ACCOUNTS - Final Accounts

Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

Registered number: 12025841

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	PARK & MARINE SERVICES LIMITED


PARK & MARINE SERVICES LIMITED

COMPANY INFORMATION

Directors	M. C. Annis
	E. L. Annis


Registered number	12025841


Registered office	2nd Floor Origin One
	108 High St
	Crawley
	West Sussex
	RH10 1BD


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High St
	Crawley
	West Sussex
	RH10 1BD


PARK & MARINE SERVICES LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


PARK & MARINE SERVICES LIMITED REGISTERED NUMBER:12025841

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		368,289		393,739
			368,289		393,739
Current assets
Debtors: amounts falling due within one year	5	81,189		90,148
Cash at bank and in hand		47,228		89,150
		128,417		179,298
Creditors: amounts falling due within one year	6	(63,823)		(33,977)
Net current assets			64,594		145,321
Total assets less current liabilities			432,883		539,060
Creditors: amounts falling due after more than one year	7		(270,791)		(267,644)
Provisions for liabilities
Deferred tax	9	(9,423)		(11,113)
			(9,423)		(11,113)
Net assets			152,669		260,303

Capital and reserves
Called up, fully paid share capital	100	100
Profit and loss account	152,569	260,203
	152,669	260,303

Page 1


PARK & MARINE SERVICES LIMITED REGISTERED NUMBER:12025841

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M. C. Annis

Director

Date: 8 October 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


PARK & MARINE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Park & Marine Services Limited is a Private Company limited by shares incorporated in England and Wales, in the United Kingdom. The address of the registered office is shown on the Company information page, and the principal place of business is Yarwell Mill Country Park, Mill Road, Peterborough, PE8 6PZ.

The principal activity of the Company continued to be that of a management company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

As at 31 March 2026 the Company had net current assets of £64,594 (2025: £145,321), and the Company made a loss before tax of £92,011 (2025: £64,931) in the year.

After a review of the forecasts and renegotiation of the banking facilities the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. On the basis of their assessment of the Company's financial position, the Company's directors continue to adopt the going concern basis of accounting in preparing the Company's financial statements.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


PARK & MARINE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery	-	10-25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	20-50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


PARK & MARINE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2025	54,360	491,413	4,836	550,609
Additions	1,058	79,122	1,199	81,379
At 31 March 2026	55,418	570,535	6,035	631,988
Depreciation
At 1 April 2025	21,185	131,612	4,073	156,870
Charge for the year on assets	4,304	101,489	1,036	106,829
At 31 March 2026	25,489	233,101	5,109	263,699
Net book value
At 31 March 2026	29,929	337,434	926	368,289
At 31 March 2025	33,175	359,801	763	393,739

Page 5


PARK & MARINE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, is as follows:
	2026	2025
	£	£


Motor vehicles	317,429	333,127
	317,429	333,127

Debtors

					2026	2025
					£	£


Trade debtors	-	9,600
Prepayments and accrued income	81,189	80,548
	81,189	90,148

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank overdrafts	949	-
Trade creditors	1,184	26
Other taxation and social security	7,011	4,965
Obligations under finance lease and hire purchase contracts	51,761	17,621
Other creditors	-	8,447
Accruals and deferred income	2,918	2,918
	63,823	33,977

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Net obligations under finance leases and hire purchase contracts	270,791	267,644
	270,791	267,644

Page 6


PARK & MARINE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Within one year	51,761	17,621
Between 1-5 years	270,791	267,644
	322,552	285,265

9.	Deferred taxation

		2026
		£

	At beginning of year	(11,113)
	Charged to profit or loss	1,690
	At end of year	(9,423)

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

Fixed asset timing differences	(81,166)	(85,902)
Losses and other deductions	71,743	74,789
	(9,423)	(11,113)

10.

Related party transactions

During the year the Company entered into transactions with its Directors. The net amount payable to the Directors as at the year end totalled £Nil (2025: £8,447). During the year repayments were made of £8,447 (2025: advances £8,477). No interest is charged on outstanding balances.

During the year the Company received management charges from a company under common control of £178,534 (2025: £176,712). There are no outstanding amounts at the year end (2025: £Nil).

11.	Controlling party

The directors believe there is no ultimate controlling party.

Page 7