Revolution Park Management Company Limit - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05935377 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

REVOLUTION PARK MANAGEMENT COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Mann

REGISTERED OFFICE:

C/o Lea Hough & Co 2 Capricorn Park

Blakewater Road

Blackburn

Lancashire

BB1 5QR

REGISTERED NUMBER:

05935377 (England and Wales)

AUDITORS:

Wallwork Nelson & Johnson

Chartered Accountants & Statutory Auditors

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

-

-

CURRENT ASSETS

Debtors

5

16,050

38,644

Cash at bank

6,716

-

22,766

38,644

CREDITORS

Amounts falling due within one year

6

22,766

38,644

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

RESERVES

-

-

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 4 March 2024 and were signed by:

T Mann - Director

1.	STATUTORY INFORMATION

Revolution Park Management Company Limited is a private company, limited by guarantee , 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Land was transferred to the company from BAE Systems (Property Investments) Limited on 10th September 2021. As the land represents communal areas only, it was transferred for the nominal consideration of £1. As a result, the communal land transferred to the company has been represented at nil value in these accounts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/23

30/9/22

£

£

Trade debtors

14,277

13,320

Other debtors

-

25,324

Prepayments and accrued income

1,773

-

16,050

38,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/23

30/9/22

£

£

Owed to tenants

15,091

31,244

Accrued expenses

7,675

7,400

22,766

38,644

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I M Johnson FCCA (Senior Statutory Auditor)

for and on behalf of Wallwork Nelson & Johnson