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REGISTERED NUMBER: 00384692 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

H PARFITT & SONS LIMITED

H PARFITT & SONS LIMITED (REGISTERED NUMBER: 00384692)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H PARFITT & SONS LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A T Salter
P A Salter
C Salter
E B Salter





SECRETARY: A T Salter





REGISTERED OFFICE: Chase Green House
Mill Lane
Chalfont St Giles
Buckinghamshire
HP8 4NR





REGISTERED NUMBER: 00384692 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
Chartered Accountants
107 Hindes Road
Harrow
Middlesex
HA1 1RU

H PARFITT & SONS LIMITED (REGISTERED NUMBER: 00384692)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,274 4,221
Investment property 5 3,393,293 3,393,293
3,397,567 3,397,514

CURRENT ASSETS
Debtors 6 100,375 95,121
Investments 7 375,741 360,273
Cash at bank and in hand 29,530 8,948
505,646 464,342
CREDITORS
Amounts falling due within one year 8 65,278 63,907
NET CURRENT ASSETS 440,368 400,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,837,935

3,797,949

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 9 2,554,849 2,554,849
Capital redemption reserve 726 726
Retained earnings 1,252,360 1,212,374
SHAREHOLDERS' FUNDS 3,837,935 3,797,949

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

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

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 25 March 2025 and were signed on its behalf by:





A T Salter - Director


H PARFITT & SONS LIMITED (REGISTERED NUMBER: 00384692)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

H Parfitt & Sons 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 as modified by the revaluation of certain assets.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Investment property
In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to run.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

Taxation
Taxation for the year 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

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

H PARFITT & SONS LIMITED (REGISTERED NUMBER: 00384692)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 9,769 12,830 22,599
Additions 1,368 - 1,368
Disposals (5,638 ) - (5,638 )
At 31 December 2024 5,499 12,830 18,329
DEPRECIATION
At 1 January 2024 5,981 12,397 18,378
Charge for year 431 43 474
Eliminated on disposal (4,797 ) - (4,797 )
At 31 December 2024 1,615 12,440 14,055
NET BOOK VALUE
At 31 December 2024 3,884 390 4,274
At 31 December 2023 3,788 433 4,221

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 3,393,293
NET BOOK VALUE
At 31 December 2024 3,393,293
At 31 December 2023 3,393,293

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2012 2,257,054
Valuation in 2013 297,795
Cost 838,444
3,393,293

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 838,444 838,444

Investment property was valued on an open market basis on 31 December 2015 by the board of directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100,375 95,121

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 375,741 360,273

H PARFITT & SONS LIMITED (REGISTERED NUMBER: 00384692)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 50,746 49,375
Other creditors 14,532 14,532
65,278 63,907

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 2,554,849

10. RELATED PARTY DISCLOSURES

During the year H Parfitt & Sons Limited paid interim dividends of £111,150 to its parent company, H Parfitt & Sons Holdings Limited (2023: £Nil)