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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
Page
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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
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Parsifal Holdings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
3,250,000 
2,899,046 
Current assets
Debtors
245,913 
21,281 
Cash at bank and in hand
65,236 
181,847 
311,149 
203,128 
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
Deferred tax
(87,739)
- 
Net assets
507,795 
157,742 
Capital and reserves
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
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Parsifal Holdings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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
Turnover is measured at the fair value of the rent received or receivable from the letting of property.
Deferred taxation
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.
4
Investment property
2024 
£ 
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.
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Parsifal Holdings Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
245,913 
21,281 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
28,972 
22,712 
Other creditors
6,764 
4,495 
Accruals
4,200 
3,600 
Deferred income
36,119 
14,065 
76,055 
44,872 
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 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
87,739 
- 
Provision at end of year
87,739 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Contingent liabilities
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.
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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 £151,213 (2023: £5,392). 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).
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