Park Lane Bath Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08992021 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

PARK LANE BATH LTD

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr P J Andrews

REGISTERED OFFICE:

584 Wellsway

Bath

Somerset

BA2 2UE

REGISTERED NUMBER:

08992021 (England and Wales)

ACCOUNTANTS:

JRS Accountants Limited

584 Wellsway

Bath

Somerset

BA2 2UE

The director presents his report with the financial statements of the company for the year ended 30 April 2023.

DIRECTOR

Mr P J Andrews held office during the whole of the period from 1 May 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P J Andrews - Director

25 January 2024

FIXED ASSETS

Tangible assets

4

2,233

2,977

Investments

5

84

84

2,317

3,061

CURRENT ASSETS

Debtors

6

732,388

340,642

Cash at bank

9,991

229,719

742,379

570,361

CREDITORS

Amounts falling due within one year

7

(64,249

)

(61,309

)

NET CURRENT ASSETS

678,130

509,052

TOTAL ASSETS LESS CURRENT LIABILITIES

680,447

512,113

CAPITAL AND RESERVES

Called up share capital

254

254

Retained earnings

680,193

511,859

SHAREHOLDERS' FUNDS

680,447

512,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 by the director and authorised for issue on 25 January 2024 and were signed by:

Mr P J Andrews - Director

1.	STATUTORY INFORMATION

Park Lane Bath 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.

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.

Equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 May 2022

and 30 April 2023

5,199

DEPRECIATION

At 1 May 2022

2,222

Charge for year

744

At 30 April 2023

2,966

NET BOOK VALUE

At 30 April 2023

2,233

At 30 April 2022

2,977

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

undertakings

venture

Totals

£

£

£

COST

At 1 May 2022

and 30 April 2023

2

82

84

NET BOOK VALUE

At 30 April 2023

2

82

84

At 30 April 2022

2

82

84

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

18,290

2,900

Amounts owed by joint ventures

1,241

1,241

Amounts owed by associates

750

500

Other debtors

323,750

336,001

Directors' loan accounts

388,357

-

732,388

340,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed to group undertakings

-

7,330

Amounts owed to joint ventures

10,000

1

Tax

1,550

1,550

Other creditors

49,999

50,000

Directors' loan accounts

-

28

Accrued expenses

2,700

2,400

64,249

61,309