COMPANY REGISTRATION NUMBER:
11574813
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2025
Current assets
|
Stocks |
– |
903,295 |
|
Debtors |
5 |
375,418 |
15,322 |
|
Cash at bank and in hand |
13,311 |
25,499 |
|
--------- |
--------- |
|
388,729 |
944,116 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
83,949 |
552,394 |
|
--------- |
--------- |
|
Net current assets |
304,780 |
391,722 |
|
--------- |
--------- |
|
Total assets less current liabilities |
304,780 |
391,722 |
|
--------- |
--------- |
|
Net assets |
304,780 |
391,722 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
304,680 |
391,622 |
|
--------- |
--------- |
|
Shareholders funds |
304,780 |
391,722 |
|
--------- |
--------- |
|
|
|
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 December 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
25 August 2026
, and are signed on behalf of the board by:
|
R Pankhania |
S Ladwa |
|
Director |
Director |
|
|
Company registration number:
11574813
|
Notes to the Financial Statements |
|
Year ended 31 December 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 173 Cleveland Street, London, W1T 6QR. The trading address of the company is 2nd Floor, Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR.
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.
Going concern
The directors' believe that due to the availability of reserves, there are no material uncertainties about the company's ability to continue for at least the next 12 months from the date of this report.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises of proceeds from property sales, rental income, and other fees receivable and is stated net of value added tax where appropriate. Revenue relating to property sales is recognised when legally binding contracts which are irrevocable and effectively unconditional are exchanged and, when completion has taken place prior to the date on which the financial statements are approved.
Stocks
Stocks which comprises of development properties are valued at the lower of cost and estimated net realisable value. Stock includes principally the property cost, construction costs, project management costs and all associated costs incurred during the course of development. Net realisable value is the price at which the stock can be realised in the normal course of business, less further costs to completion of sale. Interest and loan arrangement fees payable to acquire and develop properties for resale is written off as incurred.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2024: 2).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
374,699 |
– |
|
Other debtors |
719 |
15,322 |
|
--------- |
-------- |
|
375,418 |
15,322 |
|
--------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
180 |
303,912 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
85,000 |
|
Other creditors |
83,769 |
163,482 |
|
-------- |
--------- |
|
83,949 |
552,394 |
|
-------- |
--------- |
|
|
|
7.
Related party transactions
The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.
8.
Controlling party
The immediate parent company is
Parkview Homes Limited
, a company incorporated in England and Wales. The ultimate controlling party is Parkview UK Holdings Limited
, a company incorporated in England and Wales with its registered office located at 173 Cleveland Street, London, W1T 6QR
.