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REGISTERED NUMBER: 08447659 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PARKHILL SMYTH LTD

PARKHILL SMYTH LTD (REGISTERED NUMBER: 08447659)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PARKHILL SMYTH LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

| DIRECTOR: | G D C Smyth

| REGISTERED OFFICE: | 20-22 Wenlock Road

| London

| N1 7GU

| REGISTERED NUMBER: | 08447659 (England and Wales)

| ACCOUNTANTS: | CMB Partnership Limited

| Chartered Accountants

| 7 Wey Court

| Mary Road

| Guildford

| Surrey

| GU1 4QU

PARKHILL SMYTH LTD (REGISTERED NUMBER: 08447659)

BALANCE SHEET

31 MARCH 2023

| 31.3.23 | 31.3.22 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investment property | 5 | 343,500 |  | 312,105 |  |

343,500 |  | 312,105 |  |

CURRENT ASSETS

Cash at bank | 2,295 |  | 13,277 |  |

CREDITORS

Amounts falling due within one year | 6 | 262,055 |  | 243,246 |  |

NET CURRENT LIABILITIES | (259,760 | ) | (229,969 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 83,740 |  | 82,136 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (13,282 | ) | (19,358 | ) |

PROVISIONS FOR LIABILITIES | (5,365 | ) | (5,118 | ) |

NET ASSETS | 65,093 |  | 57,660 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 9 | 64,093 |  | 56,660 |  |

SHAREHOLDERS' FUNDS | 65,093 |  | 57,660 |  |

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.

PARKHILL SMYTH LTD (REGISTERED NUMBER: 08447659)

BALANCE SHEET - continued

31 MARCH 2023

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 2 October 2023 and were signed by:

G D C Smyth - Director

PARKHILL SMYTH LTD (REGISTERED NUMBER: 08447659)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. | STATUTORY INFORMATION

| Parkhill Smyth 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rents receivable during the year.

| 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 | - | 33% on cost

| Investment property

| Investment properties are shown at open market value as disclosed in note 5, and are not subject to a depreciation charge. This is a departure from the general requirement of the Companies Act 2006 for all tangible fixed assets to be depreciated. In the opinion of the directors this is necessary for the financial statements to give a true and fair view.

| Financial instruments

| The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Debtors and creditors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price.

| Basic financial liabilities, including trade and other creditors, loans from third parties are initially recognised at transaction price.

3. | EMPLOYEES AND DIRECTORS

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

PARKHILL SMYTH LTD (REGISTERED NUMBER: 08447659)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2022

| and 31 March 2023 | 140 |  |

| DEPRECIATION

| At 1 April 2022

| and 31 March 2023 | 140 |  |

| NET BOOK VALUE

| At 31 March 2023 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2022 | 312,105 |  |

| Additions | 30,095 |  |

| Revaluations | 1,300 |  |

| At 31 March 2023 | 343,500 |  |

| NET BOOK VALUE

| At 31 March 2023 | 343,500 |  |

| At 31 March 2022 | 312,105 |  |

| The investment property represents the purchase and associated costs of buying seven (2022 seven) properties. The director considers that the open market value of the properties at 31 March 2023 is £343,500 (2022 £312,105).

| Fair value at 31 March 2023 is represented by:

£ |

| Valuation in 2016 | 23,935 |  |

| Valuation in 2018 | 3,000 |  |

| Valuation in 2023 | 1,300 |  |

| Cost | 315,265 |  |

343,500 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Bank loans and overdrafts | 5,800 |  | 8,983 |  |

| Taxation and social security | 1,497 |  | 523 |  |

| Other creditors | 254,758 |  | 233,740 |  |

262,055 |  | 243,246 |  |

PARKHILL SMYTH LTD (REGISTERED NUMBER: 08447659)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Bank loans | 13,282 |  | 19,358 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.23 |  | 31.3.22

£ | £ |

| Bank loans | 19,082 |  | 28,341 |  |

| The bank have a fixed charge over one of the properties.

9. | RESERVES

| Reserves include £22,870 (2022: £21,817) net of deferred taxation relating to the revaluation of investment properties which is not distributable.

10. | RELATED PARTY DISCLOSURES

| At 31 March 2023 the company owed the director £188,155 (2022 £177,155).

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is G D C Smyth.