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Company Registration No. 13106005 (England and Wales)
Parsifal Holdings Limited Unaudited accounts for the year ended 31 March 2023
Parsifal Holdings Limited Unaudited accounts Contents
Page
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Parsifal Holdings Limited Company Information for the year ended 31 March 2023
Directors
Mr A Katz Mrs S Katz
Company Number
13106005 (England and Wales)
Registered Office
152 Coles Green Road London NW2 7HD
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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Parsifal Holdings Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,899,046 
2,899,046 
Current assets
Debtors
21,281 
12,791 
Cash at bank and in hand
181,847 
100,657 
203,128 
113,448 
Creditors: amounts falling due within one year
(44,872)
(51,883)
Net current assets
158,256 
61,565 
Total assets less current liabilities
3,057,302 
2,960,611 
Creditors: amounts falling due after more than one year
(2,899,560)
(2,899,560)
Net assets
157,742 
61,051 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
157,642 
60,951 
Shareholders' funds
157,742 
61,051 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by
Mr A Katz Director Company Registration No. 13106005
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Parsifal Holdings Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Parsifal Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13106005. The registered office is 152 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the rent received or receivable from the letting of property.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
2,899,046 
At 31 March 2023
2,899,046 
Barclays Bank plc holds a 1st legal charge over the company's investment property.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,500 
2,500 
Accrued income and prepayments
13,289 
10,191 
Other debtors
5,492 
100 
21,281 
12,791 
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Parsifal Holdings Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
22,712 
14,297 
Other creditors
4,495 
4,496 
Accruals
3,600 
3,600 
Deferred income
14,065 
29,490 
44,872 
51,883 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
2,899,560 
2,899,560 
8
Contingent liabilities
There is a cross guarantee & debenture between Tribi Holdings Ltd, Parsifal Holdings Ltd & Woodfield Road Holdings Ltd in respect of borrowings of £4m from Barclays Bank plc. These borrowings are secured by a 1st legal charge over the company's investment property. A Katz and S Katz, the directors, are also directors of Tribi Holdings Ltd & Woodfield Road Holdings Ltd.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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