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D & S PARKER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

27TH FEBRUARY 2024






D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

D & S PARKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27TH FEBRUARY 2024







DIRECTOR: S D Parker



SECRETARY: S D Parker



REGISTERED OFFICE: 128 Windingbrook Lane
Collingtree Park
Northampton
Northamptonshire
NN4 0XN



REGISTERED NUMBER: 02468537 (England and Wales)



ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN



BANKERS: Royal Bank of Scotland
354 Station Road
Harrow
HA2XZ

D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)

BALANCE SHEET
27TH FEBRUARY 2024

27/2/24 27/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 535 669
Investment property 5 929,500 845,000
930,035 845,669

CURRENT ASSETS
Debtors 6 45,072 43,625
Cash at bank 5,462 7,975
50,534 51,600
CREDITORS
Amounts falling due within one year 7 33,371 42,375
NET CURRENT ASSETS 17,163 9,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

947,198

854,894

CREDITORS
Amounts falling due after more than one
year

8

(204,981

)

(217,622

)

PROVISIONS FOR LIABILITIES (41,527 ) (21,069 )
NET ASSETS 700,690 616,203

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 10 456,231 392,222
Retained earnings 244,359 223,881
SHAREHOLDERS' FUNDS 700,690 616,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27th February 2024 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.

D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)

BALANCE SHEET - continued
27TH FEBRUARY 2024


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 director and authorised for issue on 2nd September 2024 and were signed by:





S D Parker - Director


D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27TH FEBRUARY 2024

1. STATUTORY INFORMATION

D & S 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents rents receivable from tenants of investment properties, stated net of value added tax where applicable.

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 - 20% on reducing balance

Investment property
In accordance with the Financial Reporting Standard 102 investment property is revalued to its fair value at the balance sheet date, with any surplus or deficit on revaluation being transferred to the profit and loss account.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 28th February 2023
and 27th February 2024 25,793
DEPRECIATION
At 28th February 2023 25,124
Charge for year 134
At 27th February 2024 25,258
NET BOOK VALUE
At 27th February 2024 535
At 27th February 2023 669

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28th February 2023 845,000
Revaluations 84,500
At 27th February 2024 929,500
NET BOOK VALUE
At 27th February 2024 929,500
At 27th February 2023 845,000

Fair value at 27th February 2024 is represented by:
£   
Valuation in 2011 119,580
Valuation in 2012 (30,000 )
Valuation in 2013 (10,000 )
Valuation in 2014 47,517
Valuation in 2015 83,846
Valuation in 2017 157,181
Valuation in 2018 (5,000 )
Valuation in 2022 50,000
Valuation in 2024 84,500
Cost 431,876
929,500

D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27TH FEBRUARY 2024

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

27/2/24 27/2/23
£    £   
Cost 431,876 431,876

The investment properties were valued on an open market basis basis on 27th February 2024 by the directors of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Trade debtors 44,353 42,971
Prepayments 719 654
45,072 43,625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Bank loans and overdrafts 5,142 5,051
Trade creditors 5,453 4,674
Corporation tax 4,890 15,791
VAT 2,466 2,610
Other creditors 3,750 3,750
Owed to/from related companies 3,912 2,741
Accruals and deferred income 7,758 7,758
33,371 42,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27/2/24 27/2/23
£    £   
Bank loans 2-5 yrs 7,443 12,584
Directors' loan accounts 197,538 205,038
204,981 217,622

9. SECURED DEBTS

The following secured debts are included within creditors:

27/2/24 27/2/23
£    £   
Bank loans 12,585 17,635

The bank loans are secured by a charge over the investment properties held by the company.

D & S PARKER LIMITED (REGISTERED NUMBER: 02468537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27TH FEBRUARY 2024

10. RESERVES
Non-distributable
reserves
£   
At 28th February 2023 392,222
Movement in reserves 64,009

At 27th February 2024 456,231

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Parker.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D & S PARKER LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D & S Parker Limited for the year ended 27th February 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of D & S Parker Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D & S Parker Limited and state those matters that we have agreed to state to the director of D & S Parker Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & S Parker Limited and its director for our work or for this report.

It is your duty to ensure that D & S Parker Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D & S Parker Limited. You consider that D & S Parker Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D & S Parker Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


2nd September 2024