REGISTERED NUMBER: 04132356 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Parkview (Market Rasen) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Cartwright

A Lilliman

B D Gladding

N Cartwright

REGISTERED OFFICE:

The Fielding

1 Mallowfield

Middle Rasen

Market Rasen

Lincolnshire

LN8 3TU

REGISTERED NUMBER:

04132356 (England and Wales)

ACCOUNTANTS:

Reeve & Co

Chartered Certified Accountants

Unit 14 Oak House

Witham Park

Waterside South

Lincoln

LN5 7FB

FIXED ASSETS

60,467

Property, plant and equipment

4

45,570

705,000

Investment property

5

705,000

765,467

750,570

CURRENT ASSETS

24,500

Inventories

16,000

417,786

Debtors

6

49,230

218

Cash at bank and in hand

219

442,504

65,449

CREDITORS

233,824

Amounts falling due within one year

7

252,027

208,680

NET CURRENT (LIABILITIES)/ASSETS

(186,578

)

974,147

TOTAL ASSETS LESS CURRENT LIABILITIES

563,992

CREDITORS

(115,680

)

Amounts falling due after more than one year

8

(40,609

)

(15,061

)

PROVISIONS FOR LIABILITIES

(15,061

)

843,406

NET ASSETS

508,322

CAPITAL AND RESERVES

30

Called up share capital

28

843,376

Retained earnings

508,294

843,406

508,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

S Cartwright - Director

N Cartwright - Director

A Lilliman - Director

B D Gladding - Director

1.	STATUTORY INFORMATION

Parkview (Market Rasen) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 provisions 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Tools and equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

20% on cost

Investment property

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

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Tools and

and

Motor

Office

Totals

equipment

fittings

vehicles

equipment

£

£

£

£

£

COST

At 1 April 2024

210,828

134,601

23,405

30,050

22,772

Additions

3,850

-

3,850

-

-

Disposals

(1,500

)

-

(1,500

)

-

-

At 31 March 2025

213,178

134,601

25,755

30,050

22,772

DEPRECIATION

At 1 April 2024

150,361

82,386

22,522

24,627

20,826

Charge for year

18,747

13,463

493

4,005

786

Eliminated on disposal

(1,500

)

-

(1,500

)

-

-

At 31 March 2025

167,608

95,849

21,515

28,632

21,612

NET BOOK VALUE

At 31 March 2025

45,570

38,752

4,240

1,418

1,160

At 31 March 2024

60,467

52,215

883

5,423

1,946

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

705,000

NET BOOK VALUE

At 31 March 2025

705,000

At 31 March 2024

705,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

800,000

Valuation in 2021

(95,000

)

705,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

706,961

706,961

Investment property was valued on an open market basis on 31 March 2019 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

39,216

55,318

Other debtor

-

353,380

Prepayments

10,014

9,088

49,230

417,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

131,463

140,166

Trade creditors

38,510

38,388

Corporation tax

45,452

30,488

Value added tax

25,333

13,645

PAYE and NIC

4,207

3,539

Other creditors

798

830

Directors' current accounts

1,021

491

Accrued expenses

5,243

6,277

252,027

233,824

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

20,336

75,071

Bank loans - 2-5 years

20,273

40,609

40,609

115,680