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REGISTERED NUMBER: 06742226 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PARASOL UP COCKTAILS AND EVENTS LIMITED

PARASOL UP COCKTAILS AND EVENTS LIMITED (REGISTERED NUMBER: 06742226)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARASOL UP COCKTAILS AND EVENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs N J Casey





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 06742226 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PARASOL UP COCKTAILS AND EVENTS LIMITED (REGISTERED NUMBER: 06742226)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,017 11,794

CURRENT ASSETS
Stocks 5 481 942
Debtors 6 18,728 15,930
Cash at bank 23,797 12,765
43,006 29,637
CREDITORS
Amounts falling due within one year 7 21,997 6,365
NET CURRENT ASSETS 21,009 23,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,026

35,066

CREDITORS
Amounts falling due after more than one
year

8

3,683

6,284
NET ASSETS 26,343 28,782

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 26,342 28,781
SHAREHOLDERS' FUNDS 26,343 28,782

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

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

The director acknowledges her 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.

PARASOL UP COCKTAILS AND EVENTS LIMITED (REGISTERED NUMBER: 06742226)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Mrs N J Casey - Director


PARASOL UP COCKTAILS AND EVENTS LIMITED (REGISTERED NUMBER: 06742226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Parasol Up Cocktails and Events 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.

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.
Plant and machinery - 25% on reducing balance and Straight line over 6 years
Fixtures and fittings - 25% on reducing balance and Straight line over 6 years
Motor vehicles - 25% on reducing balance and Straight line over 6 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PARASOL UP COCKTAILS AND EVENTS LIMITED (REGISTERED NUMBER: 06742226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 January 2023 24,361 2,416 17,292 44,069
Additions 179 - - 179
At 31 December 2023 24,540 2,416 17,292 44,248
DEPRECIATION
At 1 January 2023 15,635 2,057 14,583 32,275
Charge for year 2,189 90 677 2,956
At 31 December 2023 17,824 2,147 15,260 35,231
NET BOOK VALUE
At 31 December 2023 6,716 269 2,032 9,017
At 31 December 2022 8,726 359 2,709 11,794

5. STOCKS
2023 2022
£ £
Stocks 481 942

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by associates 16,681 14,281
Directors' current accounts 2,047 -
Tax - 1,649
18,728 15,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 2,600 2,600
Tax 366 -
Social security and other taxes 4,951 -
Other creditors 12,076 -
Directors' current accounts - 2,720
Accrued expenses 2,004 1,045
21,997 6,365

Other creditors consists of £12,076 (2022: £Nil) in relation to net wages due to employees.

PARASOL UP COCKTAILS AND EVENTS LIMITED (REGISTERED NUMBER: 06742226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 2,600 2,600
Bank loans - 2-5 years 1,083 3,684
3,683 6,284

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

Rockhopper Events Limited is a related company in which the director has a shareholding. At the year end there was an amount owed from Rockhopper Events Ltd of £16,681 (2022: £14,281) and this is included in debtors.

During the year, the company paid pitch fees to Rockhopper Events Limited totalling £6,200 (2022: £8,500). These transactions were undertaken at market value.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N J Casey.