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Registration number: 15220593

Park Gate Creative Ltd Unaudited Financial Statements for the Year Ended 31 October 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Park Gate Creative Ltd

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 5

Park Gate Creative Ltd

Company Information

Directors | M S Pycroft K A Pycroft

Registered office | 15 Harrier Close Harrier Close Ipswich England IP3 9TF

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Park Gate Creative Ltd

Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 706 | -
Current assets |  |  |
Debtors | 5 | 1,466 | 100
Cash at bank and in hand |  | 6,568 | -
|  | 8,034 | 100
Creditors: Amounts falling due within one year | 6 | (12,380) | -
Net current (liabilities)/assets |  | (4,346) | 100
Net (liabilities)/assets |  | (3,640) | 100
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (3,740) | -
Shareholders' (deficit)/funds |  | (3,640) | 100

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Park Gate Creative Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:

.........................................

M S Pycroft

Director

Company registration number: 15220593

Park Gate Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Harrier Close
Harrier Close
Ipswich
IP3 9TF
England

The principal activity of the company is that of creative production and performing arts.

2 | Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 October 2025 and had net liabilities at that date of £3,640. The company began trading late in the year and has traded profitably after the year end.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Park Gate Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

Park Gate Creative Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 737 | 737
At 31 October 2025 | 737 | 737
Depreciation
Charge for the year | 31 | 31
At 31 October 2025 | 31 | 31
Carrying amount
At 31 October 2025 | 706 | 706

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 1,466 | 100
| 1,466 | 100

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 938 | -
Accruals and deferred income | 9,300 | -
Other creditors | 2,142 | -
| 12,380 | -