PARKFIELD RESIDENTIALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E Orchard

REGISTERED OFFICE:

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

REGISTERED NUMBER:

14220044 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Investment property

4

161,200

155,000

CURRENT ASSETS

Debtors

5

1,119

1,395

Cash at bank

8,139

6,458

9,258

7,853

CREDITORS

Amounts falling due within one year

6

71,580

71,508

NET CURRENT LIABILITIES

(62,322

)

(63,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

98,878

91,345

CREDITORS

Amounts falling due after more than one year

7

(89,199

)

(89,199

)

PROVISIONS FOR LIABILITIES

9

(1,800

)

(400

)

NET ASSETS

7,879

1,746

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

7,779

1,646

SHAREHOLDERS' FUNDS

7,879

1,746

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

C E Orchard - Director

1.	STATUTORY INFORMATION

Parkfield Residentials 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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

Turnover from rents received is recognised on an accruals basis in the period to which it relates.

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 Statement of Income and Retained Earnings, 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.

Going concern

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's director. The director has pledged to support the company for the foreseeable future and it is therefore appropriate to adopt the going concern policy.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

155,000

Revaluations

6,200

At 31 July 2025

161,200

NET BOOK VALUE

At 31 July 2025

161,200

At 31 July 2024

155,000

The valuation of Investment Property is based on management's assessment of the fair value at each reporting date.

Fair value at 31 July 2025 is represented by:

£

Valuation in 2024

7,808

Valuation in 2025

6,200

Cost

147,192

161,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,119

1,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

71,580

71,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

89,199

89,199

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

89,199

89,199

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

89,199

89,199

The bank loan is secured by a fixed charge over the company's investment property.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,800

400

Deferred

tax

£

Balance at 1 August 2024

400

Provided during year

1,400

Balance at 31 July 2025

1,800

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

At the year end, £70,860 (2024: £70,548) was due to the director of the company. This amount is interest-free and repayable on demand.