Company registration number 14987619 (England and Wales)
PARSONAGE 53 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
PARSONAGE 53 LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
PARSONAGE 53 LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
28,942
Current assets
Stocks
9,831
Debtors
1,050
Cash at bank and in hand
6,580
17,461
Creditors: amounts falling due within one year
(60,991)
Net current liabilities
(43,530)
Total assets less current liabilities
(14,588)
Creditors: amounts falling due after more than one year
(75,000)
Net liabilities
(89,588)
Capital and reserves
Called up share capital
4
100
Profit and loss reserves
(89,688)
Total equity
(89,588)
PARSONAGE 53 LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

For the financial Period ended 31 July 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 of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 January 2025 and are signed on its behalf by:
Mr T P M Brown
Director
Company registration number 14987619 (England and Wales)
PARSONAGE 53 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

Parsonage 53 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 52F Woodmancote, Dursley, Gloucestershire, England, GL11 4AQ.

1.1
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Sales are recognised at point of sale.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% on cost
Fixtures and fittings
33% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

PARSONAGE 53 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
Number
Total
19
3
Tangible fixed assets
Total
£
Cost
At 7 July 2023
-
0
Additions
38,880
At 31 July 2024
38,880
Depreciation and impairment
At 7 July 2023
-
0
Depreciation charged in the Period
9,938
At 31 July 2024
9,938
Carrying amount
At 31 July 2024
28,942
4
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A of £1 each
100
100

On incorporation of the company 100 Ordinary A shares with a nominal value of £1 were issued.

PARSONAGE 53 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 5 -
5
Related party transactions

Mr B Moulder and Mr T Brown

Directors and shareholders     

 

During the period both Mr B Moulder and Mr T Brown advanced money to the company as working capital. The balances due to the directors at the end of the period were £106,126 and £23 respectively. The advances are repayable on demand, unsecured and do not attract interest.

 

2024-07-312023-07-07falsefalsefalse15 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr T P M BrownMr B Moulder149876192023-07-072024-07-31149876192024-07-3114987619core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3114987619core:Non-currentFinancialInstrumentscore:AfterOneYear2024-07-3114987619core:ShareCapital2024-07-3114987619core:RetainedEarningsAccumulatedLosses2024-07-3114987619bus:Director12023-07-072024-07-3114987619core:PlantMachinery2023-07-072024-07-3114987619core:FurnitureFittings2023-07-072024-07-3114987619core:ComputerEquipment2023-07-072024-07-31149876192023-07-0614987619bus:PrivateLimitedCompanyLtd2023-07-072024-07-3114987619bus:SmallCompaniesRegimeForAccounts2023-07-072024-07-3114987619bus:FRS1022023-07-072024-07-3114987619bus:AuditExemptWithAccountantsReport2023-07-072024-07-3114987619bus:Director22023-07-072024-07-3114987619bus:FullAccounts2023-07-072024-07-31xbrli:purexbrli:sharesiso4217:GBP