OC316772falsethat of the provision of specialist oral and general healthcare surgery facilities2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:Director32024-04-012025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2025-03-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: OC316772

Parkway Gould LLP

ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

Prepared By:

Staffer Mayled & Co Ltd

46-48

Station Road

Cardiff

CF14 5LU

Parkway Gould LLP

CONTENTS
		Page
Report of the Members		-
Report of the Accountants		-
Profit and Loss Account		-
Balance Sheet		3
Notes to the Accounts		4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account		-
Profit and Loss Account Summaries		-
Capital Accounts		-
Current Accounts		-

Parkway Gould LLP

ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

DESIGNATED MEMBERS

William Joe-Yau Kwan

Philip Majoe

Stephen Gould

REGISTERED OFFICE

Lamberts Road

SA1 Waterfront

Swansea

SA1 8EL

COMPANY NUMBER

OC316772

ACCOUNTANTS

Staffer Mayled & Co Ltd

46-48

Station Road

Cardiff

CF14 5LU

Parkway Gould LLP

BALANCE SHEET AT 31/03/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Tangible assets		2				2,691,161				2,781,237
CURRENT ASSETS
Debtors		3		16,720				13,538
Cash at bank and in hand				23,077				82,644
				39,797				96,182
CREDITORS: Amounts falling due within one year				396,411				417,866
NET CURRENT LIABILITIES						(356,614)				(321,684)
TOTAL ASSETS LESS CURRENT LIABILITIES						2,334,547				2,459,553
CREDITORS: Amounts falling due after more than oneyear		5				700,273				953,973
NET ASSETS ATTRIBUTABLE TO MEMBERS						1,634,274				1,505,580
LOANS AND OTHER DEBTS DUE TO MEMBERS						1,634,274				1,505,580
MEMBERS ' OTHER INTERESTS
						1,634,274				1,505,580
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members						1,634,274				1,505,580
						1,634,274				1,505,580
For the year ending 31/03/2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 18/12/2025 and signed on their behalf by
.............................
William Joe-Yau Kwan
Designated Member

Parkway Gould LLP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

1b. Cash Flow Statement

The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard 102 Section 1a.

1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings		straight line 2%
Plant and Machinery		reducing balance 15%

2. TANGIBLE FIXED ASSETS
		Land And		Plant and
		Buildings		Machinery		Total
		£		£		£
Cost
At 01/04/2024		3,937,012		924,889		4,861,901
At 31/03/2025		3,937,012		924,889		4,861,901
Depreciation
At 01/04/2024		1,231,655		849,009		2,080,664
For the year		78,691		11,385		90,076
At 31/03/2025		1,310,346		860,394		2,170,740
Net Book Amounts
At 31/03/2025		2,626,666		64,495		2,691,161
At 31/03/2024		2,705,357		75,880		2,781,237
The aggregate amount of finance costs capitalised and included in the production cost of assets is £161,661 (March 2024 - £161,661)

Parkway Gould LLP

3. DEBTORS				2025		2024
				£		£
Amounts falling due within one year:
Trade debtors				11,457		9,676
VAT				5,263		2,154
Other Debtors				-		1,708
				16,720		13,538

4. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				-		-

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2025		2024
				£		£
Bank loans and overdrafts				700,273		953,973
				700,273		953,973
A loan for £270,000 was entered into in January 2022, repayments will be at £2,878.67 for 120 months.

6. SECURED CREDITORS
				2025		2024
				£		£
Amount of bank loans and overdrafts which are secured				830,407		1,060,837

Parkway Gould LLP

7. RELATED PARTY TRANSACTIONS

Included in turnover is rental income of £244,670 (March 2024 (short period of 5 months) - £101,946) and £122,330 (March 2024 (short period of 5 months) - £50,971) received from Parkway Clinic and Neat-Teeth Orthodontics respectively, companies under common ownership.

8. FINANCIAL INSTRUMENTS

An interest rate swap was entered into on 1st January 2008 with Royal Bank of Scotland. The swap expires on 1 January 2029. The purpose of the instrument is to manage the interest rate exposure on a loan of £3,750,000 which had a floating rate of 1.25% above the banks base rate.

The instrument fixed the exposure at 5.04% for the period of 20 years.

The fair value of the interest rate swap at as at 31 March 2025 was a liability of £21,856.41 (March 2024 - £30,012.19)