REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 26 May 2023 to 31 December 2023 |
for |
Parris Partners Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 26 May 2023 to 31 December 2023 |
for |
Parris Partners Limited |
Parris Partners Limited (Registered number: 14896327) |
Contents of the Financial Statements |
for the Period 26 May 2023 to 31 December 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Parris Partners Limited |
Company Information |
for the Period 26 May 2023 to 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
106 Charter Avenue |
Ilford |
Essex |
IG2 7AD |
Parris Partners Limited (Registered number: 14896327) |
Abridged Balance Sheet |
31 December 2023 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Parris Partners Limited (Registered number: 14896327) |
Notes to the Financial Statements |
for the Period 26 May 2023 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Parris Partners Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Parris Partners Limited 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. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period 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 period 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 period was |
Parris Partners Limited (Registered number: 14896327) |
Notes to the Financial Statements - continued |
for the Period 26 May 2023 to 31 December 2023 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
Additions | 10,102,578 |
Disposals | (8,562,578 | ) |
At 31 December 2023 | 1,540,000 |
NET BOOK VALUE |
At 31 December 2023 | 1,540,000 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: United Kingdom |
Nature of business: |
% |
Class of shares: | holding |
31.12.23 |
£ |
Aggregate capital and reserves |
Profit for the year |
5. | RELATED PARTY DISCLOSURES |
During the year the Company acquired the share capital of Paris Hall Farm Limited for the sum of £562,578. This was enabled by a dividend in specie from Subsidiary company L J Parris and Sons Ltd. |
Paris Hall Farm Limited was later demerged from the group as part of a capital reconstruction. The new corporate owner of Paris Hall Farm Ltd, K&M Parris Ltd has the same director and shareholders as Parris Partners Ltd. |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is KJ Parris due to his majority shareholding. |