Parker Housing Ltd. 31/12/2024 iXBRL

Company registration number: SC221460

Parker Housing Ltd.

Unaudited filleted financial statements

31 December 2024

Parker Housing Ltd.

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Parker Housing Ltd.

Directors and other information


	Director	James Parker


	Company number	SC221460


	Registered office	Caledonian House
		Links Road
		Leven
		Fife
		KY8 4HS


	Accountants	Paterson Boyd & Co
		Chartered Certified Accountants
		8 Mitchell Street
		Leven
		Fife
		KY8 4HJ




	Bankers	Bank of Scotland
		PO Box 10
		Kirkcaldy
		Fife
		KY1 3PA

Parker Housing Ltd.

Report to the director on the preparation of the

unaudited statutory financial statements of Parker Housing Ltd.

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parker Housing Ltd. for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Parker Housing Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Parker Housing Ltd. and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parker Housing Ltd. and its director as a body for our work or for this report.

It is your duty to ensure that Parker Housing Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parker Housing Ltd.. You consider that Parker Housing Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parker Housing Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Paterson Boyd & Co

Chartered Certified Accountants

8 Mitchell Street

Leven

Fife

KY8 4HJ

26 September 2025

Parker Housing Ltd.

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2,190,000		2,190,000
Investments	6	79,628		79,628
		_______		_______
			2,269,628		2,269,628

Current assets
Debtors	7	929,943		706,842
Cash at bank and in hand		25,541		53,436
		_______		_______
		955,484		760,278
Creditors: amounts falling due
within one year	8	( 293,296)		( 305,628)
		_______		_______
Net current assets			662,188		454,650
			_______		_______
Total assets less current liabilities			2,931,816		2,724,278

Creditors: amounts falling due
after more than one year	9		( 1,189,160)		( 1,204,692)

Provisions for liabilities			( 110,732)		-

			_______		_______
Net assets			1,631,924		1,519,586
			_______		_______

Capital and reserves
Called up share capital	10		2		2
Revaluation reserve			541,604		518,535
Profit and loss account			1,090,318		1,001,049
			_______		_______
Shareholder funds			1,631,924		1,519,586
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

James Parker

Director

Company registration number: SC221460

Parker Housing Ltd.

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 January 2023	2	518,535	777,948	1,296,485

Profit for the year			277,101	277,101
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	277,101	277,101

Dividends paid and payable			( 54,000)	( 54,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 54,000)	( 54,000)

	_______	_______	_______	_______
At 31 December 2023 and 1 January 2024	2	518,535	1,001,049	1,519,586

Profit for the year			143,269	143,269
Other comprehensive income for the year:
Revaluation of tangible assets		23,069		23,069
	_______	_______	_______	_______
Total comprehensive income for the year	-	23,069	143,269	166,338

Dividends paid and payable			( 54,000)	( 54,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 54,000)	( 54,000)

	_______	_______	_______	_______
At 31 December 2024	2	541,604	1,090,318	1,631,924
	_______	_______	_______	_______

Parker Housing Ltd.

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Caledonian House, Links Road, Leven, Fife, KY8 4HS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied falling within the company's ordinary activities.

Taxation

The taxation expense represents the amount of current tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15.00 %	reducing balance
Fittings fixtures and equipment	-	15.00 %	reducing balance
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	2,190,000	287	10,600	2,200,887
Disposals	( 23,069)	-	-	( 23,069)
Revaluation	23,069	-	-	23,069
	_______	_______	_______	_______
At 31 December 2024	2,190,000	287	10,600	2,200,887
	_______	_______	_______	_______
Depreciation
At 1 January 2024 and 31 December 2024	-	287	10,600	10,887
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	2,190,000	-	-	2,190,000
	_______	_______	_______	_______
At 31 December 2023	2,190,000	-	-	2,190,000
	_______	_______	_______	_______

Investment property

The fair value of investment properties was assessed by Shepherd Chartered Surveyors, who considered the the local property market when arriving at the fair value.

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	79,628	79,628
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	79,628	79,628
	_______	_______
At 31 December 2023	79,628	79,628
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	2,924	7,385
Amounts owed by group undertakings and undertakings in which the company has a participating interest	-	698,149
Other debtors	927,019	1,308
	_______	_______
	929,943	706,842
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	104,116	104,116
Trade creditors	6,500	-
Corporation tax	34,000	23,866
Other creditors	148,680	177,646
	_______	_______
	293,296	305,628
	_______	_______

Included in other creditors is an amount of £42,723 (2023: £72,723) due to the director from the company.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,189,160	1,204,692
	_______	_______

Included within creditors: amounts falling due after more than one year is an amount of £ 34,500 (2023 £ 34,500 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The Bank of Scotland holds standard securities over the property of the company.

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	2	2	2	2
	_______	_______	_______	_______

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Balance owed by/(owed to)
	2024	2023
	£	£
Fife Properties Ltd	152,000	125,000
Tigger & Timmy Ltd	(99,983)	(99,983)
Elaine Parker t/a Parker Housing	5,000	-
Jess & Jinx Ltd	766,469	573,149
Buddy & Buster Ltd	-	-
	_______	_______

During the year the company received £83,598 (2023: £94,000) in rent and recharges and £152,000 (2023: £190,000) in dividends from Fife Properties Ltd, a company that Parker Housing Ltd. is the majority shareholder in. During the year the company received income totalling £31,500 (2023: £31,500) from Elaine Parker, wife of Jim Parker, t/a Parker Housing.There is a personal guarantee to the value of £15,000 from Elaine Parker.