Company Registration No. 07392830 (England and Wales)
Park Lane NE Ltd
Unaudited accounts
for the year ended 30 November 2025
Park Lane NE Ltd
Unaudited accounts
Contents
Park Lane NE Ltd
Company Information
for the year ended 30 November 2025
Directors
John Dickman
Karen Dickman
Company Number
07392830 (England and Wales)
Registered Office
13-14 Derwent Street
Sunderland
SR1 3NT
Accountants
Waite Accountants Limited
Hope Street Xchange
1-3 Hind Street
Sunderland
SR1 3QD
Park Lane NE Ltd
Statement of financial position
as at 30 November 2025
Tangible assets
156,672
250,003
Cash at bank and in hand
301,482
124,641
Creditors: amounts falling due within one year
(399,164)
(496,406)
Net current liabilities
(40,657)
(330,923)
Total assets less current liabilities
116,015
(80,920)
Provisions for liabilities
Deferred tax
(30,301)
(52,458)
Net assets/(liabilities)
85,714
(133,378)
Called up share capital
100
100
Profit and loss account
85,614
(133,478)
Shareholders' funds
85,714
(133,378)
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2026 and were signed on its behalf by
Karen Dickman
Director
Company Registration No. 07392830
Park Lane NE Ltd
Notes to the Accounts
for the year ended 30 November 2025
Park Lane NE Ltd is a private company, limited by shares, registered in England and Wales, registration number 07392830. The registered office is 13-14 Derwent Street, Sunderland, SR1 3NT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Park Lane NE Ltd
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2024
919,884
53,187
93,988
472,291
3,431
1,542,781
Additions
-
3,970
-
2,723
1,099
7,792
Disposals
-
-
(89,990)
-
-
(89,990)
At 30 November 2025
919,884
57,157
3,998
475,014
4,530
1,460,583
At 1 December 2024
873,374
18,855
35,190
364,761
598
1,292,778
Charge for the year
4,698
8,929
7,888
28,665
797
50,977
On disposals
-
-
(39,844)
-
-
(39,844)
At 30 November 2025
878,072
27,784
3,234
393,426
1,395
1,303,911
At 30 November 2025
41,812
29,373
764
81,588
3,135
156,672
At 30 November 2024
46,510
34,332
58,798
107,530
2,833
250,003
Finished goods
26,043
21,380
Amounts falling due within one year
Amounts due from group undertakings etc.
11,683
-
Accrued income and prepayments
17,464
19,462
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
7,388
Trade creditors
40,765
38,298
Taxes and social security
92,218
81,226
Other creditors
41,707
27,742
Loans from directors
154,996
293,467
Park Lane NE Ltd
Notes to the Accounts
for the year ended 30 November 2025
8
Transactions with related parties
Key management personnel of the entity (in the aggregate)
Amount due to related party
2025- £154,996
2024- £293,467
No interest is charged on the above loan.
9
Average number of employees
During the year the average number of employees was 47 (2024: 38).