JOSEPH PARR (TYNE & WEAR) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Company Registration No. 02618379 (England and Wales)
JOSEPH PARR (TYNE & WEAR) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JOSEPH PARR (TYNE & WEAR) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
2
2
Net current assets
2
2
Capital and reserves
-
-
Called up share capital
2
2

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 September 2022 and are signed on its behalf by:
Mrs C J Jones
Director
Company Registration No. 02618379
JOSEPH PARR (TYNE & WEAR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information

Joseph Parr (Tyne & Wear) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Parr Building Centre, Dunnings Bridge Road, Bootle, L30 6UU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
-
0
-
0
JOSEPH PARR (TYNE & WEAR) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2
2
2021-12-312021-01-01true14 September 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr R A LomasMrs C J JonesMr P Welch026183792021-01-012021-12-31026183792021-12-31026183792020-12-3102618379core:ShareCapital2021-12-3102618379core:ShareCapital2020-12-3102618379bus:Director22021-01-012021-12-31026183792020-01-012020-12-3102618379core:CurrentFinancialInstruments2020-12-3102618379bus:EntityHasNeverTraded2021-01-012021-12-3102618379bus:PrivateLimitedCompanyLtd2021-01-012021-12-3102618379bus:SmallCompaniesRegimeForAccounts2021-01-012021-12-3102618379bus:FRS1022021-01-012021-12-3102618379bus:AuditExemptWithAccountantsReport2021-01-012021-12-3102618379bus:Director12021-01-012021-12-3102618379bus:CompanySecretary12021-01-012021-12-3102618379bus:FullAccounts2021-01-012021-12-31xbrli:purexbrli:sharesiso4217:GBP