Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08824179 Mr Daniel Aris Parley Chase (Assets) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08824179 2023-04-30 08824179 2024-04-30 08824179 2023-05-01 2024-04-30 08824179 frs-core:CurrentFinancialInstruments 2024-04-30 08824179 frs-core:NetGoodwill 2024-04-30 08824179 frs-core:NetGoodwill 2023-05-01 2024-04-30 08824179 frs-core:NetGoodwill 2023-04-30 08824179 frs-core:ShareCapital 2024-04-30 08824179 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08824179 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08824179 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08824179 frs-bus:SmallEntities 2023-05-01 2024-04-30 08824179 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08824179 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08824179 1 2023-05-01 2024-04-30 08824179 frs-core:UnlistedNon-exchangeTraded 2024-04-30 08824179 frs-core:UnlistedNon-exchangeTraded 2023-04-30 08824179 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 08824179 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 08824179 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 08824179 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 08824179 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 08824179 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 08824179 frs-bus:Director1 2023-05-01 2024-04-30 08824179 frs-core:CurrentFinancialInstruments 1 2024-04-30 08824179 frs-countries:EnglandWales 2023-05-01 2024-04-30 08824179 2022-04-30 08824179 2023-04-30 08824179 2022-05-01 2023-04-30 08824179 frs-core:CurrentFinancialInstruments 2023-04-30 08824179 frs-core:ShareCapital 2023-04-30 08824179 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 08824179 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 08824179
Parley Chase Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Montacs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08824179
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 169,333 199,333
Investments 5 4,612,858 3,692,987
4,782,191 3,892,320
CURRENT ASSETS
Debtors 6 695,601 755,535
695,601 755,535
Creditors: Amounts Falling Due Within One Year 7 (1,399,354 ) (1,259,602 )
NET CURRENT ASSETS (LIABILITIES) (703,753 ) (504,067 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,078,438 3,388,253
NET ASSETS 4,078,438 3,388,253
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 4,078,338 3,388,153
SHAREHOLDERS' FUNDS 4,078,438 3,388,253
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Aris
Director
23/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Parley Chase Limited Registered number 08824179 is a limited by shares company incorporated in England & Wales. The Registered Office is 3 Yarrow Road, Tower Park, Poole, Dorset, BH12 4TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises revenue recognised by the company in respect of its share of profits and losses from its investment in Tower Supplies.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
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4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 320,000
As at 30 April 2024 320,000
Amortisation
As at 1 May 2023 120,667
Provided during the period 30,000
As at 30 April 2024 150,667
Net Book Value
As at 30 April 2024 169,333
As at 1 May 2023 199,333
5. Investments
Unlisted
£
Cost
As at 1 May 2023 3,692,987
Additions 1,450,001
Disposals (530,130 )
As at 30 April 2024 4,612,858
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 4,612,858
As at 1 May 2023 3,692,987
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 45,000 45,000
Other debtors (1) 500,000 500,000
Amounts owed by group undertakings 150,601 210,535
695,601 755,535
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 341,985 210,592
Other creditors 210,164 203,208
Accruals and deferred income 825 1,734
Amounts owed to group undertakings 846,381 844,069
1,399,354 1,259,602
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Parley Chase (Assets) Limited by virtue of their ownership of 100% of the issued share capital in the company.
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