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Registered number: 00468655
John Parry Estates Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 00468655
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,664,820 3,674,855
3,664,820 3,674,855
CURRENT ASSETS
Debtors 184,181 106,530
Cash at bank and in hand 13,617 2,386
197,798 108,916
Creditors: Amounts Falling Due Within One Year (76,974 ) (48,625 )
NET CURRENT ASSETS (LIABILITIES) 120,824 60,291
TOTAL ASSETS LESS CURRENT LIABILITIES 3,785,644 3,735,146
PROVISIONS FOR LIABILITIES
Deferred Taxation (401,313 ) (341,654 )
NET ASSETS 3,384,331 3,393,492
CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 6 2,561,221 2,587,413
Profit and Loss Account 823,010 805,979
SHAREHOLDERS' FUNDS 3,384,331 3,393,492
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
J C Parry
Director
19/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
John Parry Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00468655 . The registered office is Rectory Mews Crown Road, Wheatley, Oxford, OX33 1UL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Plant & Machinery 15
Motor Vehicles 25
Investment properties are valued periodically and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties. Whilst this is departure from the Companies Act 2006 the directors consider that this accounting policy results in the accounts showing a true and fair view. 
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. 
Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities. The measurement of deferred tax liabilities reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in the profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 April 2023 3,740,409
Additions 51,090
Disposals (77,000 )
As at 31 March 2024 3,714,499
Depreciation
As at 1 April 2023 65,554
Provided during the period 14,176
Disposals (30,051 )
As at 31 March 2024 49,679
Net Book Value
As at 31 March 2024 3,664,820
As at 1 April 2023 3,674,855
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Reserves
Revaluation Reserve
£
As at 1 April 2023 2,587,413
Transfer to profit and loss (26,192 )
As at 31 March 2024 2,561,221
Page 4