Parkhaven Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC113060 (Scotland)

Financial Statements

for the Year Ended 31 August 2025

for

Parkhaven Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Osborne

T Paterson

REGISTERED OFFICE:

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

REGISTERED NUMBER:

SC113060 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

2,134

2,510

CURRENT ASSETS

Stocks

5

837,074

Debtors

6

2,185

3,021

Cash at bank and in hand

12,614

6,320

851,873

846,415

CREDITORS

Amounts falling due within one year

7

62,889

47,252

NET CURRENT ASSETS

788,984

799,163

TOTAL ASSETS LESS CURRENT
LIABILITIES

791,118

801,673

PROVISIONS FOR LIABILITIES

8

-

153

NET ASSETS

791,118

801,520

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

791,018

801,420

SHAREHOLDERS' FUNDS

791,118

801,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mrs M Osborne - Director

1.	STATUTORY INFORMATION

Parkhaven Property Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover 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.

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

and 31 August 2025

19,900

DEPRECIATION

At 1 September 2024

17,390

Charge for year

376

At 31 August 2025

17,766

NET BOOK VALUE

At 31 August 2025

2,134

At 31 August 2024

2,510

5.

STOCKS

31.8.25

31.8.24

£

Stock and Work In Progress

837,074

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Rent deposits

1,173

Prepayments

1,012

1,848

2,185

3,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Parkhaven Limited

44,762

37,262

Tax

17,143

8,918

Accrued expenses

984

1,072

62,889

47,252

8.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

-

153

Deferred

tax

£

Balance at 1 September 2024

153

Credit to Income Statement during year

(153

)

Reduced capital allowances

Balance at 31 August 2025

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

100

Ordinary Shares

£1

100

10.	RELATED PARTY DISCLOSURES

The balance due to the company by Parkhaven Ltd stands at £44,762,a company under common control.

11.	ULTIMATE CONTROLLING PARTY

There was no overall controlling party in the year.