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Company No: 13834590 (England and Wales)

PARNELLS TAXIS HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 07 January 2022 to 30 June 2023
Pages for filing with the registrar

PARNELLS TAXIS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 07 January 2022 to 30 June 2023

Contents

PARNELLS TAXIS HOLDINGS LIMITED

BALANCE SHEET

As at 30 June 2023
PARNELLS TAXIS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 30.06.2023
£
Fixed assets
Investments 3 200,000
200,000
Current assets
Debtors 4 1,142
Cash at bank and in hand 49,000
50,142
Net current assets 50,142
Total assets less current liabilities 250,142
Net assets 250,142
Capital and reserves
Called-up share capital 5 4
Share premium account 99,998
Profit and loss account 150,140
Total shareholders' funds 250,142

For the financial period ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Parnells Taxis Holdings Limited (registered number: 13834590) were approved and authorised for issue by the Board of Directors on 02 October 2023. They were signed on its behalf by:

Mr M Brown
Director
Mrs L Brown
Director
PARNELLS TAXIS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 January 2022 to 30 June 2023
PARNELLS TAXIS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 January 2022 to 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Parnells Taxis Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12e Cooksland Industrial Estate, Bodmin, PL31 2QB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Reporting period length

The company extended its accounting period from 31 January 2023 to 30 June 2023 to be coterminous with other related companies.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
07.01.2022 to
30.06.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Fixed asset investments

Investments in subsidiaries

30.06.2023
£
Cost
At 07 January 2022 0
Additions 200,000
At 30 June 2023 200,000
Carrying value at 30 June 2023 200,000

4. Debtors

30.06.2023
£
Other debtors 1,142

5. Called-up share capital

30.06.2023
£
Allotted, called-up and fully-paid
4 Ordinary shares shares of £ 1.00 each 4