**Company Number : 15671792** ## **Report of the Director and Financial Statements Year ending 30th APRIL 2025** ## **for** ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** |**Contents of the Financial Statements**||| |---|---|---| |**Year ending 30th APRIL 2025**||| ||**Page**|| |**Company Information**||1| |**Report of the Director**||2| |**Profit and Loss Account**||3| |**Balance Sheet**||4| |**Notes to the Financial Statements**||6| |**Report of the Accountants**||11| |**Trading and Profit and Loss Account**||12| ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Company Information Year ending 30th APRIL 2025** ## **DIRECTOR:** ## **REGISTERED OFFICE:** C Davies W D Morgan A E Evans D J Phillips M J Fitzpatrick E Rowlands A W John W J G Thorburn P D Martin Kidwelly RFC 2 Station Road Kidwelly SA17 4UH ## **REGISTERED NUMBER:** 15671792 (ENGLAND & WALES) ## **ACCOUNTANTS:** Steve Jones Accounts 9 Alstred Street Kidwelly Carmarthenshire SA17 4TN Page 1 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Report of the Director** ## **Year ending 30th APRIL 2025** The directors present their report with the financial statements of the company for the Year ending 30th APRIL 2025 ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of the operation of sports facilities and activities of sports clubs ## **DIRECTOR** All Directors held office during the whole of the period from At 23April 2024 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:** C Davies 17th APRIL 2026 Page 2 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Profit and Loss Account** ## **Year ending 30th APRIL 2025** |**Notes**
**TURNOVER**
Cost of sales
**GROSS PROFIT**
Administrative expenses
**OPERATING PROFIT**
2
Interest payable and similar charges
Tax on ordinary activities
3
**PROFIT FOR THE FINANCIAL YEAR**
**PROFIT ON ORDINARY ACTIVITIES**
**BEFORE TAXATION**|**2025**
**£**
29,748
1,053
28,695
36,455
(7,760)
-| |---|---| ||(7,760)
-| ||(7,760)| The notes form part of these financial statements Page 3 **PARC STEPHENS COMMUNITY INTEREST COMPANY** **15671792** ## **Balance Sheet** ## **Year ending 30th APRIL 2025** |**Notes**
**FIXED ASSETS**
Intangible assets
**6**
Tangible assets
**7**
**CURRENT ASSETS**
Stocks
Business Bank Account
Savings Account
Debtors
**8**
**CREDITORS**
**9**
**NET CURRENT ASSETS**
**CREDITORS**
**10**
**NET ASSETS**
Amounts falling due within one
year
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
Amounts falling due after more
than one year|£
£
37,680
37,680
-
28,742
-
1,500
30,242
-
30,242
67,922
-
67,922
**2025**|£
£
37,680
37,680
-
28,742
-
1,500
30,242
-
30,242
67,922
-
67,922
**2025**| |---|---|---| |||30,242| |||67,922
-| |||67,922| The notes form part of these financial statements Page 4 continued... **PARC STEPHENS COMMUNITY INTEREST COMPANY** **15671792** ## **Balance Sheet - continued** **Year ending 30th APRIL 2025** |**Notes**
**CAPITAL AND RESERVES**
Profit and loss account
12
**RETAINED EARNINGS**|**2025**
**£**
67,922| |---|---| ||67,922| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the Year ending 30th APRIL 2025 The members have not required the company to obtain an audit of its financial statements for the Year ending 30th APRIL 2025 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 requirements of Sections with the 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2016). The financial statements were approved and signed by the director on : 17th APRIL 2026 C Davies Director The notes form part of these financial statements Page 5 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Notes to the Financial Statements** **Year ending 30th APRIL 2025** ## **1. STATUTORY INFORMATION** **Organisation** is a Community Interest 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** ## **Accounting convention** The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2017). ## **Turnover** Turnover represents net invoiced sales of goods, inluding value added tax. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc 20% - at variable rates on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Deferred tax** Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. ## **3. OPERATING PROFIT** The operating profit is stated after charging: **2025 £** Depreciation - owned assets 9,420 - Loss on disposal of fixed assets Director's remuneration and other benefits etc - continued... Page 6 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Notes to the Financial Statements - continued** ## **Year ending 30th APRIL 2025** ## **4. TAXATION** ## **Analysis of the tax charge** The tax charge on the loss on ordinary activities for the year was as follows: |Current tax:
UK corporation tax
Tax on ordinary activities
**5. DIVIDENDS**
No Dividends from a compmay Limited by Guarantee
Interim
**6. INTANGIBLE FIXED ASSETS**
**COST**
At 23April 2024
At 30 April 2025
**AMORTISATION**
At 23April 2024
At 30 April 2025
**NET BOOK VALUE**
At 30 April 2025
At 23April 2024|**2025**
**£**
-| |---|---| ||-| ||**2025**
**£**
-| ||Goodwill
£
0
0
-| ||-| continued... Page 7 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Notes to the Financial Statements - continued** ## **Year ending 30th APRIL 2025** ## **7. TANGIBLE FIXED ASSETS** |**COST**
At 23April 2024
Additions
Disposals
At 30 April 2025
**DEPRECIATION**
At 23April 2024
Charge for year
depn on disposals
At 30 April 2025
**NET BOOK VALUE**
At 30 April 2025
At 23April 2024|Plant and
machinery
etc
£
47,100
-
47,100| |---|---| ||-
9,420
9,420| ||37,680| ||47,100| continued... Page 8 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Notes to the Financial Statements - continued** ## **Year ending 30th APRIL 2025** |**8. DEBTORS**
Amounts falling due within one year:
Trade debtors
Other debtors
**Loan to Bowls Club**
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts
Hire purchase contracts
Trade creditors
Taxation and social security
Other creditors_(Directors loan)_
Hire purchase contracts
Other creditors_(Directors loan)_
Other creditors_(Government Bounce Back Loan)_
**10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN**
**ONE YEAR**|**2025**
**£**
-
1,500| |---|---| ||1,500| ||**2025**
**£**
-
-
-
-
-| ||-| ||**2025**
**£**
-
-
-| ||-| continued... Page 9 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Notes to the Financial Statements - continued Year ending 30th APRIL 2025** |**12. RESERVES**
At 23April 2024
Profit / (Loss) for the year
At 30 April 2025|Profit and loss
account
75,682
(7,760)
-
67,922| |---|---| Page 10 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Report of the Accountants to the Director of PARC STEPHENS COMMUNITY INTEREST COMPANY** As described on the balance sheet it is your duty to ensure the company has kept adequate records for the preparation of the financial statements that give a true and fair view of the assets, liabilities, financial position and profit set out in this report, and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. We have not verified the accuracy or completenes of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion in the statutory financial statements. Steve Jones Accounts 9 Alstred Street Kidwelly Carmarthenshire SA17 4TN 17th APRIL 2026 This page does not form part of the statutory financial statements Page 11 ## **PARC STEPHENS COMMUNITY INTEREST COMPANY** ## **Trading and Profit and Loss Account Year ending 30th APRIL 2025** ||**2025**|| |---|---|---| ||**£**|**£**| |Donations||27,938| |Water and Electric from Clubs||1,810| |||29,748| |**Cost of sales**||| |Purchases|1,053|| |||1,053| |**GROSS PROFIT**||28,695| |**Expenditure**||| |Insurance|3,240|| |Rates and Water|342|| |Heat and Light|1,299|| |Machinery running costs|1,659|| |Legal & Professional fees|20,495|| |||27,035| |Carried forward||1,660| **PARC STEPHENS COMMUNITY INTEREST COMPANY** |**Trading and Profit and Loss Account**
**Year ending 30th APRIL 2025**
Brought forward
**Finance costs**
Bank charges
Bank interest
**Depreciation**
Plant and machinery
**NET PROFIT**
Tax on ordinary Activities
**PROFIT FOR THE FINANCIAL YEAR**|**£**
**£**
1,660
0
-
-
1,660
9,420
9,420
(7,760)
(7,760)
-
(7,760)
**2025**|**£**
**£**
1,660
0
-
-
1,660
9,420
9,420
(7,760)
(7,760)
-
(7,760)
**2025**| |---|---|---| |||1,660
9,420| |||(7,760)
(7,760)| |||-| |||(7,760)|