REGISTERED NUMBER: 03379396 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Parkside Corporation Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Bell

Mrs Z Bell

SECRETARY:

Mrs Z Bell

REGISTERED OFFICE:

3 Railway Court

Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

REGISTERED NUMBER:

03379396 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Property, plant and equipment

4

137

161

Investments

5

100

100

Investment property

6

4,775,000

4,725,000

4,775,237

4,725,261

CURRENT ASSETS

Debtors

7

236,246

98,764

Cash at bank

11,205

7,332

247,451

106,096

CREDITORS

Amounts falling due within one year

8

1,138,647

831,218

NET CURRENT LIABILITIES

(891,196

)

(725,122

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,884,041

4,000,139

CREDITORS

Amounts falling due after more than one year

9

(2,892,643

)

(2,914,190

)

PROVISIONS FOR LIABILITIES

(348,661

)

(336,167

)

NET ASSETS

642,737

749,782

CAPITAL AND RESERVES

Called up share capital

208

208

Share premium

6,996

6,996

Fair value reserve

11

521,879

484,379

Retained earnings

113,654

258,199

642,737

749,782

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2026 and were signed on its behalf by:

Mr P M Bell - Director

1.	STATUTORY INFORMATION

Parkside Corporation 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 6 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

5,328

DEPRECIATION

At 1 April 2024

5,167

Charge for year

24

At 31 March 2025

5,191

NET BOOK VALUE

At 31 March 2025

137

At 31 March 2024

161

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,725,000

Revaluations

50,000

At 31 March 2025

4,775,000

NET BOOK VALUE

At 31 March 2025

4,775,000

At 31 March 2024

4,725,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

209,478

Valuation in 2021

570,000

Valuation in 2023

41,027

Valuation in 2025

50,000

Cost

3,904,495

4,775,000

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

2025

2024

£

£

Cost

3,904,495

3,904,495

Investment property was valued on an open market basis on 31 March 2025 by Mr Paul Bell, the director of the company .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,889

7,162

Amounts owed by group undertakings

172,036

24,293

Prepayments and accrued income

62,321

67,309

236,246

98,764

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

94,944

19,944

Trade creditors

3,413

-

Tax

(122

)

12,323

Social security and other taxes

9,543

12,286

Other creditors

4,088

-

Wages control

5,437

-

Directors' current accounts

1,019,182

784,714

Accruals and deferred income

2,162

1,951

1,138,647

831,218

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

10,305

19,944

Bank loans - 2-5 years

-

10,305

Bank loans more 5 yr by instal

2,882,338

2,883,941

2,892,643

2,914,190

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,882,338

2,883,941

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loans

2,987,587

2,883,941

At 31 March 2025, Parkside Corporation Limited has a bank loan of £249,289 outstanding (2024: £249,289), which is secured by way of a fixed charge over the freehold property known as 1 Hazel Lodge, High Street, Rawcliffe, Goole, DN14 8EU which was transferred out of parent title YEA58671 dated 1 September 2022.

At 31 March 2025, Parkside Corporation Limited has a bank loan of £220,399 outstanding (2024: £220,418), which is secured by way of a fixed charge over the freehold property known as 2 Hazel Lodge, High Street, Rawcliffe, Goole, DN14 8EU and registered at HM Land Registry with title number YEA103951.

At 31 March 2025, Parkside Corporation Limited has a bank loan of £1,522.543 outstanding (2024: £1,522,714), which is secured by way of a fixed charge over the freehold properties known as: 1 The Coach House, Cross Street, Crowle, Scunthorpe, DN17 4LH registered at HM Land Registry with title number HS322357. 2 The Coach House, Cross Street, Crowle, Scunthorpe, DN17 4LH registered at HM Land Registry with title number HS326135. 1 Weeland Villas, Snaith, Goole, DN14 PJU with title number YEA20651. 48 Queens Drive, Crowle, Scunthorpe, DN17 4DL with title number HS320521. 50 Queens Drive, Crowle, Scunthorpe, DN17 4DL with title number HS319518. 11A, 15, 15A, 17, 17A Cross Street, Crowle, Scunthorpe, DN17 4LJ with title number HS148571. 1 Court Road, Snaith, Goole, DN14 9JL with title number HS265253. 24 Sotheron Street, Goole, DN14 5EY with title number YEA3451. This loan is also secured by way of a floating charge over the assets of the company.

At 31 March 2025, Parkside Corporation Limited has a bank loan of £592,414 (2024: £592,490), which is secured by way of a fixed charge over the freehold properties known as: 8 & 10 Queen Street, Thorne, Doncaster, DN8 5AA with title number SYK377688. 12, 14, 16 & 18 Queen Street, Thorne, Doncaster, DN8 5AA with title number SYK550346. Flat 1, 2 & 3, 86 Spring Gardens, Doncaster, DN1 3DJ with title number SYK27992. This loan is also secured by way of a floating charge over the assets of the company.

At 31 March 2025, Parkside Corporation Limited has a bank loan of £297,693 (2024: £299,029), which is secured by way of a fixed charge over the freehold property known as 3 Hazel Lodge, High Street, Rawcliffe, DN14 8EU with title number YEA105293. This loan is also secured by way of a floating charge over the assets of the company.

At 31 March 2025, Parkside Corporation Limited has a bank loan of £50,000 (2024: £0), which is secured by way of a fixed charge over the freehold property known as 17-17A Market Place, Snaith, Goole, DN14 9HE with title number YEA22478.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

484,379

Fair value reserve

37,500

At 31 March 2025

521,879

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.