments and other debtors

4,028

4,446

74,010

1,281,119

A balance due from members of £67,646 (2023: £1,275,263 ) for the one-off major repair works levy is included in Service charge and levy owing.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Service charge in advance

5,739

2,581

Taxation and social security

1,499

189

Accrued expenses

9,451

2,712

16,689

5,482

6.

RESERVES

Retained

Fernwood

earnings

Robinwood

Court

£

£

£

At 1 January 2024

-

794,932

183,262

Deficit for the year

(808,255

)

Transfer

808,255

(409,007

)

(116,749

)

At 31 December 2024

-

385,925

66,513

Fernwood

Estate

Houses

Totals

£

£

£

At 1 January 2024

11,759

544,650

1,534,603

Deficit for the year

(808,255

)

Transfer

6,393

(288,892

)

-

At 31 December 2024

18,152

255,758

726,348