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
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
PARKER PAYNE DEVELOPMENTS LIMITED
Statement of financial position
as at 29 March 2023
Investment property
370,274
370,274
Inventories
1,325,000
1,180,000
Cash at bank and in hand
-
9,754
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)
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
PARKER PAYNE DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 29 March 2023
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.
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.
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.
Fair value at 30 March 2022
370,274
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
290,172
314,254
Loans from directors
-
385,000
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).