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Registered number: 10037547 PARKLANGLEY TRADING LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
PARKLANGLEY TRADING LTD REGISTERED NUMBER: 10037547 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 172,137 |  | 84,883
|  |  | 172,137 |  | 84,883
Current assets |  |  |  |  |
Stocks | 5 | 20,894 |  | 31,539 |
Debtors: amounts falling due within one year | 6 | 20,462 |  | 30,905 |
Cash at bank and in hand | 7 | 25,944 |  | 34,768 |
|  | 67,300 |  | 97,212 |
Creditors: amounts falling due within one year | 8 | (573,294) |  | (243,576) |
Net current liabilities |  |  | (505,994) |  | (146,364)
Total assets less current liabilities |  |  | (333,857) |  | (61,481)
Net liabilities |  |  | (333,857) |  | (61,481)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 10 |  | 10
Profit and loss account |  |  | (333,867) |  | (61,491)
|  |  | (333,857) |  | (61,481)
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
K Waterton
Director
Date: 1 May 2026
The notes on pages 2 to 7 form part of these financial statements. Page 1
PARKLANGLEY TRADING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The principal activity of the Parklangley Trading Ltd (the 'Company') is the operation of sports facilities. The Company is a private company limited by shares, incorporated in England and Wales. The address of the principle place of business is The Parklangley Club, 44a Wickham Way, Beckenham, Kent, BR3 3AF. The Company's functional and presentational currency is GBP. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. The Company has an overall net liabilities position of £333,857 with a strong cash balance of £25,944. The Company, as for any business, relies upon the generation of profits and cash to create working capital to meet its liabilities as they fall due. Based on the results to date, future projections and continued support from the parent company, the Directors are confident that the Company will continue to meet its liabilities as they fall due, looking forward at least twelve months from the date of signing these financial statements.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue comprises both income arising from the sale of food and drink net of value added tax and other services. Revenue is recognised when food and drink and other services is provided to the customer. Page 2
PARKLANGLEY TRADING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 15 - 20%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Financial instruments
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third parties and loans to and from related parties. (i) Financial assets Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Page 3
PARKLANGLEY TRADING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Financial instruments (continued)
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. (ii) Financial liabilities Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Fair value models assume that the effective rate of interest to be used for valuing fair value is that rate at which the company can obtain external finance.
3. | Employees
| The average monthly number of employees, including directors, during the year was 22 (2024 - 18).
Page 4
PARKLANGLEY TRADING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 April 2024 | 87,132
| Additions | 105,592
| At 31 March 2025 | 192,724
| Depreciation |
| At 1 April 2024 | 2,249
| Charge for the year on owned assets | 18,338
| At 31 March 2025 | 20,587
| Net book value |
| At 31 March 2025 | 172,137
| At 31 March 2024 | 84,883
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 20,894 | 31,539
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,813 | -
| Other debtors | 782 | -
| Prepayments and accrued income | 17,867 | 30,905
|  | 20,462 | 30,905
Page 5
PARKLANGLEY TRADING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 25,944 | 34,768
8. | Creditors: Amounts falling due within one year
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 34,578 | 19,010
| Amounts owed to group undertakings | 519,385 | 223,466
| Accruals and deferred income | 19,331 | 1,100
|  | 573,294 | 243,576
| Amounts owed to group undertakings are interest free and repayable on demand.
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 10 (2024 - 10) Ordinary Shares shares of £1.00 each | 10 | 10
10. | Prior year adjustment
The comparative information in the financial statements has been restated from the figures previously reported in the prior year financial statements as follows: A prior year adjustment was necessary to correct the allocation of costs. This restatement resulted in an increase in administration expenses previously reported by £61,491 and an increase in creditors by the same amount.
11. | Related party transactions
| The company has taken advantage of the exemption under FRS 102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
Page 6
PARKLANGLEY TRADING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Controlling party
The parent company and the ultimate controlling party is Parklangley Freeholds Limited, a registered Community Amateur Sports Club.
13. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 1 May 2026 by Catalina Feier FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.
Page 7