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REGISTERED NUMBER: 12347024 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

T.C.P. PARITY LIMITED

T.C.P. PARITY LIMITED (REGISTERED NUMBER: 12347024)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


T.C.P. PARITY LIMITED (REGISTERED NUMBER: 12347024)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,161 1,548
Investment property 5 1,037,659 1,037,659
1,038,820 1,039,207

Current assets
Debtors 6 1,203 1,170
Cash at bank 5,691 6,306
6,894 7,476
Creditors
Amounts falling due within one year 7 850,883 871,994
Net current liabilities (843,989 ) (864,518 )
Total assets less current liabilities 194,831 174,689

Provisions for liabilities 8 38,885 29,679
Net assets 155,946 145,010

Capital and reserves
Called up share capital 9 100 100
Fair value reserve 10 115,993 125,272
Retained earnings 39,853 19,638
Shareholders' funds 155,946 145,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

T.C.P. PARITY LIMITED (REGISTERED NUMBER: 12347024)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





Mr P A Burrows - Director


T.C.P. PARITY LIMITED (REGISTERED NUMBER: 12347024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

T.C.P. Parity Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12347024. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 23 St Osmunds Road, Lower Parkstone, Poole, Dorset, BH14 9JS.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income accounted for on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

T.C.P. PARITY LIMITED (REGISTERED NUMBER: 12347024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 1,172 2,497 3,669
Depreciation
At 1 January 2023 677 1,444 2,121
Charge for year 124 263 387
At 31 December 2023 801 1,707 2,508
Net book value
At 31 December 2023 371 790 1,161
At 31 December 2022 495 1,053 1,548

5. Investment property
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 1,037,659
Net book value
At 31 December 2023 1,037,659
At 31 December 2022 1,037,659

Investment property was valued on an open market basis on 31 December 2023 by the directors.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Prepayments and accrued income 1,203 1,170

T.C.P. PARITY LIMITED (REGISTERED NUMBER: 12347024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 4,846 3,209
Directors' current accounts 844,237 867,081
Accruals and deferred income 1,800 1,704
850,883 871,994

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 38,885 29,679

Deferred
tax
£   
Balance at 1 January 2023 29,679
Credit to Income statement during year (73 )
Charge to fair value reserve 9,279
Balance at 31 December 2023 38,885

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
52 Ordinary A £1 52 52
48 Ordinary B £1 48 48
100 100

10. Reserves
Fair
value
reserve
£   
At 1 January 2023 125,272
Taxation (9,279 )

At 31 December 2023 115,993

11. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.