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PARK ONE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Park One Management Limited is a private company, limited by shares, registered in England and Wales, registration number 02124262. The registered office is Number 22 Mount Ephraim, Tunbridge Wells, Kent, TN4 8AS.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The accounts are presented in £ sterling.
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Average number of employees
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The company has no employees other than the directors, who did not receive any remuneration (2023 : £Nil).
The directors have made an assessment of the company's ability to continue as a going concern for a period of at least twelve months from the date on which the financial statements were approved. As a result of their assessment they consider that the company is able to continue to operate as a going concern and that it is appropriate to prepare the financial statements on a going concern basis.
Turnover relates to service charge income which represents maintenance, management and administration costs recoverable from owners or occupiers of unites on the site, exclusive of VAT. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.
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Prepayments and accrued income
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