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

REGISTERED NUMBER: 06024743 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

Park Lane Developments London Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Izzet

REGISTERED OFFICE:

38 The Ridgeway

Cuffley

Hertfordshire

EN6 4AX

REGISTERED NUMBER:

06024743 (England and Wales)

ACCOUNTANTS:

Graeme Bruce & Partners LLP

940 Green Lanes

London

N21 2AD

FIXED ASSETS

Investments

4

2,240,000

2,240,000

CURRENT ASSETS

Debtors

5

318,920

337,260

Cash at bank

2,837

-

321,757

337,260

CREDITORS

Amounts falling due within one year

6

43,878

37,042

NET CURRENT ASSETS

277,879

300,218

TOTAL ASSETS LESS CURRENT LIABILITIES

2,517,879

2,540,218

CREDITORS

Amounts falling due after more than one year

7

987,978

994,909

NET ASSETS

1,529,901

1,545,309

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,529,801

1,545,209

1,529,901

1,545,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 March 2024 and were signed by:

T Izzet - Director

1.	STATUTORY INFORMATION

Park Lane Developments London 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

2,240,000

NET BOOK VALUE

At 31 March 2023

2,240,000

At 31 March 2022

2,240,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

318,920

337,260

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

10,000

4,725

Trade creditors

-

(1

)

Taxation and social security

21,270

21,270

Other creditors

12,608

11,048

43,878

37,042

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

987,978

994,909

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

949,500

949,500