Company Registration No. 09343699 (England and Wales)
Parrish Leisure Limited
Unaudited accounts
for the year ended 30 November 2023
Parrish Leisure Limited
Unaudited accounts
Contents
Parrish Leisure Limited
Company Information
for the year ended 30 November 2023
Company Number
09343699 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE
CROXLEY GREEN
RICKMANSWORTH
HERTS
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
Parrish Leisure Limited
Statement of financial position
as at 30 November 2023
Tangible assets
1,130,712
1,027,403
Cash at bank and in hand
121,376
149,116
Creditors: amounts falling due within one year
(355,981)
(287,211)
Net current liabilities
(168,849)
(64,276)
Total assets less current liabilities
961,863
963,127
Creditors: amounts falling due after more than one year
(464,564)
(509,268)
Provisions for liabilities
Deferred tax
(116,992)
(29,911)
Net assets
380,307
423,948
Called up share capital
100
100
Profit and loss account
380,207
423,848
Shareholders' funds
380,307
423,948
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 27 March 2024 and were signed on its behalf by
MR H Parrish
Director
Company Registration No. 09343699
Parrish Leisure Limited
Notes to the Accounts
for the year ended 30 November 2023
Parrish Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 09343699. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT.
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.
Turnover represents net receipts of takings.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Goodwill is written off over 4 years
Stock is valued at the lower of cost and net realisable value.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Parrish Leisure Limited
Notes to the Accounts
for the year ended 30 November 2023
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the year in which they are made.
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the year in which they are made.
These financial statements have been prepared on a going concern basis.
Rentals payable under operating leases are charged to the profit and loss account as incurred.
4
Intangible fixed assets
Goodwill
At 1 December 2022
100,000
At 30 November 2023
100,000
At 1 December 2022
100,000
At 30 November 2023
100,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
593,523
888,472
2,000
290,158
1,774,153
Additions
-
231,366
15,999
31,815
279,180
Disposals
-
(79,694)
-
-
(79,694)
At 30 November 2023
593,523
1,040,144
17,999
321,973
1,973,639
At 1 December 2022
41,836
562,311
600
142,003
746,750
Charge for the year
5,935
112,982
2,700
36,939
158,556
On disposals
-
(62,379)
-
-
(62,379)
At 30 November 2023
47,771
612,914
3,300
178,942
842,927
At 30 November 2023
545,752
427,230
14,699
143,031
1,130,712
At 30 November 2022
551,687
326,161
1,400
148,155
1,027,403
Parrish Leisure Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Other debtors
7,600
15,900
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
42,924
42,924
Obligations under finance leases and hire purchase contracts
21,706
13,450
Trade creditors
94,298
63,029
Other creditors
56,676
44,344
Loans from directors
140,377
123,464
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
464,564
509,268
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 13 (2022: 13).