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
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
Parsifal Holdings Limited
Statement of financial position
as at 31 March 2023
Investment property
2,899,046
2,899,046
Cash at bank and in hand
181,847
100,657
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)
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
Parsifal Holdings Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 is measured at the fair value of the rent received or receivable from the letting of property.
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.
Amounts falling due within one year
Accrued income and prepayments
13,289
10,191
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
Deferred income
14,065
29,490
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
2,899,560
2,899,560
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).