Park House (Weston-Super-Mare) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04399759 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

PARK HOUSE (WESTON-SUPER-MARE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Larkin

REGISTERED OFFICE:

Beckwith Barn

Warren Estate

Lordship Road

Chelmsford

Essex

CM1 3WT

REGISTERED NUMBER:

04399759 (England and Wales)

ACCOUNTANTS:

Xeinadin South East Limited

5b Beckwith Barn

Warren Estate

Lordship Road

Chelmsford

Essex

CM1 3WT

FIXED ASSETS

Tangible assets

5

2,956,744

2,663,145

CURRENT ASSETS

Stocks

3,750

Debtors

6

162,343

135,340

Cash at bank and in hand

96,554

81,295

262,647

220,385

CREDITORS

Amounts falling due within one year

7

887,101

752,809

NET CURRENT LIABILITIES

(624,454

)

(532,424

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,332,290

2,130,721

CREDITORS

Amounts falling due after more than one
year

8

(1,102,345

)

(891,235

)

PROVISIONS FOR LIABILITIES

9

(19,400

)

(14,578

)

NET ASSETS

1,210,545

1,224,908

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

1,203,444

Retained earnings

7,001

21,364

1,210,545

1,224,908

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 10 August 2026 and were signed by:

A Larkin - Director

1.	STATUTORY INFORMATION

Park House (Weston-Super-Mare) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Improvements to property

-

Straight line over 50 years

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance and not provided

The freehold property is initially measured at cost, including transaction costs. Subsequently the freehold property is measured at fair value. Gains and losses arising from changes in the fair value of the freehold property is included in the profit and loss in the period in which they arise.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2025 - 36 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

fittings

£

COST

At 1 April 2025

1,546,578

1,220,354

353,239

Additions

-

437,310

26,791

Disposals

-

At 31 March 2026

1,546,578

1,657,664

380,030

DEPRECIATION

At 1 April 2025

-

294,195

315,414

Charge for year

-

30,820

16,154

Eliminated on disposal

-

At 31 March 2026

-

325,015

331,568

NET BOOK VALUE

At 31 March 2026

1,546,578

1,332,649

48,462

At 31 March 2025

1,546,578

926,159

37,825

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2025

153,784

86,062

3,360,017

Additions

-

1,494

465,595

Disposals

(153,784

)

-

(153,784

)

At 31 March 2026

-

87,556

3,671,828

DEPRECIATION

At 1 April 2025

38,447

48,816

696,872

Charge for year

-

9,685

56,659

Eliminated on disposal

(38,447

)

-

(38,447

)

At 31 March 2026

-

58,501

715,084

NET BOOK VALUE

At 31 March 2026

-

29,055

2,956,744

At 31 March 2025

115,337

37,246

2,663,145

The fair value of the property as at 31 March 2026 has been arrived at on the basis of a valuation carried out by Mr A Larkin, the director of the company. The valuation was arrived at by reference to market evidence.

The historical cost of the freehold property was £343,134. No depreciation was charged.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

2,504

9,155

Amounts owed by group undertakings

140,446

105,000

Other debtors

19,393

21,185

162,343

135,340

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

103,604

110,463

Trade creditors

62,249

38,974

Amounts owed to group undertakings

399,266

439,327

Taxation and social security

57,270

45,120

Other creditors

264,712

118,925

887,101

752,809

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

1,002,545

891,235

Other creditors

99,800

-

1,102,345

891,235

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

420,292

801,712

Other loans more 5yrs instal

27,777

-

448,069

801,712

The bank loans are secured by a first legal charge over the property, together with a fixed and floating charge over the assets of the company.

The aggregate amount of secured debt is £1,106,150 (2025: £895,712)

Included within creditors: amounts falling due after more than one year is an amount of £448,069 (2025: £801,712) in respect of liabilities payable by instalments which fall due for payment after more than five years from the reporting date.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

Accelerated capital allowances

19,400

14,578

Deferred

tax

£

Balance at 1 April 2025

14,578

Provided during year

4,822

Balance at 31 March 2026

19,400

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

1,203,444

11.	ULTIMATE CONTROLLING PARTY

Larkhouse Investments Limited is the ultimate parent company of Park House (Weston-super-Mare) Limited. The registered office address of this company is Kingfisher House, 11 Hoffmanns Way, Chelmsford, Essex CM1 1GU. The balance due to Larkhouse Investments Limited as at 31 March 2026 was £398,275 (2025: £439,327).