Registered number: 11130191 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Norfolk | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
47,780 | 60,442 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (349,304) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 251,578 | 129,558 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
The Parson Woodforde Ltd | ||||||||
3. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/02/2023 | 478,863 | 478,863 | ||
Revaluation | 121,137 | 121,137 | ||
At 31/01/2024 | 600,000 | 600,000 | ||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
VAT | 12 | - | ||||||
Other debtors | - | 2,021 | ||||||
12 | 2,021 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | - | 3,044 | ||||||
Loans | 366,123 | 397,235 | ||||||
Other creditors | 5,606 | 7,372 | ||||||
Accruals | 1,456 | 2,095 | ||||||
373,185 | 409,746 | |||||||
6. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 23,016 | - | ||||||
23,016 | - | |||||||
The Parson Woodforde Ltd | ||||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||