Registered number
11704924
Park Lets Management Limited
Unaudited Filleted Accounts
30 June 2025

Park Lets Management Limited
Registered number: | 11704924
Balance Sheet
as at 30 June 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 18,253 |  |  | 22,816
|  |  |  | 18,253 |  |  | 22,816
Current assets
Debtors | 4 |  | 137,953 |  |  | 53,049
Cash at bank and in hand |  |  | 40,041 |  |  | 53,525
|  |  | 177,994 |  |  | 106,574
Creditors: amounts falling due within one year | 5 |  | (11,700) |  |  | (15,432)
Net current assets |  |  |  | 166,294 |  |  | 91,142
Total assets less current liabilities |  |  |  | 184,547 |  |  | 113,958
Creditors: amounts falling due after more than one year | 6 |  |  | (85,733) |  |  | (23,667)
Provisions for liabilities |  |  |  | (3,468) |  |  | -
Net assets |  |  |  | 95,346 |  |  | 90,291
Capital and reserves
Called up share capital |  |  |  | 3 |  |  | 3
Profit and loss account |  |  |  | 95,343 |  |  | 90,288
Shareholders' funds |  |  |  | 95,346 |  |  | 90,291
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Narayanen
Director
Approved by the board on 2 March 2026

Park Lets Management Limited
Notes to the Accounts
for the year ended 30 June 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover represents admin and management fees receivable.
| Cash & cash equivalents
| Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Motor vehicles | 20% reducing balance
| Debtors
| Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax libilities and assets are measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date. Current tax assets and liabilities are not discounted.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
| (including directors)
3 | Tangible fixed assets
|  |  |  |  |  | Motor vehicles |  | Total
£ | £
| Cost
| At 1 July 2024 | 35,650 |  | 35,650
| At 30 June 2025 | 35,650 |  | 35,650
| Depreciation
| At 1 July 2024 | 12,834 |  | 12,834
| Charge for the year | 4,563 |  | 4,563
| At 30 June 2025 | 17,397 |  | 17,397
| Net book value
| At 30 June 2025 | 18,253 |  | 18,253
| At 30 June 2024 | 22,816 |  | 22,816
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 137,953 |  | 53,049
|  |  |  |  |  | 137,953 |  | 53,049
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 1,750 |  | 1,750
| Obligations under finance lease and hire purchase contracts | 5,519 |  | 5,287
| Taxation and social security costs | 3,070 |  | 7,045
| Other creditors | 1,361 |  | 1,350
|  |  |  |  |  | 11,700 |  | 15,432
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | - |  | 1,750
| Obligations under finance lease and hire purchase contracts | 16,398 |  | 21,917
| Other creditors | 69,335 |  | -
|  |  |  |  |  | 85,733 |  | 23,667
7 | Loans to directors
| Description and conditions | B/fwd | Advanced | Repaid | C/fwd
£ | £ | £ | £
| N Narayanen
|  | 3,049 |  | 134,904 |  | - |  | 137,953
|  | 3,049 |  | 134,904 |  | - |  | 137,953
8 | Related party transactions
| At the reporting date, amounts due from related parties of the entity under common control amounted to £0 (2024; £50,000).
9 | Other information
| Park Lets Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Park Lets, 73 St. Georges Terrace
| Jesmond
| Newcastle upon Tyne
| NE2 2DL

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