Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30Real estate agentfalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01false2true 10959443 2023-10-01 2024-09-30 10959443 2022-10-01 2023-09-30 10959443 2024-09-30 10959443 2023-09-30 10959443 c:Director1 2023-10-01 2024-09-30 10959443 d:PlantMachinery 2023-10-01 2024-09-30 10959443 d:PlantMachinery 2024-09-30 10959443 d:PlantMachinery 2023-09-30 10959443 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10959443 d:MotorVehicles 2023-10-01 2024-09-30 10959443 d:MotorVehicles 2024-09-30 10959443 d:MotorVehicles 2023-09-30 10959443 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10959443 d:FurnitureFittings 2023-10-01 2024-09-30 10959443 d:FurnitureFittings 2024-09-30 10959443 d:FurnitureFittings 2023-09-30 10959443 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10959443 d:OfficeEquipment 2023-10-01 2024-09-30 10959443 d:OfficeEquipment 2024-09-30 10959443 d:OfficeEquipment 2023-09-30 10959443 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10959443 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10959443 d:CurrentFinancialInstruments 2024-09-30 10959443 d:CurrentFinancialInstruments 2023-09-30 10959443 d:Non-currentFinancialInstruments 2024-09-30 10959443 d:Non-currentFinancialInstruments 2023-09-30 10959443 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10959443 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10959443 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10959443 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10959443 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 10959443 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 10959443 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 10959443 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 10959443 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 10959443 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 10959443 d:ShareCapital 2024-09-30 10959443 d:ShareCapital 2023-09-30 10959443 d:RetainedEarningsAccumulatedLosses 2024-09-30 10959443 d:RetainedEarningsAccumulatedLosses 2023-09-30 10959443 c:FRS102 2023-10-01 2024-09-30 10959443 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10959443 c:FullAccounts 2023-10-01 2024-09-30 10959443 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10959443 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 10959443 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 10959443 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 10959443 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 10959443 d:HirePurchaseContracts d:MoreThanFiveYears 2024-09-30 10959443 d:HirePurchaseContracts d:MoreThanFiveYears 2023-09-30 10959443 2 2023-10-01 2024-09-30 10959443 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 10959443 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 10959443 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10959443










PARKER PROPERTY GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PARKER PROPERTY GROUP LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PARKER PROPERTY GROUP LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parker Property Group Limited for the year ended 30 September 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Parker Property Group Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Parker Property Group Limited and state those matters that we have agreed to state to the Board of directors of Parker Property Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parker Property Group Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Parker Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parker Property Group Limited. You consider that Parker Property Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Parker Property Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ
5 February 2025
Page 1

 
PARKER PROPERTY GROUP LIMITED
REGISTERED NUMBER: 10959443

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
67,824
1,963

  
67,824
1,963

Current assets
  

Debtors: amounts falling due within one year
 5 
123,433
138,433

Cash at bank and in hand
  
72,051
82,531

  
195,484
220,964

Creditors: amounts falling due within one year
 6 
(74,944)
(92,346)

Net current assets
  
 
 
120,540
 
 
128,618

Total assets less current liabilities
  
188,364
130,581

Creditors: amounts falling due after more than one year
 7 
(81,589)
(43,640)

Provisions for liabilities
  

Deferred tax
 10 
(16,955)
(491)

  
 
 
(16,955)
 
 
(491)

Net assets
  
89,820
86,450


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
89,818
86,448

  
89,820
86,450


Page 2

 
PARKER PROPERTY GROUP LIMITED
REGISTERED NUMBER: 10959443
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.




A D Day
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)


1.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 10959443
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
1,744
-
929
4,537
7,210


Additions
-
87,425
856
598
88,879



At 30 September 2024

1,744
87,425
1,785
5,135
96,089



Depreciation


At 1 October 2023
436
-
635
4,176
5,247


Charge for the year on owned assets
327
21,856
288
547
23,018



At 30 September 2024

763
21,856
923
4,723
28,265



Net book value



At 30 September 2024
981
65,569
862
412
67,824



At 30 September 2023
1,308
-
294
361
1,963

Page 7

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
122,433
132,433

Other debtors
1,000
6,000

123,433
138,433



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,436
16,457

Trade creditors
124
-

Corporation tax
42,428
54,709

Other taxation and social security
19,004
19,083

Obligations under finance lease and hire purchase contracts
5,837
-

Other creditors
330
397

Accruals and deferred income
1,785
1,700

74,944
92,346



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,291
43,640

Net obligations under finance leases and hire purchase contracts
54,298
-

81,589
43,640


Page 8

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,436
16,457


5,436
16,457

Amounts falling due 1-2 years

Bank loans
5,436
16,457


5,436
16,457

Amounts falling due 2-5 years

Bank loans
16,308
16,308


16,308
16,308

Amounts falling due after more than 5 years

Bank loans
5,547
10,874

5,547
10,874

32,727
60,096


Page 9

 
PARKER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,500
-

Between 1-5 years
11,500
-

Over 5 years
45,000
-

68,000
-


10.


Deferred taxation




2024


£






At beginning of year
(490)


Charged to profit or loss
(16,465)



At end of year
(16,955)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(16,956)
(490)

(16,956)
(490)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £53,333 (2023 - £31,467). Contributions totalling £0 (2023 - £0) were payable to the fund at the reporting date and are included in creditors.


12.


Related party transactions

The amount due from to the directors, and included in other creditors at the reporting date, was £330; (2023: £397).  The loan does not attract a rate of interest and is repayable on demand

 
Page 10