I PARK SERVICES LIMITED


Director	IDESON, William Leonard


Company Secretary	MICHELMORES SECRETARIES LIMITED


Registered Address	2 Europe Way
	Marvejols Business Park
	Cockermouth
	CA13 0RJ


Registered Number	11546290 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		111,736		125,645
			111,736		125,645
Current assets
Debtors	4	234,897		120,086
Cash at bank and on hand		166,698		98,161
		401,595		218,247
Creditors amounts falling due within one year	5	(226,623)		(154,525)
Net current assets (liabilities)			174,972		63,722
Total assets less current liabilities			286,708		189,367
Creditors amounts falling due after one year	6		(115,841)		(98,646)
Provisions for liabilities	7		(26,300)		(29,700)
Net assets			144,567		61,021
Capital and reserves
Called up share capital			100		100
Profit and loss account			144,467		60,921
Shareholders' funds			144,567		61,021

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 15 April 2026, and are signed on its behalf by:

IDESON, William Leonard
Director
Registered Company No. 11546290

I PARK SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in Pounds Sterling (£) and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	20
	Plant and machinery	20
	Vehicles	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice 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.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		15

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	4,475	95,246	48,193	26,836	174,750
Additions	-	9,564	700	2,192	12,456
At 31 December 25	4,475	104,810	48,893	29,028	187,206
Depreciation and impairment
At 01 January 25	3,108	27,728	8,410	9,859	49,105
Charge for year	273	14,471	8,062	3,559	26,365
At 31 December 25	3,381	42,199	16,472	13,418	75,470
Net book value
At 31 December 25	1,094	62,611	32,421	15,610	111,736
At 31 December 24	1,367	67,518	39,783	16,977	125,645

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,335	1,335
Amounts owed by group undertakings	112,564	5,299
Other debtors	61,741	59,695
Prepayments and accrued income	59,257	53,757
Total	234,897	120,086

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	25,740	28,986
Bank borrowings and overdrafts	44,422	39,904
Taxation and social security	48,994	59,255
Finance lease and HP contracts	8,586	8,237
Other creditors	81,808	6,739
Accrued liabilities and deferred income	17,073	11,404
Total	226,623	154,525

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	96,590	70,809
Other creditors	19,251	27,837
Total	115,841	98,646

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	26,300	29,700
Total	26,300	29,700

8.	Off-balance sheet arrangements
	The total amount of financial commitments not included in the balance sheet is £559,667 (2024 - £177,917).

9.	Related party transactions
	On 1 January 2025 the Director owed the Company £57,947. During the period the director was advanced a further £166,365 and repaid £166,268. As at 31 December 2025 the Director owed the Company £58,044. The loan is unsecured and repayable upon demand. During the year a loan existed between I Park Services Limited and I Park Smart Limited. This loan is interest free and repayable on demand. The balance due to I Park Services Limited at 31 December 2025 is £5,564 (2024 - £5,299). During the year a loan existed between I Park Services Limited and I Park Holdings Limited. This loan is interest free and repayable on demand. The balance due to I Park Services Limited at 31 December 2025 is £107,000 (2024 - £Nil).

Related party transactions

On 1 January 2025 the Director owed the Company £57,947. During the period the director was advanced a further £166,365 and repaid £166,268. As at 31 December 2025 the Director owed the Company £58,044. The loan is unsecured and repayable upon demand.

During the year a loan existed between I Park Services Limited and I Park Smart Limited. This loan is interest free and repayable on demand. The balance due to I Park Services Limited at 31 December 2025 is £5,564 (2024 - £5,299).

During the year a loan existed between I Park Services Limited and I Park Holdings Limited. This loan is interest free and repayable on demand. The balance due to I Park Services Limited at 31 December 2025 is £107,000 (2024 - £Nil).