REGISTERED NUMBER: 10959900 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Parkview Properties (Market Rasen)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Cartwright

N Cartwright

REGISTERED OFFICE:

The Fielding

1 Mallowfield

Middle Rasen

Market Rasen

Lincolnshire

LN8 3TU

REGISTERED NUMBER:

10959900 (England and Wales)

ACCOUNTANTS:

Reeve & Co

Chartered Certified Accountants

Unit 14 Oak House

Witham Park

Waterside South

Lincoln

LN5 7FB

FIXED ASSETS

626,906

Investment property

4

711,895

CURRENT ASSETS

1,115

Debtors

5

949

1,873

Cash at bank

31,147

2,988

32,096

CREDITORS

513,062

Amounts falling due within one year

6

166,801

(510,074

)

NET CURRENT LIABILITIES

(134,705

)

116,832

TOTAL ASSETS LESS CURRENT LIABILITIES

577,190

CREDITORS

126,837

Amounts falling due after more than one year

7

224,012

(10,005

)

NET ASSETS/(LIABILITIES)

353,178

CAPITAL AND RESERVES

100

Called up share capital

8

100

(10,105

)

Retained earnings

353,078

(10,005

)

SHAREHOLDERS' FUNDS

353,178

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

1.	STATUTORY INFORMATION

Parkview Properties (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.

Turnover

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

626,906

Additions

84,989

At 31 March 2025

711,895

NET BOOK VALUE

At 31 March 2025

711,895

At 31 March 2024

626,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

50

-

Prepayments

899

1,115

949

1,115

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Mortgage

11,529

5,206

Trade creditors

9

157

Other creditors

-

353,376

Directors' current accounts

154,123

153,123

Accrued expenses

1,140

1,200

166,801

513,062

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Mortgage - 1-2 years

12,225

5,412

Mortgage - 2-5 years

40,851

17,553

Mortgage - > 5 years

170,936

103,872

224,012

126,837

Amounts falling due in more than five years:

Repayable by instalments

Mortgage - > 5 years

170,936

103,872

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1.00

100

100