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REGISTERED NUMBER: 09493464 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Parish Homes Limited

Parish Homes Limited (Registered number: 09493464)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Parish Homes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D E Gray
Mr B J Hetherington





REGISTERED OFFICE: Hawkesdale Hill
Dalston
Carlisle
Cumbria
CA5 7BT





REGISTERED NUMBER: 09493464 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

Parish Homes Limited (Registered number: 09493464)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
CURRENT ASSETS
Stocks 150,000 633,641
Debtors 4 1,650 3,772
Cash at bank 1,318,819 368,680
1,470,469 1,006,093
CREDITORS
Amounts falling due within one year 5 641,904 743,608
NET CURRENT ASSETS 828,565 262,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

828,565

262,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 828,465 262,385
SHAREHOLDERS' FUNDS 828,565 262,485

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 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 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 Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




Mr D E Gray - Director



Mr B J Hetherington - Director


Parish Homes Limited (Registered number: 09493464)

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

1. STATUTORY INFORMATION

Parish Homes Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 1,650 3,772

Parish Homes Limited (Registered number: 09493464)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 380 231,407
Taxation and social security 129,178 -
Other creditors 512,346 512,201
641,904 743,608

6. RELATED PARTY DISCLOSURES

The company owes the directors £10,676 (2022 - £10,676) at the year end. During the year, the directors transferred monies to the company amounting to £Nil (2022 - £10,676) and withdrew money of £Nil (2022 - £Nil).The loan is interest free, unsecured and repayable on demand.

Brian Hetherington Limited, a shareholder, held a loan account with the company. At the year end date, the balance owing to the shareholder was £250,000 (2022 - £250,000). The loan is interest free, unsecured and repayable on demand.

D E Gray Limited, a shareholder, held a loan account with the company. At the year end date, the balance owing to the shareholder was £250,000 (2022 - £250,000). The loan is interest free, unsecured and repayable on demand.