General Information
Parkross Limited is a private company, limited by shares, registered in England and Wales, registration number 03515888, registration address Sunnyridge, 14 Orchard Close, Westfield, Radstock, BA3 3RF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Straight Line
|
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so asto obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
18,768 |
|
18,768 |
| Additions |
5,199 |
|
5,199 |
| Disposals |
(15,058) |
|
(15,058) |
| At 31 March 2025 |
8,909 |
|
8,909 |
| Depreciation |
| At 01 April 2024 |
18,768 |
|
18,768 |
| Charge for year |
1,300 |
|
1,300 |
| On disposals |
(15,058) |
|
(15,058) |
| At 31 March 2025 |
5,010 |
|
5,010 |
| Net book values |
| Closing balance as at 31 March 2025 |
3,899 |
|
3,899 |
| Opening balance as at 01 April 2024 |
- |
|
- |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
100,000 |
|
100,000 |
| Additions |
25,000 |
|
25,000 |
| Transfer to/from tangible fixed assets |
0 |
|
0 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
125,000 |
|
125,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
3,201 |
|
15,000 |
|
3,201 |
|
15,000 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued Expenses |
2,261 |
|
2,229 |
|
2,261 |
|
2,229 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
17,000
Class B shares of £1.00 each |
17,000 |
|
17,000 |
|
289,000
Class C shares of £1.00 each |
289,000 |
|
289,000 |
|
17,000
Class O shares of £1.00 each |
17,000 |
|
17,000 |
|
17,000
Class P shares of £1.00 each |
17,000 |
|
17,000 |
|
340,000 |
|
340,000 |
|
| 8. |
Share premium account
|
2025
£ |
|
2024
£ |
| Equity Share Premium b/fwd |
85,000 |
|
85,000 |
|
85,000 |
|
85,000 |
|
2
|