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REGISTERED NUMBER: 03053441 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

G.K. PARKER LIMITED

G.K. PARKER LIMITED (REGISTERED NUMBER: 03053441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.K. PARKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: K A Wicks
Mrs M Y Parker
Miss S Wicks





SECRETARY: Mrs M Y Parker





REGISTERED OFFICE: Trenance Swingleton Green
Monks Eleigh
Ipswich
Suffolk
IP7 7AB





REGISTERED NUMBER: 03053441 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

G.K. PARKER LIMITED (REGISTERED NUMBER: 03053441)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,189 10,889
Investment property 5 150,998 150,998
164,187 161,887

CURRENT ASSETS
Debtors 6 60,409 32,643
Cash at bank 80,684 94,912
141,093 127,555
CREDITORS
Amounts falling due within one year 7 24,900 28,214
NET CURRENT ASSETS 116,193 99,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,380

261,228

PROVISIONS FOR LIABILITIES 2,505 2,070
NET ASSETS 277,875 259,158

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 277,862 259,145
SHAREHOLDERS' FUNDS 277,875 259,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

G.K. PARKER LIMITED (REGISTERED NUMBER: 03053441)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





K A Wicks - Director


G.K. PARKER LIMITED (REGISTERED NUMBER: 03053441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

G.k. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2023 - 2 ) .

G.K. PARKER LIMITED (REGISTERED NUMBER: 03053441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023 18,949
Additions 5,600
At 31 May 2024 24,549
DEPRECIATION
At 1 June 2023 8,060
Charge for year 3,300
At 31 May 2024 11,360
NET BOOK VALUE
At 31 May 2024 13,189
At 31 May 2023 10,889

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 150,998
NET BOOK VALUE
At 31 May 2024 150,998
At 31 May 2023 150,998

The investment property was valued by the directors at 31 May 2024 and they consider that the value carried in the accounts reasonably represents it's current valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 409 2,643
Prepayments and accrued income 60,000 30,000
60,409 32,643

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 4,190 2,890
Directors loans 16,090 23,324
Accruals and deferred income 4,620 2,000
24,900 28,214

G.K. PARKER LIMITED (REGISTERED NUMBER: 03053441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £6,000) were paid to the directors .

During the year the company made a charge for services of £30,000 (2023 £30,000) to the G K Parker Limited
Retirement Benefits Scheme, a pension fund in which benefits are accruing to K A Wicks and M Y Parker, both directors of this company .

9. ULTIMATE CONTROLLING PARTY

The company is controlled by M Y Parker and K A Wicks who own 100% of the issued share capital between them.