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REGISTERED NUMBER: 04931885 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

PARTHIAN CLIMBING LIMITED

PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARTHIAN CLIMBING LIMITED

COMPANY INFORMATION
for the Period 1 April 2023 to 30 March 2024







DIRECTORS: J D Dunne
A C G Denton





SECRETARIES: Mrs J Dunne
I D Powell





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 04931885 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)

BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,277,693 2,217,009
Investments 5 4 4
3,277,697 2,217,013

CURRENT ASSETS
Stocks 275,461 291,915
Debtors 6 559,207 842,337
Cash at bank and in hand 162,634 533,627
997,302 1,667,879
CREDITORS
Amounts falling due within one year 7 2,179,306 1,917,371
NET CURRENT LIABILITIES (1,182,004 ) (249,492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,095,693

1,967,521

CREDITORS
Amounts falling due after more than one
year

8

(1,379,630

)

(990,863

)

PROVISIONS FOR LIABILITIES 10 (168,422 ) -
NET ASSETS 547,641 976,658

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 230,000 230,000
Retained earnings 307,641 736,658
SHAREHOLDERS' FUNDS 547,641 976,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)

BALANCE SHEET - continued
30 March 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 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 17 March 2025 and were signed on its behalf by:





J D Dunne - Director


PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

Parthian Climbing 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 for goods and services provided, excluding discounts, rebates, Value Added Tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and impairment. Depreciation is provided at the
following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life.

Freehold property-50 years
Property improvements-between 10 & 20 years
Plant, machinery & equipment-between 3 & 15 years

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 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.


PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 121 (2023 - 97 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 871,334 3,881,052 4,752,386
Additions 628,365 948,195 1,576,560
Disposals (98,818 ) (485,878 ) (584,696 )
At 30 March 2024 1,400,881 4,343,369 5,744,250
DEPRECIATION
At 1 April 2023 522,607 2,012,770 2,535,377
Charge for period 60,947 407,577 468,524
Eliminated on disposal (71,286 ) (466,058 ) (537,344 )
At 30 March 2024 512,268 1,954,289 2,466,557
NET BOOK VALUE
At 30 March 2024 888,613 2,389,080 3,277,693
At 31 March 2023 348,727 1,868,282 2,217,009

PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 30 March 2024 4
NET BOOK VALUE
At 30 March 2024 4
At 31 March 2023 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,665 250,862
Other debtors 531,542 591,475
559,207 842,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 144,841 202,631
Hire purchase contracts 129,395 12,348
Trade creditors 406,848 586,471
Amounts owed to related undertakings 395,000 358,300
Taxation and social security 239,478 98,233
Other creditors 863,744 659,388
2,179,306 1,917,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 667,880 754,931
Hire purchase contracts 364,066 19,355
Other creditors 347,684 216,577
1,379,630 990,863

PARTHIAN CLIMBING LIMITED (REGISTERED NUMBER: 04931885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire Purchase 493,461 31,703
Bank Loans 812,721 957,562
1,306,182 989,265

Bank loans and overdrafts are secured by way of a fixed and floating charge over company assets and an unlimited debenture, together with a joint and several guarantee for a principal amount of £400,000 provided by the company Bollin Group Limited, a company with connected shareholders together with a personal guarantee from a director amounting to £50,000..

Hire purchase agreements are secured against the assets concerned.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 168,422 -

Deferred
tax
£   
Provided during period 168,422
Balance at 30 March 2024 168,422

11. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the Balance Sheet amount to £8,241,425 (2023: £4,038,831), this relates to the leases of company premises and assets.

12. RELATED PARTY DISCLOSURES

Included in Amounts due to related undertakings is £395,000 (2023: £358,300) due to connected companies. Interest amounting to £37,264 (2023: £13,756) has been charged/accrued in the year.

Included in Other Creditors is £197,684 (2023: £216,577) due to a trust which is connected with a shareholder. Interest amounting to £17,873, (2023 - £18,892) has been charged/accrued in the year.

Included in Other Creditors is £89,348 (2023: £59,206) due to Directors.