Company registration number: 12124275
Unaudited financial statements
for the year ended 31 December 2024
for
Parker Squire Ltd
Pages for filing with the Registrar
Parker Squire Ltd
Chartered Accountants' Report to the Director for the preparation of the unaudited
financial statements
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 Squire Ltd for the year ended 31 December 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a 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 within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Director of Parker Squire Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Parker Squire Ltd and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parker Squire Ltd and its Director for our work, or for this report.
It is your duty to ensure that Parker Squire Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Parker Squire Ltd. You consider that Parker Squire Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Parker Squire Ltd. 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.
Cobble Accountants Limited
Commerce House
Carlton Boulevard
Lincoln
Lincolnshire
LN2 4WJ
United Kingdom
Date: 26 February 2025
1
Company registration number: 12124275
Parker Squire Ltd
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Investment property 4 229,892 229,892
229,892 229,892
Current assets
Debtors 56 67,836
Cash at bank and in hand 4,046 4,017
4,102 71,853
Creditors: amounts falling due within one
year
(30,354) (98,825)
Net current liabilities (26,252) (26,972)
Total assets less current liabilities 203,640 202,920
Creditors: Amounts falling due after more
than one year
5 (158,900) (158,900)
NET ASSETS 44,740 44,020
Capital and reserves
Called up share capital 2 2
Profit and loss account 44,738 44,018
TOTAL EQUITY 44,740 44,020
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 12124275
Parker Squire Ltd
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs A Addy, Director
26 February 2025
3
Parker Squire Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Parker Squire Ltd is a private company registered in England and Wales. Its registered number is 12124275. The company is limited by shares. Its registered office is 12b Canterbury Avenue, Sheffield, South Yorkshire, S10 3RT.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4
Parker Squire Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Investment property
£
Valuation
At 1 January 2024 229,892
At 31 December 2024 229,892
5 Creditors: amounts falling due after more than five years
31 Dec 24 31 Dec 23
£ £
Repayable by instalments
Bank loans 136,597 136,597
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