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REGISTERED NUMBER: 02569382 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2023

for

John Parker Limited

John Parker Limited (Registered number: 02569382)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Parker Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs K E Graham
A J Graham





REGISTERED OFFICE: Wallops Wood Farm
Droxford
Southampton
Hampshire
SO32 3QY





REGISTERED NUMBER: 02569382 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

John Parker Limited (Registered number: 02569382)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,630 22,244
Investment property 5 2,075,000 2,075,000
2,094,630 2,097,244

CURRENT ASSETS
Stocks 97,350 102,662
Debtors 6 325,994 276,021
423,344 378,683
CREDITORS
Amounts falling due within one year 7 258,080 364,042
NET CURRENT ASSETS 165,264 14,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,259,894

2,111,885

CREDITORS
Amounts falling due after more than one
year

8

(1,437,563

)

(1,469,255

)

PROVISIONS FOR LIABILITIES 10 (116,090 ) (116,090 )
NET ASSETS 706,241 526,540

CAPITAL AND RESERVES
Called up share capital 11 411 411
Fair value reserve 12 1,948,999 1,948,999
Retained earnings (1,243,169 ) (1,422,870 )
SHAREHOLDERS' FUNDS 706,241 526,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

John Parker Limited (Registered number: 02569382)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mrs K E Graham - Director


John Parker Limited (Registered number: 02569382)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

John Parker Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 amounts receivable for goods and services, net of VAT and trade discounts. Crop sales have been adjusted for opening and closing stocks.

Basic Payment Scheme has been recognised as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0% on land
Plant and machinery - 20% on reducing balance

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


John Parker Limited (Registered number: 02569382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where appropriate.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2022 5,189 41,748 46,937
Additions - 995 995
At 30 September 2023 5,189 42,743 47,932
DEPRECIATION
At 1 October 2022 - 24,693 24,693
Charge for year - 3,609 3,609
At 30 September 2023 - 28,302 28,302
NET BOOK VALUE
At 30 September 2023 5,189 14,441 19,630
At 30 September 2022 5,189 17,055 22,244

John Parker Limited (Registered number: 02569382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 2,075,000
NET BOOK VALUE
At 30 September 2023 2,075,000
At 30 September 2022 2,075,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 144,454 121,596
Other debtors 181,540 154,425
325,994 276,021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 77,252 18,600
Trade creditors 52,384 43,097
Taxation and social security 1,870 18,080
Other creditors 126,574 284,265
258,080 364,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 15,462 24,740
Other creditors 1,422,101 1,444,515
1,437,563 1,469,255

Amounts falling due in more than five years:

Repayable otherwise than by instalments
AMC loans - more than 5 years 1,326,645 1,367,055

John Parker Limited (Registered number: 02569382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans and overdrafts 1,513,939 1,479,657

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 116,090 116,090

Deferred
tax
£   
Balance at 1 October 2022 116,090
Balance at 30 September 2023 116,090

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
41,136 Ordinary £411. 36 411 411

12. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 1,948,999