Company Registration No. 13106005 (England and Wales)
Parsifal Holdings Limited
Unaudited accounts
for the year ended 31 March 2024
Parsifal Holdings Limited
Unaudited accounts
Contents
Parsifal Holdings Limited
Company Information
for the year ended 31 March 2024
Directors
Mr A Katz
Mrs S Katz
Company Number
13106005 (England and Wales)
Registered Office
152 Coles Green Road
London
NW2 7HD
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Parsifal Holdings Limited
Statement of financial position
as at 31 March 2024
Investment property
3,250,000
2,899,046
Cash at bank and in hand
65,236
181,847
Creditors: amounts falling due within one year
(76,055)
(44,872)
Net current assets
235,094
158,256
Total assets less current liabilities
3,485,094
3,057,302
Creditors: amounts falling due after more than one year
(2,889,560)
(2,899,560)
Provisions for liabilities
Net assets
507,795
157,742
Called up share capital
100
100
Profit and loss account
507,695
157,642
Shareholders' funds
507,795
157,742
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
Mr A Katz
Director
Company Registration No. 13106005
Parsifal Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Parsifal Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13106005. The registered office is 152 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the rent received or receivable from the letting of property.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2023
2,899,046
Net gain from fair value adjustments
350,954
At 31 March 2024
3,250,000
Investment property is stated at the director's valuation at the balance sheet date on an open market value basis.
Barclays Bank plc holds a 1st legal charge over the company's investment property.
Parsifal Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
17,343
2,500
Accrued income and prepayments
16,257
13,289
Other debtors
212,313
5,492
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
28,972
22,712
Other creditors
6,764
4,495
Deferred income
36,119
14,065
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
2,889,560
2,899,560
8
Deferred taxation
2024
2023
Revaluation of investment property
87,739
-
Charged to the profit and loss account
87,739
-
Provision at end of year
87,739
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
There is a cross guarantee & debenture between Tribi Holdings Ltd, Parsifal Holdings Ltd & Woodfield Road Holdings Ltd in respect of borrowings of £4m from Barclays Bank plc.
These borrowings are secured by a 1st legal charge over the company's investment property.
A Katz and S Katz, the directors, are also directors of Tribi Holdings Ltd & Woodfield Road Holdings Ltd.
Parsifal Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
11
Transactions with related parties
The company provided loans during the year to Tribi Holdings Ltd.
The directors are also directors of Tribi Holdings Ltd.
Amounts due to the company from Tribi Holdings Ltd at the year end was ã151,213 (2023: ã5,392). The loans are interest free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).