Park Industrial and Agricultural Holding - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01359576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

PARK INDUSTRIAL AND AGRICULTURAL

HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Schreiber

J Schreiber

R C B Lanyon

REGISTERED OFFICE:

147 Stamford Hill

London

N16 5LG

REGISTERED NUMBER:

01359576 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

CURRENT ASSETS

Debtors

5

7,014,082

7,169,428

Cash at bank

94,560

144,590

7,108,642

7,314,018

CREDITORS

Amounts falling due within one year

6

(213,927

)

(359,409

)

NET CURRENT ASSETS

6,894,715

6,954,609

TOTAL ASSETS LESS CURRENT LIABILITIES

6,894,715

6,954,609

CREDITORS

Amounts falling due after more than one year

7

(43,833

)

(90,364

)

NET ASSETS

6,850,882

6,864,245

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

6,849,882

6,863,245

6,850,882

6,864,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 by the Board of Directors and authorised for issue on 23 January 2023 and were signed on its behalf by:

M Schreiber - Director

1.	STATUTORY INFORMATION

Park Industrial and Agricultural Holdings Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2021

and 30 April 2022

336,661

DEPRECIATION

At 1 May 2021

and 30 April 2022

336,661

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

(340

)

63,069

Amounts owed by group undertakings

166,981

166,981

Other debtors

6,847,441

6,939,378

7,014,082

7,169,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

264,974

328,354

Taxation and social security

(54,517

)

25,555

Other creditors

3,470

5,500

213,927

359,409

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans

37,186

45,172

Finance leases

4,619

43,164

Other creditors

2,028

2,028

43,833

90,364