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Registered number: 11532419
Parkside Estates (Salford) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Chartwell Accountants & Business Consultants LLP
Chartered Certified Accountants
47 Bury New Road
Prestwich
M25 9JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11532419
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 778,462 778,462
778,462 778,462
CURRENT ASSETS
Debtors 5 100,046 116,386
Cash at bank and in hand - 24
100,046 116,410
Creditors: Amounts Falling Due Within One Year 6 (23,994 ) (10,338 )
NET CURRENT ASSETS (LIABILITIES) 76,052 106,072
TOTAL ASSETS LESS CURRENT LIABILITIES 854,514 884,534
Creditors: Amounts Falling Due After More Than One Year 7 (1,062,982 ) (1,065,107 )
NET LIABILITIES (208,468 ) (180,573 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (208,470 ) (180,575 )
SHAREHOLDERS' FUNDS (208,468) (180,573)
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Yisroel Schreiber
Director
20/04/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Parkside Estates (Salford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11532419 . The registered office is 47 Bury New Road, Prestwich, M25 9JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 September 2024 778,462
As at 31 August 2025 778,462
Net Book Value
As at 31 August 2025 778,462
As at 1 September 2024 778,462
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Called up share capital not paid 2 2
Due after more than one year
Other debtors 100,044 116,384
100,046 116,386
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 450
Other creditors 20,600 7,088
Accruals and deferred income 3,394 2,800
23,994 10,338
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 525,657 531,636
Other creditors 537,325 533,471
1,062,982 1,065,107
8. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
Page 4