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Company Registration No. 07980907 (England and Wales)
PARKER PAYNE DEVELOPMENTS LIMITED Unaudited accounts for the year ended 29 March 2023
PARKER PAYNE DEVELOPMENTS LIMITED Unaudited accounts Contents
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PARKER PAYNE DEVELOPMENTS LIMITED Company Information for the year ended 29 March 2023
Directors
Mr K J Parker Mr M R D Payne
Company Number
07980907 (England and Wales)
Registered Office
UNIT 5 ORION BUSINESS CENTRE WIDE LANE SOUTHAMPTON HAMPSHIRE SO18 2HJ UNITED KINGDOM
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PARKER PAYNE DEVELOPMENTS LIMITED Statement of financial position as at 29 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
370,274 
370,274 
Current assets
Inventories
1,325,000 
1,180,000 
Debtors
197 
595 
Cash at bank and in hand
- 
9,754 
1,325,197 
1,190,349 
Creditors: amounts falling due within one year
(1,312,816)
(790,039)
Net current assets
12,381 
400,310 
Total assets less current liabilities
382,655 
770,584 
Creditors: amounts falling due after more than one year
(290,172)
(699,254)
Net assets
92,483 
71,330 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
92,481 
71,328 
Shareholders' funds
92,483 
71,330 
For the year ending 29 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 14 December 2023 and were signed on its behalf by
Mr M R D Payne Director Company Registration No. 07980907
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PARKER PAYNE DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 29 March 2023
1
Statutory information
PARKER PAYNE DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07980907. The registered office is UNIT 5 ORION BUSINESS CENTRE, WIDE LANE, SOUTHAMPTON, HAMPSHIRE, SO18 2HJ, UNITED KINGDOM.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
4
Investment property
2023 
£ 
Fair value at 30 March 2022
370,274 
At 29 March 2023
370,274 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
197 
595 
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PARKER PAYNE DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 29 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
267 
(5,966)
Trade creditors
1,556 
1,656 
Amounts owed to group undertakings and other participating interests
689,567 
545,738 
Taxes and social security
2,354 
6,542 
Other creditors
189,054 
199,402 
Loans from directors
423,460 
36,109 
Accruals
6,558 
6,558 
1,312,816 
790,039 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
290,172 
314,254 
Loans from directors
- 
385,000 
290,172 
699,254 
MSP Capital has a floating charge on the property or undertaking of the company. Please see Companies House website for more information.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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