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REGISTERED NUMBER: 00476200 (England and Wales)















Report of the Director and

Unaudited Financial Statements For The Year Ended 31st December 2023

for

L. J. Parris and Sons Limited

L. J. Parris and Sons Limited (Registered number: 00476200)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Other Comprehensive Income 4

Statement of Financial Position 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


L. J. Parris and Sons Limited

Company Information
For The Year Ended 31st December 2023







DIRECTOR: K J Parris





SECRETARY: Mrs M L W Parris





REGISTERED OFFICE: The Old Vicarage
Pelham Road
Clavering
Essex
CB11 4PQ





REGISTERED NUMBER: 00476200 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

L. J. Parris and Sons Limited (Registered number: 00476200)

Report of the Director
For The Year Ended 31st December 2023

The director presents his report with the financial statements of the company for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of farmers.

DIRECTOR
K J Parris held office during the whole of the period from 1st January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs M L W Parris - Secretary


15th August 2024

L. J. Parris and Sons Limited (Registered number: 00476200)

Income Statement
For The Year Ended 31st December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 387,483 306,101

Cost of sales 255,491 198,672
GROSS PROFIT 131,992 107,429

Administrative expenses 86,947 83,661
45,045 23,768

Other operating income 23,830 27,292
OPERATING PROFIT 4 68,875 51,060

Interest receivable and similar income 3,725 449
72,600 51,509

Interest payable and similar expenses 10,000 17,000
PROFIT BEFORE TAXATION 62,600 34,509

Tax on profit 12,844 9,242
PROFIT FOR THE FINANCIAL YEAR 49,756 25,267

L. J. Parris and Sons Limited (Registered number: 00476200)

Other Comprehensive Income
For The Year Ended 31st December 2023

31.12.23 31.12.22
Notes £    £   

PROFIT FOR THE YEAR 49,756 25,267


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

49,756

25,267

L. J. Parris and Sons Limited (Registered number: 00476200)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 86,642 703,502
Investments 6 100 100
86,742 703,602

CURRENT ASSETS
Stocks - 143,195
Debtors 7 1,966 41,608
Cash at bank and in hand 453,362 212,355
455,328 397,158
CREDITORS
Amounts falling due within one year 8 227,548 177,416
NET CURRENT ASSETS 227,780 219,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,522

923,344

CREDITORS
Amounts falling due after more than one
year

9

-

(1,000

)

PROVISIONS FOR LIABILITIES 10 (5,000 ) (22,000 )
NET ASSETS 309,522 900,344

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Revaluation reserve 12 - 16,862
Retained earnings 12 299,522 873,482
SHAREHOLDERS' FUNDS 309,522 900,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

L. J. Parris and Sons Limited (Registered number: 00476200)

Statement of Financial Position - continued
31st December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





K J Parris - Director


L. J. Parris and Sons Limited (Registered number: 00476200)

Statement of Changes in Equity
For The Year Ended 31st December 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1st January 2022 10,000 888,715 16,862 915,577

Changes in equity
Dividends - (40,500 ) - (40,500 )
Total comprehensive income - 25,267 - 25,267
Balance at 31st December 2022 10,000 873,482 16,862 900,344

Changes in equity
Dividends - (640,578 ) - (640,578 )
Total comprehensive income - 66,618 (16,862 ) 49,756
Balance at 31st December 2023 10,000 299,522 - 309,522

L. J. Parris and Sons Limited (Registered number: 00476200)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

L. J. Parris and Sons 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.

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


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - between 2% and 7%
Plant and machinery - 15% on reducing balance
Tractors - 20% on reducing balance

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

L. J. Parris and Sons Limited (Registered number: 00476200)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

31.12.23 31.12.22
£    £   
Director's remuneration 9,600 9,596

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 12,710 23,829
Profit on disposal of fixed assets (108,226 ) -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery Tractors vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 683,150 455,840 165,625 2,000 1,306,615
Disposals (626,211 ) (143,832 ) (165,625 ) (2,000 ) (937,668 )
At 31st December 2023 56,939 312,008 - - 368,947
DEPRECIATION
At 1st January 2023 96,370 362,585 142,271 1,887 603,113
Charge for year 1,100 11,610 - - 12,710
Eliminated on disposal (63,634 ) (125,726 ) (142,271 ) (1,887 ) (333,518 )
At 31st December 2023 33,836 248,469 - - 282,305
NET BOOK VALUE
At 31st December 2023 23,103 63,539 - - 86,642
At 31st December 2022 586,780 93,255 23,354 113 703,502

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1st January 2023 - 100 100
Additions 562,578 - 562,578
Disposals (562,578 ) - (562,578 )
At 31st December 2023 - 100 100
NET BOOK VALUE
At 31st December 2023 - 100 100
At 31st December 2022 - 100 100

L. J. Parris and Sons Limited (Registered number: 00476200)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 39,389
Other debtors 1,966 2,019
Prepayments - 200
1,966 41,608

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 29,844 13,742
Social security and other taxes 9,986 631
Other creditors 27,919 79,108
Directors' current accounts 93,993 79,935
Accrued expenses 65,806 4,000
227,548 177,416

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
B Ordinary shares - 1,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
B Ordinary shares - 1,000

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 5,000 22,000

Deferred
tax
£   
Balance at 1st January 2023 22,000
Accelerated capital allowances (17,000 )
Balance at 31st December 2023 5,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

L. J. Parris and Sons Limited (Registered number: 00476200)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st January 2023 873,482 16,862 890,344
Profit for the year 49,756 49,756
Dividends (640,578 ) (640,578 )
Trf from revaluation reserve 16,862 (16,862 ) -
At 31st December 2023 299,522 - 299,522

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £66,300 (2022 - £40,500) were paid to the director .

The following amount was due to the director at the end of the year:
K J Parris £93,993 (2022 - £79,935).

The following amount was due to the wife of the director, Mrs M L W Parris, at the end of the year:
£25,354 (2022 - £57,035).

During the year Margaret Whiteford Associates Limited, a company in which the wife of K J Parris is a director and has material interest, invoiced the company £21,120 (2022 - £24,485) in respect of clerical services and support. The director considers the charge to be at arms length and on commercial terms. The amount owing at the end of the year was £1,880 (2022 £6,825).

During the year the company acquired 100% of the share capital of Paris Hall Farm Limited, a company of which K J Parris and M W L Parris are also directors. The shares were acquired in exchange for various freehold properties of the company. The shares were later transferred to the ultimate holding company by way of a dividend in specie, at cost.The shares were later demerged from the newly formed group and are now owned by a company under the control of the directors.

Paris Hall Farms Limited charged the company £36,806 in rent during the year which was outstanding at the year end. Similarly L J Parris and Sons charged Paris Hall Farm Ltd the sum of £1,632 in recharged costs which was outstanding at the year end.

14. ULTIMATE CONTROLLING PARTY

The controlling party is K J Parris.

The ultimate controlling party is KJ Parris due to his shareholding in the ultimate holding company, Parris Partners Limited, a company incorporated in the UK.