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Registered number: 04242813
Fotopark Limited
Financial Statements
For The Year Ended 31 December 2024
Halkin Lerman Davis Limited
Beaumont Chancery 44 Southampton Buildings
Halkin Lerman Davis
London
WC2A 1AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04242813
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,908,172 6,996,640
6,908,172 6,996,640
CURRENT ASSETS
Debtors 5 419,631 420,509
419,631 420,509
Creditors: Amounts Falling Due Within One Year 6 (12,504,962 ) (12,152,603 )
NET CURRENT ASSETS (LIABILITIES) (12,085,331 ) (11,732,094 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,177,159 ) (4,735,454 )
Creditors: Amounts Falling Due After More Than One Year 7 (13,965,365 ) (13,965,365 )
NET LIABILITIES (19,142,524 ) (18,700,819 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Other reserves (5,238,281 ) (5,238,281 )
Profit and Loss Account (13,904,244 ) (13,462,539 )
SHAREHOLDERS' FUNDS (19,142,524) (18,700,819)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms H Gorbunova
Director
19 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fotopark Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04242813 . The registered office is 1st Floor Healthaid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line
Fixtures & Fittings 10% Straight line
Computer Equipment 25% Straight line
2.4. Director approval
Whilst the Director approves the accounts, there are a number of balances that are in dispute due to a potential claim against a previous Director.  At present no adjustment to the balance sheet is considered quantifiable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 8,846,823 680,594 10,119 9,537,536
As at 31 December 2024 8,846,823 680,594 10,119 9,537,536
Depreciation
As at 1 January 2024 1,785,146 745,631 10,119 2,540,896
Provided during the period 88,468 - - 88,468
As at 31 December 2024 1,873,614 745,631 10,119 2,629,364
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 6,973,209 (65,037 ) - 6,908,172
As at 1 January 2024 7,061,677 (65,037 ) - 6,996,640
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 367,159 368,037
Other debtors 11,876 11,876
Called up share capital not paid 1 1
379,036 379,914
Due after more than one year
Trade debtors 40,595 40,595
419,631 420,509
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 344,352 344,350
Corporation tax 48,044 45,701
Other taxes and social security 5,604,740 5,604,740
Other creditors 4,924,696 4,924,697
Overseas taxation 314,901 314,901
Accruals and deferred income 17,084 14,114
Director's loan account 1,251,145 904,100
12,504,962 12,152,603
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 13,965,365 13,965,365
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 4