Registered number
09028344
Parsons Project UK Ltd
Filleted Accounts
30 November 2024
Parsons Project UK Ltd
Registered number: 09028344
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 36,342 44,134
Cash at bank and in hand 84 129
36,426 44,263
Creditors: amounts falling due within one year 5 (5,823) (10,250)
Net current assets 30,603 34,013
Total assets less current liabilities 30,603 34,013
Creditors: amounts falling due after more than one year 6 (35,201) (37,029)
Net liabilities (4,598) (3,016)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,698) (3,116)
Shareholders' funds (4,598) (3,016)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Peter Field
Director
Approved by the board on 11 August 2025
Parsons Project UK Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 20,000
At 30 November 2024 20,000
Amortisation
At 1 December 2023 20,000
At 30 November 2024 20,000
Net book value
At 30 November 2024 -
Goodwill has been fully amortised and the net book value at 30 November 2024 is £nil
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings 36,342 44,134
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,523 10,000
Other creditors 300 250
5,823 10,250
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,201 37,029
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 6,107 13,268
8 Related party transactions
At the reporting date, the company was owed £36,342 (2023: £44,134) by its immediate parent undertaking, Gym Factory Truro Ltd. The amount is unsecured, interest-free, and repayable on demand.
9 Controlling party
The company’s immediate parent company is Gym Factory Truro Ltd.
The ultimate parent undertaking and controlling party is Buckfield Holdings Ltd.
10 Other information
Parsons Project UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
SHMS House
20 Little Park Farm Road
Fareham
Hampshire
PO15 5TD
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