Park Holdings Ltd - Filleted accounts

Registered number

04638491

Park Holdings Ltd

Unaudited Filleted Accounts

31 January 2025

Park Holdings Ltd
Registered number:		04638491
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		140,199			140,201

Current assets
Debtors	4	247			-
Cash at bank and in hand		867			1,689
		1,114			1,689

Creditors: amounts falling due within one year	5	(11,673)			(9,039)

Net current liabilities			(10,559)			(7,350)

Total assets less current liabilities			129,640			132,851

Creditors: amounts falling due after more than one year	6		(100,735)			(101,895)

Net assets			28,905			30,956

Capital and reserves
Called up share capital			2			2
Profit and loss account			28,903			30,954

Shareholders' funds			28,905			30,956

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr RM Blackhurst
Director
Approved by the board on 23 October 2025

Park Holdings Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	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 fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales / value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings	2% straight line
	Tools and equipment	25% on written down value

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Tools & equipment		Total
£			£		£
	Cost
	At 1 February 2024	140,190		4,000		144,190
	At 31 January 2025	140,190		4,000		144,190

	Depreciation
	At 1 February 2024	-		3,989		3,989
	Charge for the year	-		2		2
	At 31 January 2025	-		3,991		3,991

	Net book value
	At 31 January 2025	140,190		9		140,199
	At 31 January 2024	140,190		11		140,201


4	Debtors			2025		2024
£					£

	Other debtors			247		-


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			1,160		1,160
	Taxation and social security costs			-		561
	Other creditors			10,513		7,318
				11,673		9,039


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			100,735		101,895

7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			100,348		100,348

	The company is subject to fixed and floating charges over its land and buildings.
8	Related party transactions

	Mr and Mrs RM Blackhurst control the company by virtue of their shareholding. At 31 January 2025 the company owed Mr and Mrs Blackhurst £9883 (2024:£6742).


9	Other information

	Park Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 16 Eastway Business Village
	Olivers Place
	Fulwood
	Preston
	PR2 9WT