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REGISTERED NUMBER: 07689953 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PARKINSON REAL ESTATE LIMITED

PARKINSON REAL ESTATE LIMITED (REGISTERED NUMBER: 07689953)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKINSON REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D H Parkinson
L A Parkinson





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 07689953 (England and Wales)

PARKINSON REAL ESTATE LIMITED (REGISTERED NUMBER: 07689953)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,750 1,026

CURRENT ASSETS
Debtors 5 184,246 161,694
Cash at bank 1,591 222,997
185,837 384,691
CREDITORS
Amounts falling due within one year 6 34,893 117,454
NET CURRENT ASSETS 150,944 267,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,694

268,263

CREDITORS
Amounts falling due after more than one
year

7

35,197

41,968
NET ASSETS 120,497 226,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,397 226,195
SHAREHOLDERS' FUNDS 120,497 226,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

PARKINSON REAL ESTATE LIMITED (REGISTERED NUMBER: 07689953)

BALANCE SHEET - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





D H Parkinson - Director


PARKINSON REAL ESTATE LIMITED (REGISTERED NUMBER: 07689953)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Parkinson Real Estate Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07689953

Registered office: Victoria House
26 Queen Victoria Street
Reading
RG1 1TG

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of commercial property consultancy.

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
Revenue (described as Turnover) is measured at the fair value of consideration received or receivable and stated stated net of value added tax, rebates and similar allowances. Revenue is recognised when it becomes receivable having regard to satisfactory completion of services.

Tangible fixed assets
Tangible assets are held at cost less accumulated depreciation and impairment. Depreciation is charged at the following annual rates in order to write off each asset over its useful economic life.

Office equipment - 25% straight line basis

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.


PARKINSON REAL ESTATE LIMITED (REGISTERED NUMBER: 07689953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Tax on profit represents the sum of the tax currently payable and deferred tax.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior
years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively
enacted by the period end.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 - 1,845 1,845
Additions 4,698 - 4,698
At 31 March 2024 4,698 1,845 6,543
DEPRECIATION
At 1 April 2023 - 819 819
Charge for year 685 289 974
At 31 March 2024 685 1,108 1,793
NET BOOK VALUE
At 31 March 2024 4,013 737 4,750
At 31 March 2023 - 1,026 1,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,579 9,000
Other debtors 146,667 152,694
184,246 161,694

PARKINSON REAL ESTATE LIMITED (REGISTERED NUMBER: 07689953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,351 6,321
Trade creditors 3,240 3,355
Taxation and social security 23,202 103,619
Other creditors 2,100 4,159
34,893 117,454

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 35,197 41,968

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors owed the company £146,667 (2023: £144,281).