| REGISTERED NUMBER: |
| PARKER & SON (HOLDINGS) LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| REGISTERED NUMBER: |
| PARKER & SON (HOLDINGS) LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| PARKER & SON (HOLDINGS) LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 81 Burton Road |
| Derby |
| Derbyshire |
| DE1 1TJ |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| BALANCE SHEET |
| 28 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Other reserves | 9 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| BALANCE SHEET - continued |
| 28 AUGUST 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Parker & Son (Holdings) Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors consider it appropriate to prepare the financial statements on the going concern basis, and confirm support of the company via their loan accounts. |
| The financial year has been extended from 29 February 2024 to 28 August 2024 for administrative purposes. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Parker & Son (Holdings) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Sales, rental income and commission shown in the profit and loss account represents amounts invoiced during the year exclusive of value added tax. |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost or deemed cost less any provision for impairment. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
| 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 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. |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 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. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2023 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2023 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 28 August 2024 |
| DEPRECIATION |
| At 1 March 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 28 August 2024 |
| NET BOOK VALUE |
| At 28 August 2024 |
| At 28 February 2023 |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 March 2023 |
| and 28 August 2024 |
| PROVISIONS |
| At 1 March 2023 |
| and 28 August 2024 | 121,438 |
| NET BOOK VALUE |
| At 28 August 2024 |
| At 28 February 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation tax |
| VAT | 1,900 | 781 |
| Directors' current accounts | 38,857 | 149,003 |
| Accruals and deferred income |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 50,850 | 50,850 |
| 9. | RESERVES |
| Retained | Other |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 March 2023 | ( |
) | (65,193 | ) |
| Deficit for the period | ( |
) | ( |
) |
| At 28 August 2024 | ( |
) | (73,077 | ) |
| Other reserves relates to a merger reserve. |
| PARKER & SON (HOLDINGS) LTD (REGISTERED NUMBER: 06455900) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 MARCH 2023 TO 28 AUGUST 2024 |
| 10. | RELATED PARTY DISCLOSURES |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to directors | 38,857 | 149,003 |
| Amounts owed to group undertakings | - | 21,360 |
| The above amounts are interest free, and have no formal repayment terms. |
| Parker & Son (Printers) Ltd, a wholly owned subsidiary, appointed a liquidator on 17 February 2023. |
| An amount of £13,946 owed to Parker & Son (Holdings) Ltd by Parker & Son (Printers) Ltd was written off as an exceptional item in the year ended 28 February 2023. |