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REGISTERED NUMBER: 11130191 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 January 2023

for

The Parson Woodforde Ltd

The Parson Woodforde Ltd (Registered number: 11130191)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


The Parson Woodforde Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: M Boyd
A S Boyd





REGISTERED OFFICE: Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 11130191 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Parson Woodforde Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Parson Woodforde Ltd for the year ended 31 January 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Parson Woodforde Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Parson Woodforde Ltd and state those matters that we have agreed to state to the Board of Directors of The Parson Woodforde Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Parson Woodforde Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Parson Woodforde Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Parson Woodforde Ltd. You consider that The Parson Woodforde Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Parson Woodforde Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


19 October 2023

The Parson Woodforde Ltd (Registered number: 11130191)

Abridged Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 478,863 478,863

CURRENT ASSETS
Debtors 2,021 33,670
Cash at bank 58,421 42,438
60,442 76,108
CREDITORS
Amounts falling due within one year 409,746 456,839
NET CURRENT LIABILITIES (349,304 ) (380,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,559

98,132

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 129,558 98,131
SHAREHOLDERS' FUNDS 129,559 98,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Parson Woodforde Ltd (Registered number: 11130191)

Abridged Balance Sheet - continued
31 January 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





M Boyd - Director


The Parson Woodforde Ltd (Registered number: 11130191)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

The Parson Woodforde 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.

The financial statements have been prepared on the going concern basis despite reporting net current liabilities of £349,304 (2022:£380,731). The company has the continuing support of its directors who consider it appropriate to prepare the financial statements on the going concern basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

The Parson Woodforde Ltd (Registered number: 11130191)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 478,863
NET BOOK VALUE
At 31 January 2023 478,863
At 31 January 2022 478,863

The directors consider that the fair value of the investment property is represented by its original cost.

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
A S Boyd
Balance outstanding at start of year 8,000 -
Amounts advanced - 8,000
Amounts repaid (8,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,000

The brought forward loan to the director was unsecured, interest free and repaid on 23 March 2022.