Park Lane S.E. Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 03819900

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,474		5,120

			5,474		5,120
CURRENT ASSETS
Stocks	5	873,455		697,571
Debtors	6	3,610		13,145
Cash at bank and in hand		2,641		11,485

		879,706		722,201
Creditors: Amounts Falling Due Within One Year	7	(934,838 )		(716,601 )

NET CURRENT ASSETS (LIABILITIES)			(55,132 )		5,600

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,658 )		10,720

Creditors: Amounts Falling Due After More Than One Year	8		(25,966 )		(29,536 )

NET LIABILITIES			(75,624 )		(18,816 )

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			(75,824 )		(19,016 )

SHAREHOLDERS' FUNDS			(75,624)		(18,816)

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Park Lane S.E. Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Rodberg

Director

10/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Park Lane S.E. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03819900 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 March 2024	600	8,000	800	9,400
Additions	1,572	-	-	1,572

As at 28 February 2025	2,172	8,000	800	10,972

...CONTINUED

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Park Lane S.E. Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Depreciation
As at 1 March 2024	600	2,880	800	4,280
Provided during the period	194	1,024	-	1,218

As at 28 February 2025	794	3,904	800	5,498

Net Book Value
As at 28 February 2025	1,378	4,096	-	5,474

As at 1 March 2024	-	5,120	-	5,120

5. Stocks

	2025	2024
	£	£
Work in progress	873,455	697,571

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	186	-
Other debtors	2,424	13,145
Other debtors (1)	1,000	-

	3,610	13,145

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,302	381
Other loans	(6,239 )	-
Other creditors	102,219	101,389
Director's loan account	837,556	614,831

	934,838	716,601

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	25,966	29,536

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

10. Ultimate Controlling Party

The company has no ultimate controlling party due to the share structure of the issued share capital in the company.

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