Company No:
Contents
| DIRECTORS | J W Parrott |
| M E O Parrott |
| SECRETARY | C L Fairlamb |
| REGISTERED OFFICE | 22 Chancery Lane |
| London | |
| WC2A 1LS | |
| United Kingdom |
| COMPANY NUMBER | 00978910 (England and Wales) |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
|
|
|
| Investments | 4 |
|
|
|
| 1,163,697 | 1,117,510 | |||
| Current assets | ||||
| Debtors | 5 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 190,672 | 579,624 | |||
| Creditors: amounts falling due within one year | 6 | (
|
(
|
|
| Net current assets | 163,486 | 274,050 | ||
| Total assets less current liabilities | 1,327,183 | 1,391,560 | ||
| Provision for liabilities |
|
(
|
||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital |
|
|
||
| Capital redemption reserve |
|
|
||
| Profit and loss account |
|
|
||
| Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of Jasper Parrott Limited (registered number:
|
M E O Parrott
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Jasper Parrott Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Fixtures and fittings | |
| Computer equipment |
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in subsidiary undertakings are recognised at cost less any provision for impairment.
Derivative financial instruments
The Company uses forward foreign currency contracts to reduce exposure to foreign exchange risk . These contracts are initially recognised at fair value at the date that they are entered into. These are subsequently remeasured to their fair value at each reporting date being the gain or loss that would arise from closing out the contract at the reporting date by entering into an equal and opposite contract at that date. The resulting gain or loss is recognised in the Profit and Loss Account immediately.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year |
|
|
| Fixtures and fittings | Computer equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 January 2024 |
|
|
|
||
| Additions |
|
|
|
||
| At 31 December 2024 |
|
|
|
||
| Accumulated depreciation | |||||
| At 01 January 2024 |
|
|
|
||
| Charge for the financial year |
|
|
|
||
| At 31 December 2024 |
|
|
|
||
| Net book value | |||||
| At 31 December 2024 |
|
|
|
||
| At 31 December 2023 |
|
|
|
| Listed investments | Other investments | Total | |||
| £ | £ | £ | |||
| Cost or valuation before impairment | |||||
| At 01 January 2024 |
|
|
|
||
| Additions |
|
|
|
||
| Disposals | (
|
(
|
(
|
||
| Movement in fair value | (
|
|
(
|
||
| At 31 December 2024 |
|
|
|
||
| Carrying value at 31 December 2024 |
|
|
|
||
| Carrying value at 31 December 2023 |
|
|
|
Other investments comprise forward foreign currency contracts.
| 2024 | 2023 | ||
| £ | £ | ||
| Other debtors |
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Taxation and social security |
|
|
|
| Other creditors |
|
|
|
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| At January 2024 | 5,916 | 5,791 | |
| Advances to director | 0 | 0 | |
| Interest applied | 256 | 125 | |
| Repayments by director | 0 | 0 | |
| At 31 December 2024 | 6,172 | 5,916 |
The above loan is unsecured, interest bearing, and repayable on demand.