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REGISTERED NUMBER: 06179573 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KIRK PAROLLES LTD

KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRK PAROLLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: T Harrison





REGISTERED OFFICE: Thompson Taraz Rand
10 Jesus Lane
Cambridge
CB5 8BA





REGISTERED NUMBER: 06179573 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 10,922 14,562
Investments 6 51 51
Investment property 7 474,676 478,057
485,649 492,670

CURRENT ASSETS
Debtors 8 312,587 330,109
Cash at bank 467 1,482
313,054 331,591
CREDITORS
Amounts falling due within one year 9 (304,096 ) (330,703 )
NET CURRENT ASSETS 8,958 888
TOTAL ASSETS LESS CURRENT LIABILITIES 494,607 493,558

CREDITORS
Amounts falling due after more than one
year

10

(157,000

)

(157,000

)

PROVISIONS FOR LIABILITIES (10,772 ) (11,597 )
NET ASSETS 326,835 324,961

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 66,744 69,219
Retained earnings 260,090 255,741
SHAREHOLDERS' FUNDS 326,835 324,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





T Harrison - Director


KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Kirk Parolles Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Kirk Parolles Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents sale of publications and publication rights, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery etc 25% reducing balance.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Revenue recognition
Revenue is recognised by reference to signed contracts in determining the schedule of rights to income. Non-refundable advances are recognised on signing of contracts.

4. EMPLOYEES AND DIRECTORS

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

KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 41,790 6,067 47,857
DEPRECIATION
At 1 December 2022 28,568 4,727 33,295
Charge for year 3,305 335 3,640
At 30 November 2023 31,873 5,062 36,935
NET BOOK VALUE
At 30 November 2023 9,917 1,005 10,922
At 30 November 2022 13,222 1,340 14,562

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 51
NET BOOK VALUE
At 30 November 2023 51
At 30 November 2022 51

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 478,300
Revaluations (3,300 )
At 30 November 2023 475,000
DEPRECIATION
At 1 December 2022 243
Charge for year 81
At 30 November 2023 324
NET BOOK VALUE
At 30 November 2023 474,676
At 30 November 2022 478,057

KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2015 409,961
Valuation in 2016 24,039
Valuation in 2017 19,000
Valuation in 2018 (28,584 )
Valuation in 2019 (24,416 )
Valuation in 2020 7,300
Valuation in 2021 50,000
Valuation in 2022 21,000
Valuation in 2023 (3,300 )
475,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 409,961 409,961

The Investment property was valued on an open market basis on 30 November 2021 by the director .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 273,763 289,090
Other debtors 38,824 41,019
312,587 330,109

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 138 9,383
Trade creditors 234,720 245,720
Taxation and social security 909 -
Other creditors 68,329 75,600
304,096 330,703

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 157,000 157,000

KIRK PAROLLES LTD (REGISTERED NUMBER: 06179573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Fair
value
reserve
£   
At 1 December 2022 69,219
Property revaluation (2,475 )

At 30 November 2023 66,744

13. RELATED PARTY DISCLOSURES

At the balance sheet date a balance of £29,314 (2022: £51,672) was owed to the director and disclosed within other creditors. This loan bears no interest and is repayable on demand.

The director also has a long term loan owed by the company of £157,000 (2022: £157,000) on which 5% interest is charged each year: £7,850 (2022: £7,850).

At the balance sheet date the company was owed by its subsidiary £273,763 (2022: £289,090). The amount is disclosed within amounts owed by group undertakings, bears no interest and is due on demand.

The company was charged by its subsidiary a management fee of £17,078 (2022: £14,000). At the balance sheet date the company owed its subsidiary £267,720 (2022: £267,720). The amount is disclosed as £22,000 (2022: £22,000) in other creditors and £234,720 (2022: £245,720) trade creditor.