Parkhouse Farm Developments Ltd - Accounts to registrar (filleted) - small 23.2.5
Parkhouse Farm Developments Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 |
| FOR |
| PARKHOUSE FARM DEVELOPMENTS LTD |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PARKHOUSE FARM DEVELOPMENTS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 36 - 40 Doncaster Road |
| Barnsley |
| South Yorkshire |
| S70 1TL |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| BALANCE SHEET |
| 31 OCTOBER 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve | 13 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2023 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| 1. | STATUTORY INFORMATION |
| Parkhouse Farm Developments Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2022 |
| Additions |
| At 31 October 2023 |
| DEPRECIATION |
| At 1 November 2022 |
| Charge for year |
| At 31 October 2023 |
| NET BOOK VALUE |
| At 31 October 2023 |
| At 31 October 2022 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 November 2022 |
| and 31 October 2023 |
| NET BOOK VALUE |
| At 31 October 2023 |
| At 31 October 2022 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Unit 5a Construction Way Barkston Road, Carlton Industrial Estate, Barnsley, United Kingdom, S71 3HU |
| Nature of business: |
| % |
| Class of shares: | holding |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2022 |
| Additions |
| At 31 October 2023 |
| NET BOOK VALUE |
| At 31 October 2023 |
| At 31 October 2022 |
| Fair value at 31 October 2023 is represented by: |
| £ |
| Valuation in 2020 | 114,748 |
| Valuation in 2021 | 195,000 |
| Cost | 426,529 |
| 736,277 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2023 | 2022 |
| £ | £ |
| Cost | 421,068 | 421,068 |
| Investment properties were valued on an open market value basis on 3 February 2021 by Brownhill Vickers . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments & accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| VAT | 23,703 | 6,502 |
| Other creditors |
| Directors' current accounts | 141,374 | 180,378 |
| Accrued expenses |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans (see note 10) |
| Hire purchase contracts |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2023 | 2022 |
| £ | £ |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 11. | PROVISIONS FOR LIABILITIES |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 77,370 | 58,347 |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2022 |
| Provided during year |
| Balance at 31 October 2023 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 13. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 November 2022 |
| Deferred tax transfer | (18,156 | ) |
| At 31 October 2023 |
| 14. | RELATED PARTY DISCLOSURES |
| The company was owed £17,633 from Contract Building & Roofing Ltd (2022 - £21,476) at the balance sheet date from inter company lending. |
| PARKHOUSE FARM DEVELOPMENTS LTD (REGISTERED NUMBER: 05966947) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2023 |
| 15. | ULTIMATE CONTROLLING PARTY |
| The controlling party is D Chambers. |