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REGISTERED NUMBER: 06918103 (England and Wales)















THE PARKINS PARTNERSHIP LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 31 JANUARY 2025






THE PARKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06918103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2024 TO 31 JANUARY 2025










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


THE PARKINS PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2024 TO 31 JANUARY 2025







Directors: Dr S L Parkins
Dr D A Parkins





Registered office: Whitecroft
Rabley Heath Road
Welwyn
Hertfordshire
AL6 9UA





Registered number: 06918103 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

THE PARKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06918103)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 4 762 915

Current assets
Stocks - 1,533
Cash at bank 158,871 158,893
158,871 160,426
Creditors
Amounts falling due within one year 5 2,639 4,518
Net current assets 156,232 155,908
Total assets less current liabilities 156,994 156,823

Capital and reserves
Called up share capital 100 100
Retained earnings 156,894 156,723
Shareholders' funds 156,994 156,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2025 and were signed on its behalf by:




Dr D A Parkins - Director



Dr S L Parkins - Director


THE PARKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06918103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2024 TO 31 JANUARY 2025


1. Statutory information

The Parkins Partnership Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of the contractual obligations. The amount of revenue included reflects the right to consideration as contract activity progresses by reference to value of the work performed.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. Employees and directors

The average number of employees during the period was 2 (2024 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 June 2024
and 31 January 2025 2,263
Depreciation
At 1 June 2024 1,348
Charge for period 153
At 31 January 2025 1,501
Net book value
At 31 January 2025 762
At 31 May 2024 915

THE PARKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06918103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2024 TO 31 JANUARY 2025


5. Creditors: amounts falling due within one year
2025 2024
£ £
Taxation and social security 76 1,144
Other creditors 2,563 3,374
2,639 4,518