PARSONS PROPERTY MANAGEMENT LIMITED

Company Registration Number:
07270427 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

PARSONS PROPERTY MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PARSONS PROPERTY MANAGEMENT LIMITED

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 7,400 0
Gross profit(or loss): 7,400 0
Administrative expenses: ( 6,548 ) 0
Operating profit(or loss): 852 0
Profit(or loss) before tax: 852 0
Tax: ( 162 ) 0
Profit(or loss) for the financial year: 690 0

PARSONS PROPERTY MANAGEMENT LIMITED

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 405,000 0
Total fixed assets: 405,000 0
Current assets
Debtors: 4 300
Cash at bank and in hand: 4,035 0
Total current assets: 4,035 300
Creditors: amounts falling due within one year: 5 ( 407 ) 0
Net current assets (liabilities): 3,628 300
Total assets less current liabilities: 408,628 300
Creditors: amounts falling due after more than one year: 6 ( 407,638 ) 0
Total net assets (liabilities): 990 300
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 690
Total Shareholders' funds: 990 300

The notes form part of these financial statements

PARSONS PROPERTY MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 9 February 2024
and signed on behalf of the board by:

Name: Mr Hugh Anthony Parsons
Status: Director

The notes form part of these financial statements

PARSONS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PARSONS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

PARSONS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 0 0
Additions 405,000 405,000
Disposals
Revaluations
Transfers
At 31 May 2023 405,000 405,000
Depreciation
At 1 June 2022
Charge for year
On disposals
Other adjustments
At 31 May 2023
Net book value
At 31 May 2023 405,000 405,000
At 31 May 2022 0 0

PARSONS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
£ £
Other debtors 300
Total   300

PARSONS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 162
Accruals and deferred income 205
Other creditors 40 0
Total 407 0

PARSONS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 407,638 0
Total 407,638 0