Park's Edge Homes Ltd - Filleted accounts


PARK'S EDGE HOMES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025



































Company Registration Number: 14193405

PARK'S EDGE HOMES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

PARK'S EDGE HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTORS

P J Cording
L J Cording


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

4 Witan Way
Witney
Oxon
OX28 6FF


COMPANY REGISTRATION NUMBER

14193405 England and Wales

PARK'S EDGE HOMES LTD

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Investments	5		100		100

CURRENT ASSETS
Stock		-		653,104
Debtors	6	-		50,227
Cash at bank and in hand		-		100


		-		703,431

CREDITORS: Amounts falling due within one year	7	79,883		774,520
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(79,883)		(71,089)


NET LIABILITIES			(79,783)		(70,989)


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			(79,883)		(71,089)


SHAREHOLDERS' DEFICIT			(79,783)		(70,989)

PARK'S EDGE HOMES LTD

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




P J Cording
Director

Date approved by the board: 25 October 2025

PARK'S EDGE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Park's Edge Homes Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	4 Witan Way
	Witney
	Oxon
	OX28 6FF

	The company ceased to trade on 31 March 2025.

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

The accounts have been drawn up on a basis other than going concern as the company ceased to trade on 31 March 2025. The company transferred its trade, assets and liabilities to Park's Edge Developments Ltd on 31 March 2025. Park's Edge Homes Ltd then ceased to trade.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the sale of domestic dwellings, stated net of trade discounts and value added tax.

	The company recognises revenue on legal completion when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Investments

	Investments in subsidiaries are shown at cost less accumulated impairment losses.

PARK'S EDGE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.


	Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Work in progress

	Work in progress has been valued at the lower of cost and estimated selling price less cost to complete and sell. Cost comprises the cost of materials and direct labour relevant to the stage of construction.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

PARK'S EDGE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	2	2

PARK'S EDGE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


5	FIXED ASSET INVESTMENTS
			Investment in subsidiary
			£
	Cost
	At 1 April 2024		100


	At 31 March 2025		100


	Net book value
	At 1 April 2024		100


	At 31 March 2025		100


6	DEBTORS
		2025	2024
		£	£
	Other debtors	-	50,227


7	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£
	Bank loans and overdrafts	-	430,000
	Taxation and social security	-	210
	Accruals and deferred income	-	15,251
	Other creditors	79,883	329,059


		79,883	774,520


8	SECURED DEBTS

	The company had a bank loan with Tuscan Capital Limited which was secured on all of the assets of the company. The loan was repaid on 30 September 2024.

PARK'S EDGE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


9	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Park's Edge Developments Ltd
	Subsidiary company

	During the year, the following transactions with related parties took place:

	P J and L J Cording
	Directors		2025	2024
			£	£
	Advances to company	The directors have made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the directors the following amount:	-	5,656