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REGISTERED NUMBER: 00476200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

L. J. Parris and Sons Limited

L. J. Parris and Sons Limited (Registered number: 00476200)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


L. J. Parris and Sons Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K J Parris





SECRETARY: Mrs M L W Parris





REGISTERED OFFICE: The Old Vicarage
Pelham Road
Clavering
Essex
CB11 4PQ





REGISTERED NUMBER: 00476200 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

L. J. Parris and Sons Limited (Registered number: 00476200)

Abridged Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 86,642
Investments 5 100 100
Investment property 6 1,188,399 -
1,188,499 86,742

CURRENT ASSETS
Debtors 1,204 1,966
Cash at bank 375,089 453,362
376,293 455,328
CREDITORS
Amounts falling due within one year 700,805 227,548
NET CURRENT (LIABILITIES)/ASSETS (324,512 ) 227,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,987

314,522

PROVISIONS FOR LIABILITIES 7 123,265 5,000
NET ASSETS 740,722 309,522

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 9 730,722 299,522
SHAREHOLDERS' FUNDS 740,722 309,522

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 director acknowledges his 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.

L. J. Parris and Sons Limited (Registered number: 00476200)

Abridged Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:





K J Parris - Director


L. J. Parris and Sons Limited (Registered number: 00476200)

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

1. STATUTORY INFORMATION

L. J. Parris and 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.

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


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - between 2% and 7%
Plant and machinery - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 2 ) .

L. J. Parris and Sons Limited (Registered number: 00476200)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 368,947
Disposals (120,478 )
At 31 December 2024 248,469
DEPRECIATION
At 1 January 2024 282,305
Eliminated on disposal (33,836 )
At 31 December 2024 248,469
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 86,642

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 661,502
Revaluations 526,897
At 31 December 2024 1,188,399
NET BOOK VALUE
At 31 December 2024 1,188,399

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 526,897
Cost 661,502
1,188,399

L. J. Parris and Sons Limited (Registered number: 00476200)

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

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances - 5,000
Property revaluation 123,265 -
123,265 5,000

Deferred
tax
£   
Balance at 1 January 2024 5,000
Provided during year 123,265
Accelerated capital allowances (5,000 )
Balance at 31 December 2024 123,265

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. RESERVES
Retained
earnings
£   

At 1 January 2024 299,522
Profit for the year 431,200
At 31 December 2024 730,722

L. J. Parris and Sons Limited (Registered number: 00476200)

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

10. RELATED PARTY DISCLOSURES

The following amount was due to the director at the end of the year:
K J Parris £291,929 (2023 - £93,993).

The following amount was due to the wife of the director, Mrs M L W Parris, at the end of the year:
£285,190 (2023 - £25,354).

During the year Margaret Whiteford Associates Limited, a company in which the wife of K J Parris is a director and has material interest, invoiced the company £10,478 (2023 - £21,120) in respect of clerical services and support. The director considers the charge to be at arms length and on commercial terms. The amount owing at the end of the year was £Nil (2023 - £1,880).

During the prior year the company acquired 100% of the share capital of Paris Hall Farm Limited, a company of which K J Parris and M L W Parris are also directors. The shares were acquired in exchange for various freehold properties of the company. The shares were later transferred to the ultimate holding company by way of a dividend in specie, at cost. The shares were later demerged from the newly formed group and are now owned by a company under the control of the directors.

Paris Hall Farms Limited charged the company £29,699 (2023 - £36,806) in rent during the year. Similarly L. J. Parris and Sons Limited charged Paris Hall Farm Limited the sum of £Nil (2023 - £1,632) in recharged costs. The amounts due to Paris Hall Farms Limited at the year end was £91,190 (2023 - £35,174).

During the year the director and his wife transferred freehold property from themselves to the company at a cost of £600,000. The transaction took place at market value.

11. ULTIMATE CONTROLLING PARTY

The controlling party is K J Parris.

The ultimate controlling party is KJ Parris due to his shareholding in the ultimate holding company, Parris Partners Limited, a company incorporated in the UK.

12. TREATMENT OF FREEHOLD PROPERTY

During the year, based upon the change in activities of the company, freehold property which was once part of the trading activities is now treated as investment property. The freehold property had a net book value of £23,103 at the time of transfer and has since been revalued. Details are shown in the notes to the accounts.