Global Park Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07438315 (England and Wales)

GLOBAL PARK ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Property, plant and equipment

4

8,229

3,266

Investment property

5

5,041,424

4,491,424

5,049,653

4,494,690

CURRENT ASSETS

Debtors

6

12,256

22,649

Cash at bank

66,767

7,655

79,023

30,304

CREDITORS

Amounts falling due within one year

7

(202,980

)

(184,714

)

NET CURRENT LIABILITIES

(123,957

)

(154,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,925,696

4,340,280

PROVISIONS FOR LIABILITIES

(485,895

)

(385,638

)

NET ASSETS

4,439,801

3,954,642

CAPITAL AND RESERVES

Called up share capital

1,000

Fair value reserve

8

1,729,064

1,317,510

Retained earnings

2,709,737

2,636,132

SHAREHOLDERS' FUNDS

4,439,801

3,954,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 December 2025 and were signed by:

Mr A.T. Motts - Director

1.	STATUTORY INFORMATION

Global Park Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07438315

Registered office:

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements

are rounded to the nearest Pound.

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 provision of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Rental income is included on a receivable basis and a separate provision is made when rents are no longer considered recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST

At 1 May 2024

1,629

4,712

1,500

5,597

13,438

Additions

-

6,139

Disposals

-

(2,022

)

(2,022

)

At 30 April 2025

1,629

4,712

1,500

9,714

17,555

DEPRECIATION

At 1 May 2024

1,018

3,175

1,500

4,479

10,172

Charge for year

163

308

-

366

837

Eliminated on disposal

-

(1,683

)

(1,683

)

At 30 April 2025

1,181

3,483

1,500

3,162

9,326

NET BOOK VALUE

At 30 April 2025

448

1,229

-

6,552

8,229

At 30 April 2024

611

1,537

-

1,118

3,266

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

4,491,424

Revaluations

550,000

At 30 April 2025

5,041,424

NET BOOK VALUE

At 30 April 2025

5,041,424

At 30 April 2024

4,491,424

At the year end the open market values of investment properties were considered by the director and adjusted accordingly. The historic cost of the investment properties was £2,824,837.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

3,339

498

Amounts due from related undertaking

-

3,213

Other debtors

-

800

Prepayments and accrued income

8,917

18,138

12,256

22,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

5,322

8,319

Corporation tax

24,739

13,801

Other taxes and social security

605

616

Other creditors

17,980

8,480

Directors' current accounts

111,296

132,290

Accruals and deferred income

43,038

21,208

202,980

184,714

8.

RESERVES

Fair

value

reserve

£

At 1 May 2024

1,317,510

Fair value adjustment on revaluation

550,000

Deferred tax on revaluation

(138,446

)

Fair value adjustment on disposal

-

Deferred tax reversed on disposal

-

At 30 April 2025

1,729,064

9.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount was payable to the company of £Nil (2024: £3,213) from The TAB Directors Trust, a pension scheme of which the director is a beneficiary.