1 June 2024 false No description of principal activity Taxfiler 2024.6 03318238 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03318238 2024-05-31 03318238 2024-06-01 2025-05-31 03318238 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 03318238 business:FilletedAccounts 2024-06-01 2025-05-31 03318238 2025-05-31 03318238 business:Director1 2024-06-01 2025-05-31 03318238 business:Director2 2024-06-01 2025-05-31 03318238 business:RegisteredOffice 2024-06-01 2025-05-31 03318238 2024-05-31 03318238 core:WithinOneYear 2025-05-31 03318238 core:WithinOneYear 2024-05-31 03318238 core:AfterOneYear 2025-05-31 03318238 core:AfterOneYear 2024-05-31 03318238 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 03318238 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 03318238 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 03318238 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 03318238 core:PreviouslyStatedAmount 2025-05-31 03318238 core:PreviouslyStatedAmount 2024-05-31 03318238 business:SmallEntities 2024-06-01 2025-05-31 03318238 countries:EnglandWales 2024-06-01 2025-05-31 03318238 core:LandBuildings 2024-05-31 03318238 core:LandBuildings 2025-05-31 03318238 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 03318238 (England and Wales)
PARKDALE ESTATES LIMITED Unaudited accounts for the year ended 31 May 2025
PARKDALE ESTATES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
PARKDALE ESTATES LIMITED Company Information for the year ended 31 May 2025
Directors
Mr Yash Pal Malhotra Mrs Lisa Malhotra Webb
Company Number
03318238 (England and Wales)
Registered Office
6 WINCHESTER ROAD LONDON N6 5HW ENGLAND
- 3 -
PARKDALE ESTATES LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,709,301
7,709,301
Current assets
Debtors
5
64,301
488,235
Cash at bank and in hand
7,868
22,283
72,169
510,518
Creditors: amounts falling due within one year
6
(480,059)
(708,409)
Net current liabilities
(407,890)
(197,891)
Total assets less current liabilities
7,301,411
7,511,410
Creditors: amounts falling due after more than one year
7
(2,296,240)
(2,643,276)
Provisions for liabilities
Deferred tax
(68,479)
(68,479)
Net assets
4,936,692
4,799,655
Capital and reserves
Called up share capital
4,000,002
4,000,002
Profit and loss account
936,690
799,653
Shareholders' funds
4,936,692
4,799,655
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by
Mr Yash Pal Malhotra Director Company Registration No. 03318238
- 4 -
PARKDALE ESTATES LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
PARKDALE ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03318238. The registered office is 6 WINCHESTER ROAD, LONDON, N6 5HW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 June 2024
7,709,301
At 31 May 2025
7,709,301
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
7,709,301
At 31 May 2024
7,709,301
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
32,841
69,708
Amounts due from group undertakings etc.
28,968
416,035
Accrued income and prepayments
2,492
2,492
64,301
488,235
- 5 -
PARKDALE ESTATES LIMITED Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
185,560
185,560
VAT
14,992
12,723
Trade creditors
-
214,542
Amounts owed to group undertakings and other participating interests
25,600
40,132
Taxes and social security
88,884
53,205
Loans from directors
122,500
159,724
Accruals
42,523
42,523
480,059
708,409
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,248,150
2,595,186
Other creditors
48,090
48,090
2,296,240
2,643,276
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -