REGISTERED NUMBER: 12302626 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARR CONSTRUCTION LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Parr

Mrs A Parr

REGISTERED OFFICE:

The Withens

6 Stone Row

Marple

Stockport

SK6 7DQ

REGISTERED NUMBER:

12302626 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

FIXED ASSETS

Tangible assets

4

208,190

140,370

CURRENT ASSETS

Debtors

90,958

153,662

Cash at bank

256,003

211,685

346,961

365,347

CREDITORS

Amounts falling due within one year

292,880

291,899

NET CURRENT ASSETS

54,081

73,448

TOTAL ASSETS LESS CURRENT LIABILITIES

262,271

213,818

CREDITORS

Amounts falling due after more than one year

(217,261

)

(158,978

)

PROVISIONS FOR LIABILITIES

(29,188

)

(35,093

)

NET ASSETS

15,822

19,747

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

15,722

19,647

SHAREHOLDERS' FUNDS

15,822

19,747

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

W Parr - Director

1.	STATUTORY INFORMATION

Parr Construction Ltd 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.

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.

Turnover

The company generates turnover from the provision of property construction services for domestic and commercial customers. 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

211,037

Additions

115,575

At 31 December 2024

326,612

DEPRECIATION

At 1 January 2024

70,667

Charge for year

47,755

At 31 December 2024

118,422

NET BOOK VALUE

At 31 December 2024

208,190

At 31 December 2023

140,370

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

28,736

37,228

Between one and five years

178,167

112,670

206,903

149,898

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

8,332

8,332

Between one and five years

6,249

14,581

14,581

22,913

6.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Parr Investments Group Ltd. The registered office of the parent company is the same as Parr Construction Ltd which can be found on the company information page.