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Registered number: 11130191

The Parson Woodforde Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
VFM Direct 2U
Chartered Accountant & Business Adviser
Kariny, Bungay Road
Hempnall
Norwich
Norfolk
NR15 2NG

The Parson Woodforde Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
M Boyd
A Boyd
REGISTERED OFFICE
The Old Vicarage
The Street, Ringland
Norwich
Norfolk
NR8 6JG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11130191
ACCOUNTANTS
VFM Direct 2U
Chartered Accountant & Business Adviser
Kariny, Bungay Road
Hempnall
Norwich
Norfolk
NR15 2NG

The Parson Woodforde Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Parson Woodforde Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets600,000478,863
CURRENT ASSETS
Debtors4122,021
Cash at bank and in hand47,76858,421
47,78060,442
CREDITORS: Amounts falling due within one year5373,185409,746
NET CURRENT LIABILITIES(325,405)(349,304)
TOTAL ASSETS LESS CURRENT LIABILITIES274,595129,559
PROVISIONS FOR LIABILITIES AND CHARGES623,016-
NET ASSETS251,579129,559
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account251,578129,558
SHAREHOLDERS' FUNDS251,579129,559
For the year ending 31/01/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/02/2024 and signed on their behalf by
.............................
M Boyd
Director

The Parson Woodforde Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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. The following accounting policies have been applied:
1b. Going Concern
The financial statements have been prepared on the going concern basis despite reporting net current liabilities of £325,405 (last year : £349,304) as the Company has the continuing financial support of its directors.
1c. Investment Properties
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
2. EMPLOYEES
20242023
No.No.
Average number of employees22

The Parson Woodforde Ltd

3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/2023478,863478,863
Revaluation121,137121,137
At 31/01/2024600,000600,000
4. DEBTORS 20242023
££
Amounts falling due within one year
VAT12-
Other debtors-2,021
122,021
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT-3,044
Loans366,123397,235
Other creditors5,6067,372
Accruals1,4562,095
373,185409,746
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation23,016-
23,016-

The Parson Woodforde Ltd

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11