PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
Registered number: 12134170
Financial Statements
For The Year Ended 31 August 2023
Tamsons
52A SPRING GROVE ROAD
HOUNSLOW
MIDDLESEX
TW3 4BN
PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
Financial Statements
For The Year Ended 31 August 2023
Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
Balance Sheet
As At
31 August 2023
Balance Sheet
Registered number:
12134170
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 5 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
( |
||
NET LIABILITIES |
( |
( |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
|
|
||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | (8,025) | (4,539) | |||
On behalf of the board
Director
|
|
The notes on pages 2 to 3 form part of these financial statements.
PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
Notes to the Financial Statements
For The Year Ended 31 August 2023
Notes to the Financial Statements
1.
General Information
PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
12134170
. The registered office is 198 Laleham Road, Staines Upon Thames, TW18 2PA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
4.
Debtors
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
5.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Other creditors |
|
|
|
Other creditors (6) |
|
|
|
Director's loan account |
|
|
|
|
|
||
6.
Creditors: Amounts Falling Due After More Than One Year
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
|
|
||
PARKFIELD REAL ESTATE & ACCOUNTANCY LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2023