REGISTERED NUMBER: 03965103 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

PARK ROYAL TIMBERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Davey

REGISTERED OFFICE:

495 Green Lanes

London

N13 4BS

REGISTERED NUMBER:

03965103 (England and Wales)

ACCOUNTANTS:

Avraam Associates Limited

Chartered Accountants

495 Green Lanes

London

N13 4BS

FIXED ASSETS

Tangible assets

4

179,111

140,960

Investment property

5

500,000

500,000

679,111

640,960

CURRENT ASSETS

Stocks

523,467

521,409

Debtors

6

369,526

446,124

Cash at bank and in hand

126,469

108,519

1,019,462

1,076,052

CREDITORS

Amounts falling due within one year

7

619,234

566,125

NET CURRENT ASSETS

400,228

509,927

TOTAL ASSETS LESS CURRENT LIABILITIES

1,079,339

1,150,887

PROVISIONS FOR LIABILITIES

9

103,769

94,050

NET ASSETS

975,570

1,056,837

CAPITAL AND RESERVES

Called up share capital

10

4,000

4,000

Non distributable reserve

11

185,465

185,465

Capital redemption reserve

(54,000

)

(54,000

)

Retained earnings

840,105

921,372

SHAREHOLDERS' FUNDS

975,570

1,056,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27th May 2026 and were signed by:

G Davey - Director

1.	STATUTORY INFORMATION

Park Royal Timbers Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2025 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

343,386

Additions

73,136

Disposals

(56,689

)

At 31st March 2026

359,833

DEPRECIATION

At 1st April 2025

202,426

Charge for year

32,803

Eliminated on disposal

(54,507

)

At 31st March 2026

180,722

NET BOOK VALUE

At 31st March 2026

179,111

At 31st March 2025

140,960

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

and 31st March 2026

500,000

NET BOOK VALUE

At 31st March 2026

500,000

At 31st March 2025

500,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2020

500,000

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

252,714

252,714

The investment property was valued on an open market basis on 23rd September 2020 by Aitchison Raffety .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

356,431

433,126

Other debtors

13,095

12,998

369,526

446,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

384,873

259,144

Taxation and social security

64,670

77,330

Other creditors

169,691

229,651

619,234

566,125

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Factoring

149,145

216,036

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

103,769

94,050

Deferred

tax

£

Balance at 1st April 2025

94,050

Charge to Income Statement during year

9,719

Balance at 31st March 2026

103,769

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

4,000

Ordinary

£1

4,000

4,000

11.

RESERVES

Non

distributable

reserve

£

At 1st April 2025

and 31st March 2026

185,465