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REGISTERED NUMBER: 07236689 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PARKINSON PROPERTY CONSULTANTS LIMITED

PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARKINSON PROPERTY CONSULTANTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: G J Bartlett
A H Bellis
D Crawshaw
M Smith





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
WN1 2TB





REGISTERED NUMBER: 07236689 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,799 1,911
Investments 6 70,000 70,000
71,799 71,911

CURRENT ASSETS
Debtors 7 205,473 245,361

CREDITORS
Amounts falling due within one year 8 237,273 249,089
NET CURRENT LIABILITIES (31,800 ) (3,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,999

68,183

CREDITORS
Amounts falling due after more than one
year

9

10,834

51,156
NET ASSETS 29,165 17,027

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 29,045 16,907
SHAREHOLDERS' FUNDS 29,165 17,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2025 and were signed on its behalf by:





G J Bartlett - Director


PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Parkinson Property Consultants 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the value of services provided, excluding value added tax, during the year.

Turnover is recognised when the service has occured and an invoice is raised and sent to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts, trade creditors, bank loans and accruals.

Financial instruments that are payable or receivable within one year, typically trade debtors, Directors loan accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash ot other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loans are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.


PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 120,609
AMORTISATION
At 1 May 2023
and 30 April 2024 120,609
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 27,353
Additions 550
At 30 April 2024 27,903
DEPRECIATION
At 1 May 2023 25,442
Charge for year 662
At 30 April 2024 26,104
NET BOOK VALUE
At 30 April 2024 1,799
At 30 April 2023 1,911

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 70,000
NET BOOK VALUE
At 30 April 2024 70,000
At 30 April 2023 70,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,209 68,117
Amounts owed by group undertakings 71,015 -
Other debtors 28,249 177,244
205,473 245,361

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,621 23,004
Trade creditors 34,585 105,821
Taxation and social security 156,180 97,124
Other creditors 30,887 23,140
237,273 249,089

PARKINSON PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 07236689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,834 20,833
Amounts owed to group undertakings - 30,323
10,834 51,156

10. RELATED PARTY DISCLOSURES

The company is the parent of Direct Property Estates Limited, a wholly owned subsidiary incorporated in England.

At the reporting date £70,842 (2023: £30,324 Cr) was owed from Direct Property Estates Limited to the company. No interest is being charged and there are no formal repayment terms.