REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
for |
Parker & Paulwell Properties Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
for |
Parker & Paulwell Properties Ltd |
Parker & Paulwell Properties Ltd (Registered number: 14929312) |
Contents of the Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Parker & Paulwell Properties Ltd (Registered number: 14929312) |
Balance Sheet |
30 June 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Parker & Paulwell Properties Ltd (Registered number: 14929312) |
Notes to the Financial Statements |
for the Period 12 June 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Parker & Paulwell Properties Ltd is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
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 as modified by the revaluation of certain fixed assets. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
Parker & Paulwell Properties Ltd (Registered number: 14929312) |
Notes to the Financial Statements - continued |
for the Period 12 June 2023 to 30 June 2024 |
4. | INVESTMENT PROPERTY - continued |
The property is stated at cost and, in the opinion of the directors, there has been no significant change in its value at 30th June 2024. |
5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
There is a fixed and floating charge over the property held in Parker & Paulwell Properties dated 21 December 2023. |