| PARKVUE LTD |
| Registered number: |
07209043 |
| Balance Sheet |
| as at 31 March 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1 |
|
|
1 |
| Investment property |
4 |
|
|
162,000 |
|
|
162,000 |
|
|
|
|
162,001 |
|
|
162,001 |
|
| Current assets |
| Cash at bank and in hand |
|
|
12,390 |
|
|
8,449 |
|
| Creditors: amounts falling due within one year |
5 |
|
(65,212) |
|
|
(65,416) |
|
| Net current liabilities |
|
|
|
(52,822) |
|
|
(56,967) |
|
| Total assets less current liabilities |
|
|
|
109,179 |
|
|
105,034 |
|
|
| Provisions for liabilities |
|
|
|
(6,128) |
|
|
(6,128) |
|
|
| Net assets |
|
|
|
103,051 |
|
|
98,906 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
102,951 |
|
|
98,806 |
|
| Shareholders' funds |
|
|
|
103,051 |
|
|
98,906 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| E O'Kane |
| Director |
| Approved by the board on 14 January 2023 |
|
| PARKVUE LTD |
| Notes to the Accounts |
| for the year ended 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Investment property |
|
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
|
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer equipment |
| £ |
|
Cost |
|
At 1 April 2021 |
3,899 |
|
Transfer to investment property |
|
At 31 March 2022 |
3,899 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2021 |
3,898 |
|
At 31 March 2022 |
3,898 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 |
1 |
|
At 31 March 2021 |
1 |
|
|
|
| 4 |
Investment property |
|
|
|
|
2022 |
|
2021 |
|
|
|
|
|
|
£ |
|
£ |
|
B/fwd |
162,000.00 |
|
- |
|
Additions |
- |
|
- |
|
Revaluation |
0 |
|
32,251.00 |
|
Transfers to/from tangible fixed assets |
0 |
|
129,749.00 |
|
Disposals |
- |
|
- |
|
|
|
|
|
|
162,000 |
|
162,000 |
|
|
|
|
|
|
|
|
|
|
Investment property was valued at its open market value on 31 March 2021 by E O'Kane, the director of the company who is not a qualified valuer. The director confirms there is no change in the property value at 31st March 2022 |
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Taxation and social security costs |
972 |
|
1,174 |
|
Other creditors |
64,240 |
|
64,242 |
|
|
|
|
|
|
65,212 |
|
65,416 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
PARKVUE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
Middlesex |
|
HA7 1JS |
