COMPANY REGISTRATION NUMBER:
08147196
|
Park Homes Countrywide Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Park Homes Countrywide Limited |
|
|
Statement of Financial Position |
|
31 July 2025
Current assets
|
Stocks |
1,080,000 |
|
– |
|
Debtors |
4 |
490,920 |
|
490,920 |
|
Cash at bank and in hand |
112 |
|
112 |
|
------------ |
|
--------- |
|
1,571,032 |
|
491,032 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
5,838 |
|
5,838 |
|
------------ |
|
--------- |
|
Net current assets |
|
1,565,194 |
485,194 |
|
|
------------ |
--------- |
|
Total assets less current liabilities |
|
1,565,194 |
485,194 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
|
1,040,406 |
460,406 |
|
|
|
|
|
|
Provisions |
|
115,000 |
– |
|
|
------------ |
--------- |
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Net assets |
|
409,788 |
24,788 |
|
|
------------ |
--------- |
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|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
1 |
|
Profit and loss account |
|
409,787 |
24,787 |
|
|
--------- |
-------- |
|
Shareholders funds |
|
409,788 |
24,788 |
|
|
--------- |
-------- |
|
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Park Homes Countrywide Limited |
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Statement of Financial Position (continued) |
|
31 July 2025
These financial statements were approved by the
board of directors
and authorised for issue on
27 May 2026
, and are signed on behalf of the board by:
|
Mr R P J Bull |
Mr K M Macdonald |
|
Director |
Director |
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Company registration number:
08147196
|
Park Homes Countrywide Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 July 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H7DQ, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
490,920 |
490,920 |
|
--------- |
--------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
5,838 |
5,838 |
|
------- |
------- |
|
|
|
6.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Long term creditors |
1,040,406 |
460,406
|
|
------------ |
--------- |
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