REGISTERED NUMBER: 11461247 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

PREMIUM CAR PARKS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Bennett

Dr R Fisher

C Pengilly

REGISTERED OFFICE:

5 Beech Court

Hurst

Reading

RG10 0RQ

REGISTERED NUMBER:

11461247 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

5th Floor, R+ Building

2 Blagrave Street

Reading

Berkshire

RG1 1AZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

164,810

86,195

Investments

6

1

1

164,811

86,196

CURRENT ASSETS

Debtors

7

690,152

487,199

Cash at bank

1,365,640

1,350,415

2,055,792

1,837,614

CREDITORS

Amounts falling due within one year

8

1,278,385

932,987

NET CURRENT ASSETS

777,407

904,627

TOTAL ASSETS LESS CURRENT LIABILITIES

942,218

990,823

CREDITORS

Amounts falling due after more than one year

9

-

(8,333

)

PROVISIONS FOR LIABILITIES

12

(38,339

)

(17,971

)

NET ASSETS

903,879

964,519

CAPITAL AND RESERVES

Called up share capital

13

15

15

Retained earnings

903,864

964,504

SHAREHOLDERS' FUNDS

903,879

964,519

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 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 14 April 2026 and were signed on its behalf by:

M R Bennett - Director

1.	STATUTORY INFORMATION

Premium Car Parks Ltd 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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has cash resources and is profitable and cash positive on a monthly basis and therefore can see no circumstances where it will require external funding.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33.33% on cost

Computer equipment

-

33.33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 August 2024

and 31 July 2025

28,359

Amortisation

At 1 August 2024

and 31 July 2025

28,359

Net book value

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 August 2024

-

223,669

223,669

Additions

26,887

131,787

158,674

At 31 July 2025

26,887

355,456

382,343

Depreciation

At 1 August 2024

-

137,474

137,474

Charge for year

7,548

72,511

80,059

At 31 July 2025

7,548

209,985

217,533

Net book value

At 31 July 2025

19,339

145,471

164,810

At 31 July 2024

-

86,195

86,195

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 August 2024

and 31 July 2025

1

Net book value

At 31 July 2025

1

At 31 July 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

594,880

491,737

Bad debt provision

(10,374

)

(26,114

)

Other debtors

26,108

-

Tax

39,026

-

Called up share capital not paid

3

3

Prepayments and accrued income

40,509

21,573

690,152

487,199

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

8,334

10,000

Trade creditors

266,198

179,878

Corporation tax

-

123,788

Social security and other taxes

29,035

26,073

VAT

127,444

75,006

Other creditors

2,920

490

Pensions payable

2,982

3,036

Accruals and deferred income

841,470

514,716

Accrued expenses

2

-

1,278,385

932,987

9.	CREDITORS MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

-

8,333

Bank loans relate to COVID-19 support schemes and are repayable over a 6 year period. No capital is repayable in the first 12 months. Interest is charged at 2.5% per annum after the first year.

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

8,334

10,000

Amounts falling due between one and two years:

Bank Loans

-

8,333

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

33,314

21,757

Between one and five years

16,328

18,444

49,642

40,201

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Other timing differences

265

237

Accelerated capital allowance

38,074

17,734

38,339

17,971

Deferred

tax

£

Balance at 1 August 2024

17,971

Provided during year

20,368

Balance at 31 July 2025

38,339

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

12,000

Ordinary Class A

0.001

12

12

1,200

Ordinary Class B

0.001

1

1

2,400

Ordinary Class C

0.001

2

2

15

15

14.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,009 (2024 - £70,091) .

Contributions totalling £2,982 (2024 - £3,036) were payable to the fund at the balance sheet date and are included in creditors.

During the year, the directors established a Small Self-Administered Scheme (SSAS). The SSAS is available to certain directors and employees. Contributions of £759,264 were paid by the company into the SSAS during the year, of which £369,264 related to directors and £390,000 related to other employees (2024: £nil).

15.	RELATED PARTY DISCLOSURES

During the year, the directors established a Small Self-Administered Scheme (SSAS) pension arrangement for the benefit of the directors. The SSAS is considered a related party due to the directors’ control over the scheme.

Contributions of £759,264 were paid by the company to the SSAS during the year (2024: £nil). At the year end, £nil was payable to the SSAS (2024: £nil).

No other transactions occurred between the company and the SSAS during the year.