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REGISTERED NUMBER: 12570833 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Parkhall Private Office Ltd

Parkhall Private Office Ltd (Registered number: 12570833)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Parkhall Private Office Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A J F Becher
Ms R A Becher





SECRETARY: Ms R A Becher





REGISTERED OFFICE: Nettlebed Farm
Nettlebeds Lane
Nr Alresford
Hampshire
SO24 9RF





REGISTERED NUMBER: 12570833 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Parkhall Private Office Ltd (Registered number: 12570833)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 979,233 981,986

CURRENT ASSETS
Debtors 957,830 794,492
Cash at bank 336,374 214,023
1,294,204 1,008,515
CREDITORS
Amounts falling due within one year 501,894 371,495
NET CURRENT ASSETS 792,310 637,020
TOTAL ASSETS LESS CURRENT LIABILITIES 1,771,543 1,619,006

CAPITAL AND RESERVES
Called up share capital 5 1 1
Share premium 181,646 181,646
Retained earnings 1,589,896 1,437,359
SHAREHOLDERS' FUNDS 1,771,543 1,619,006

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




Mr A J F Becher - Director


Parkhall Private Office Ltd (Registered number: 12570833)

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


1. STATUTORY INFORMATION

Parkhall Private Office Ltd 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 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 assets.

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

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for 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 receivable.

Trade creditors
Trade creditors 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 amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.


Parkhall Private Office Ltd (Registered number: 12570833)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Investments in associates are measured at cost less impairment. Where reliable market value is available, investments are measured at fair value. Otherwise, investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023 981,986
Additions 6
Disposals (9,515 )
Fair value movement 6,756
At 30 April 2024 979,233
NET BOOK VALUE
At 30 April 2024 979,233
At 30 April 2023 981,986

Parkhall Private Office Ltd (Registered number: 12570833)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. CALLED UP SHARE CAPITAL

Allotment, issued & fully paid: Class: Nominal Value: 2023 2022
£    £   
75 Ordinary A 0.01 0.75 0.75
25 Ordinary B 0.01 0.25 0.25
1 1


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr A J F Becher
Balance outstanding at start of year 593,716 249,747
Amounts advanced 48,011 380,920
Amounts repaid - (36,951 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 641,727 593,716

Interest is charged on advances to the director at the HMRC approved rate of interest. The loan was provided with no fixed repayment terms and no security.

7. RELATED PARTY DISCLOSURES

During the year funds totalling £4,221 (2023: £26,500) were transferred to a subsidiary company of Parkhall Private Office Ltd, funds totalling £142,487 (2023: £533,795) were transferred from a subsidiary company of Parkhall Private Office Ltd.

At the balance sheet date £114,494 was due to (2023: £57,772 owed by) the subsidiary company.

During the year funds totalling £156,431 were transferred to another subsidiary company of Parkhall Private Office Ltd and at the balance sheet date £156,431 was owed by this subsidiary company.

During the year the company received funds totalling £314,497 from an LLP in which it is a member. As at the balance sheet date £314,497 was owed to the LLP.