PARK GROVE RESIDENTIAL LIMITED


Directors	Alan Joseph Tansey
	Bernard Joseph Tansey


Company Secretary	Barry Bernard Tansey


Registered Number	10559945 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		6,148,212		6,149,283
			6,148,212		6,149,283
Current assets
Debtors		1,925		5,155
Cash at bank and on hand		164,977		144,935
		166,902		150,090
Creditors amounts falling due within one year	4	(3,270,790)		(3,275,837)
Net current assets (liabilities)			(3,103,888)		(3,125,747)
Total assets less current liabilities			3,044,324		3,023,536
Creditors amounts falling due after one year	5		(3,100,000)		(3,100,000)
Net assets			(55,676)		(76,464)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(55,678)		(76,466)
Shareholders' funds			(55,676)		(76,464)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 December 2025, and are signed on its behalf by:

Alan Joseph Tansey
Director
Registered Company No. 10559945

PARK GROVE RESIDENTIAL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover represents rental income receivable from investment properties.

	Current taxation
	The current tax charge is based on taxable profit for the year, using tax rates and laws that have been enacted or substantively enacted by the reporting date

	Deferred tax
	Deferred tax balances are recognised for all timing differences, at rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

	Tangible fixed assets and depreciation
	Investment properties are stated at fair value. Changes in fair value are recognised in the profit and loss account and thereafter transferred to an undistributable reserve. Depreciation is provided on fixed assets at an annual rate of 25% on a reducing balance basis to write off the cost, less estimated residual values, over their expected useful economic lives.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 April 24	6,145,000	32,084	6,177,084
At 31 March 25	6,145,000	32,084	6,177,084
Depreciation and impairment
At 01 April 24	-	27,801	27,801
Charge for year	-	1,071	1,071
At 31 March 25	-	28,872	28,872
Net book value
At 31 March 25	6,145,000	3,212	6,148,212
At 31 March 24	6,145,000	4,283	6,149,283

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	972	864
Bank borrowings and overdrafts	1,915	7,070
Amounts owed to related parties	3,262,903	3,262,903
Accrued liabilities and deferred income	5,000	5,000
Total	3,270,790	3,275,837

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,100,000	3,100,000
Total	3,100,000	3,100,000

6.	Share capital
	The company has 2 allotted, called up and fully paid Ordinary Shares of £1 each ( 2 - 2024 ).

7.	Further information regarding the company's financial position
	The company is a private limited company incorporated in England. Its registered number is 10559945. Its registered office and principal place of business is No 1 Railshead Road, St Margarets, Old Isleworth, Middlesex, TW7 7EP. The financial statements are presented in sterling, which is the functional currency of the company.