2022-04-012023-03-312023-03-31false09474603PAUL PARNELL ESTATES 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PAUL PARNELL ESTATES LIMITED

Registered Number
09474603
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

PAUL PARNELL ESTATES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

PARNELL, Paul Eric

Registered Address

Building 18, Gateway 1000 Whittle Way
Arlington Business Park
Stevenage
SG1 2FP

Registered Number

09474603 (England and Wales)
PAUL PARNELL ESTATES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets57341,050
7341,050
Current assets
Debtors61,9675,233
Cash at bank and on hand16,68034,199
18,64739,432
Creditors amounts falling due within one year7(5,583)(14,584)
Net current assets (liabilities)13,06424,848
Total assets less current liabilities13,79825,898
Creditors amounts falling due after one year8(13,792)(15,727)
Net assets610,171
Capital and reserves
Profit and loss account610,171
Shareholders' funds610,171
The financial statements were approved and authorised for issue by the Director on 21 November 2023, and are signed on its behalf by:
PARNELL, Paul Eric
Director
Registered Company No. 09474603
PAUL PARNELL ESTATES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 April 225002,2382,738
Disposals(500)-(500)
At 31 March 23-2,2382,238
Depreciation and impairment
At 01 April 224281,2601,688
Charge for year18244262
On disposals(446)-(446)
At 31 March 23-1,5041,504
Net book value
At 31 March 23-734734
At 31 March 22729781,050
6.Debtors

2023

2022

££
Trade debtors / trade receivables1,9675,233
Total1,9675,233
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables411144
Bank borrowings and overdrafts29691
Taxation and social security4,26513,054
Other creditors57-
Accrued liabilities and deferred income821695
Total5,58314,584
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Trade creditors / trade payables13,79215,727
Total13,79215,727