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Company Registration Number: 13197655
 
 
Parkin Finance Limited
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 31 March 2025
Parkin Finance Limited
DIRECTOR AND OTHER INFORMATION

 
Director Melissa Parkin
 
 
Company Registration Number 13197655
 
 
Registered Office 61 Jenkin Rise
Kendal
Cumbria
LA9 6JN
UK
 
 
Business Address Unit 1 (Suite 9)
Meadowbank Business Park
Shap Road
Kendal
Cumbria
LA9 6NY
UK



Parkin Finance Limited
DIRECTOR'S REPORT
for the financial year ended 31 March 2025

 
The director presents her report and the unaudited financial statements for the financial year ended 31 March 2025.
     
Director
The director who served during the financial year is as follows:
     
Melissa Parkin
   
There were no changes in shareholdings between 31 March 2025 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
select suitable accounting policies and apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Melissa Parkin
Director
     
16 June 2025



Parkin Finance Limited
Company Registration Number: 13197655
BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 4 6,033 5,258
───────── ─────────
 
Current Assets
Debtors 5 23,496 18,732
Cash and cash equivalents 12,765 10,653
───────── ─────────
36,261 29,385
───────── ─────────
Creditors: amounts falling due within one year 6 (39,344) (31,424)
───────── ─────────
Net Current Liabilities (3,083) (2,039)
───────── ─────────
Total Assets less Current Liabilities 2,950 3,219
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 2,850 3,119
───────── ─────────
Equity attributable to owners of the company 2,950 3,219
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.
           
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 16 June 2025
           
           
________________________________          
Melissa Parkin          
Director          
           



Parkin Finance Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
Parkin Finance Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 13197655. The registered office of the company is 61 Jenkin Rise, Kendal, Cumbria, LA9 6JN, UK. The principal activity of the company continued to be that of accountancy services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Reducing balance / 3 years Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (2024 - 1).
 
  2025 2024
  Number Number
 
Employees 2 1
  ═════════ ═════════
     
4. Tangible assets
  Plant and
  machinery
   
  £
Cost
At 1 April 2024 8,621
Additions 2,751
  ─────────
At 31 March 2025 11,372
  ─────────
Depreciation
At 1 April 2024 3,363
Charge for the financial year 1,976
  ─────────
At 31 March 2025 5,339
  ─────────
Net book value
At 31 March 2025 6,033
  ═════════
At 31 March 2024 5,258
  ═════════
       
5. Debtors 2025 2024
  £ £
 
Trade debtors 19,788 15,778
Taxation  (Note 7) - 10
Prepayments and accrued income 3,708 2,944
  ───────── ─────────
  23,496 18,732
  ═════════ ═════════
       
6. Creditors 2025 2024
Amounts falling due within one year £ £
 
Trade creditors 2,231 1,016
Taxation  (Note 7) 11,032 7,771
Director's current account 21,507 19,908
Other creditors 4,354 2,618
Accruals 220 111
  ───────── ─────────
  39,344 31,424
  ═════════ ═════════
       
7. Taxation 2025 2024
  £ £
 
Debtors:
PAYE / NI - 10
  ═════════ ═════════
Creditors:
VAT 3,911 2,492
Corporation tax 6,792 5,279
PAYE / NI 329 -
  ───────── ─────────
  11,032 7,771
  ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2025.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.