2 2 D. Parkinson Ltd 04734204 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is property management Digita Accounts Production Advanced 6.30.9574.0 true 04734204 2023-05-01 2024-04-30 04734204 2024-04-30 04734204 bus:Director1 1 2024-04-30 04734204 bus:Director2 1 2024-04-30 04734204 core:CurrentFinancialInstruments 2024-04-30 04734204 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04734204 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 04734204 core:FurnitureFittingsToolsEquipment 2024-04-30 04734204 core:MotorVehicles 2024-04-30 04734204 bus:SmallEntities 2023-05-01 2024-04-30 04734204 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04734204 bus:FilletedAccounts 2023-05-01 2024-04-30 04734204 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04734204 bus:RegisteredOffice 2023-05-01 2024-04-30 04734204 bus:Director1 2023-05-01 2024-04-30 04734204 bus:Director1 1 2023-05-01 2024-04-30 04734204 bus:Director2 2023-05-01 2024-04-30 04734204 bus:Director2 1 2023-05-01 2024-04-30 04734204 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04734204 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 04734204 core:MotorVehicles 2023-05-01 2024-04-30 04734204 core:OfficeEquipment 2023-05-01 2024-04-30 04734204 countries:EnglandWales 2023-05-01 2024-04-30 04734204 2023-04-30 04734204 bus:Director1 1 2023-04-30 04734204 bus:Director2 1 2023-04-30 04734204 core:FurnitureFittingsToolsEquipment 2023-04-30 04734204 core:MotorVehicles 2023-04-30 04734204 2022-05-01 2023-04-30 04734204 2023-04-30 04734204 bus:Director1 1 2023-04-30 04734204 core:CurrentFinancialInstruments 2023-04-30 04734204 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04734204 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 04734204 core:FurnitureFittingsToolsEquipment 2023-04-30 04734204 core:MotorVehicles 2023-04-30 04734204 bus:Director1 1 2022-05-01 2023-04-30 04734204 bus:Director1 1 2022-04-30 xbrli:pure iso4217:GBP

Registration number: 04734204

D. Parkinson Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

D. Parkinson Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

D. Parkinson Ltd

(Registration number: 04734204)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,180

6,906

Investment property

5

145,000

145,000

 

150,180

151,906

Current assets

 

Debtors

19,596

9,694

Cash at bank and in hand

 

8,601

30,806

 

28,197

40,500

Creditors: Amounts falling due within one year

6

(1,585)

(2,216)

Net current assets

 

26,612

38,284

Total assets less current liabilities

 

176,792

190,190

Creditors: Amounts falling due after more than one year

6

(99,151)

(99,151)

Provisions for liabilities

(12,350)

(12,350)

Net assets

 

65,291

78,689

Capital and reserves

 

Called up share capital

4

4

Other reserves

63,891

63,891

Retained earnings

1,396

14,794

Shareholders' funds

 

65,291

78,689

 

D. Parkinson Ltd

(Registration number: 04734204)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2025 and signed on its behalf by:
 

.........................................
Mr A D Parkinson
Director

 

D. Parkinson Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Beech Drive
Whalley
Lancashire
BB7 9RA

These financial statements were authorised for issue by the Board on 26 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

D. Parkinson Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

D. Parkinson Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

5,932

32,995

38,927

At 30 April 2024

5,932

32,995

38,927

Depreciation

At 1 May 2023

5,676

26,345

32,021

Charge for the year

64

1,662

1,726

At 30 April 2024

5,740

28,007

33,747

Carrying amount

At 30 April 2024

192

4,988

5,180

At 30 April 2023

256

6,650

6,906

5

Investment properties

2024
£

At 1 May

145,000

At 30 April

145,000

There has been no valuation of investment property by an independent valuer.

 

D. Parkinson Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

-

631

Other creditors

1,585

1,585

1,585

2,216

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

99,151

99,151

7

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr A D Parkinson

This is an interest free loan and repayable on demand.

9,693

9,798

(9,693)

9,798

Mrs D M Parkinson

This is an interest free loan and repayable on demand.

-

9,798

-

9,798

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr A D Parkinson

This is an interest free loan and repayable on demand.

13,073

9,693

(13,073)

9,693