Parklea Estates Sub Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13163261 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 27 JANUARY 2021 TO 30 NOVEMBER 2021

FOR

PARKLEA ESTATES SUB LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C Bard

REGISTERED OFFICE:

116 Bethune Road

London

United Kingdom

N16 5DU

REGISTERED NUMBER:

13163261 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

5

567,510

CURRENT ASSETS

Cash at bank

4,782

CREDITORS

Amounts falling due within one year

6

(167,164

)

NET CURRENT LIABILITIES

(162,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

405,128

CREDITORS

Amounts falling due after more than one year

7

(418,688

)

NET LIABILITIES

(13,560

)

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

11

(13,561

)

SHAREHOLDERS' DEFICIT

(13,560

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2021 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 and authorised for issue by the director and authorised for issue on 9 September 2022 and were signed by:

C Bard - Director

1.	STATUTORY INFORMATION

Parklea Estates Sub Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

567,510

At 30 November 2021

567,510

NET BOOK VALUE

At 30 November 2021

567,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

139,738

Other creditors

27,426

167,164

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

418,688

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

418,688

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

418,688

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

418,688

Bank loan is secured by first charge over the company's investment properties and bears interest at variable rates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

11.

RESERVES

Retained

earnings

£

Deficit for the period

(13,561

)

At 30 November 2021

(13,561

)