IRIS Accounts Production v25.1.4.42 00825271 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008252712024-02-29008252712025-02-28008252712024-03-012025-02-28008252712023-02-28008252712023-03-012024-02-29008252712024-02-2900825271ns15:EnglandWales2024-03-012025-02-2800825271ns14:PoundSterling2024-03-012025-02-2800825271ns10:Director12024-03-012025-02-2800825271ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2800825271ns10:SmallEntities2024-03-012025-02-2800825271ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2800825271ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2800825271ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2800825271ns10:FullAccounts2024-03-012025-02-2800825271ns10:OrdinaryShareClass12024-03-012025-02-2800825271ns10:Director22024-03-012025-02-2800825271ns10:Director32024-03-012025-02-2800825271ns10:Director42024-03-012025-02-2800825271ns10:RegisteredOffice2024-03-012025-02-2800825271ns5:CurrentFinancialInstruments2025-02-2800825271ns5:CurrentFinancialInstruments2024-02-2900825271ns5:ShareCapital2025-02-2800825271ns5:ShareCapital2024-02-2900825271ns5:FurtherSpecificReserve1ComponentTotalEquity2025-02-2800825271ns5:FurtherSpecificReserve1ComponentTotalEquity2024-02-2900825271ns5:RetainedEarningsAccumulatedLosses2025-02-2800825271ns5:RetainedEarningsAccumulatedLosses2024-02-2900825271ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2800825271ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2900825271ns5:WithinOneYear2025-02-2800825271ns5:WithinOneYear2024-02-2900825271ns5:BetweenOneFiveYears2025-02-2800825271ns5:BetweenOneFiveYears2024-02-2900825271ns5:AllPeriods2025-02-2800825271ns5:AllPeriods2024-02-2900825271ns10:OrdinaryShareClass12025-02-28
REGISTERED NUMBER: 00825271 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PARSHOTT COMPANY LIMITED

PARSHOTT COMPANY LIMITED (REGISTERED NUMBER: 00825271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARSHOTT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Miss L A Cooper
Mrs L F Cooper
Mrs F J Engel
Mrs L D Lyons





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 00825271 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Horsham) Limited
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

PARSHOTT COMPANY LIMITED (REGISTERED NUMBER: 00825271)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,740,000 5,740,000

CURRENT ASSETS
Debtors 5 51,855 86,935
Cash at bank 447,029 514,332
498,884 601,267
CREDITORS
Amounts falling due within one year 6 629,980 633,066
NET CURRENT LIABILITIES (131,096 ) (31,799 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,608,904 5,708,201

PROVISIONS FOR LIABILITIES 254,000 254,000
NET ASSETS 5,354,904 5,454,201

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Other reserves 3,054,700 3,054,700
Retained earnings 2,295,204 2,394,501
SHAREHOLDERS' FUNDS 5,354,904 5,454,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 26 June 2025 and were signed on its behalf by:





Mrs F J Engel - Director


PARSHOTT COMPANY LIMITED (REGISTERED NUMBER: 00825271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Parshott Company Limited is a private company, limited by shares, registered in England and Wales. The share capital has been paid up. The company's registered number and registered office address can be found on the Company Information Page.

The principle place of business is:
Strand House
15 Strand Way
Felpham
Bognor Regis
West Sussex
PO22 7LL

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 represents rents receivable during the year from property letting, net of value added tax.

Investment property
Investments property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 5,740,000
NET BOOK VALUE
At 28 February 2025 5,740,000
At 29 February 2024 5,740,000

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2000 1,308,700
Valuation in 2002 240,000
Valuation in 2004 (341,250 )
Valuation in 2006 125,000
Valuation in 2007 (27,611 )
Valuation in 2008 1,411,250
Valuation in 2010 (662,000 )
Valuation in 2013 (1,330,700 )
Valuation in 2019 2,682,700
Cost 2,333,911
5,740,000

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

2025 2024
£    £   
Cost 2,431,300 2,431,300

Investment property was valued on an open market basis on 4 June 2025 by the directors .

PARSHOTT COMPANY LIMITED (REGISTERED NUMBER: 00825271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 44,649 78,476
Other debtors - 1,093
Prepayments 7,206 7,366
51,855 86,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,075 1,231
Tax 100,367 105,082
Social security and other taxes 34,195 27,013
Other creditors 67,919 66,181
Directors' current accounts 341,697 321,331
Accruals and deferred income 84,727 112,228
629,980 633,066

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 50,355 25,000
Between one and five years 83,355 75,000
133,710 100,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
5,000 Ordinary £1 5,000 5,000