REGISTERED NUMBER: 05460404 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Parron Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Carvajal

C C Elkington

Ms L R Padilla

REGISTERED OFFICE:

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

REGISTERED NUMBER:

05460404 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Intangible assets

4

-

7,625

Tangible assets

5

43,213

54,356

43,213

61,981

CURRENT ASSETS

Stocks

7,800

8,472

Debtors

6

23,449

21,482

Cash at bank and in hand

16,348

31,239

47,597

61,193

CREDITORS

Amounts falling due within one year

7

77,687

77,654

NET CURRENT LIABILITIES

(30,090

)

(16,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,123

45,520

CREDITORS

Amounts falling due after more than one year

8

(1,919

)

(12,214

)

PROVISIONS FOR LIABILITIES

(10,803

)

(13,589

)

NET ASSETS

401

19,717

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

301

19,617

SHAREHOLDERS' FUNDS

401

19,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

C Carvajal - Director

1.	STATUTORY INFORMATION

Parron 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.

The financial statements are presented in pounds sterling and rounded to the nearest £. The company's functional currency is also pounds sterling.

Going concern

Current liabilities exceed current assets, however, after reviewing the entities forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed. Where amounts are received in advance the recognition is deferred until such a time that the above conditions have been met.

Other income

Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Tips income is recognised when received and government grants are recognised on an accruals basis in accordance with the substance of the relevant agreement.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of eighteen years.

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

Computer equipment

-

25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable/payable in one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include deposits held at call with banks.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.

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.

Pension costs and other post-retirement benefits

The company contributes to the pension schemes of personnel and the pension charge represents the amounts payable by the company to the funds in respect of the year.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation , and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking in to account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

122,000

AMORTISATION

At 1 April 2024

114,375

Charge for year

7,625

At 31 March 2025

122,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

7,625

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

134,361

Additions

3,004

At 31 March 2025

137,365

DEPRECIATION

At 1 April 2024

80,005

Charge for year

14,147

At 31 March 2025

94,152

NET BOOK VALUE

At 31 March 2025

43,213

At 31 March 2024

54,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

23,449

21,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,298

10,204

Trade creditors

24,103

23,228

Taxation and social security

29,205

35,666

Other creditors

14,081

8,556

77,687

77,654

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,919

12,214

9.	LEASING AGREEMENTS

As at 31 March 2025, the company had total commitments under operating leases over the remaining life of those leases of £379,582 (2024: £422,050). The respective minimum lease commitments taking in to account break clauses were £39,582 (2024: £82,050).

10.	RELATED PARTY DISCLOSURES