Company registration number: 13868194
Unaudited financial statements
for the year ended 31 January 2025
for
Parsons Properties (Sherborne) Ltd
Pages for filing with the Registrar
Parsons Properties (Sherborne) Ltd
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parsons Properties (Sherborne) Ltd for the year ended 31 January 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Parsons Properties (Sherborne) 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 Parsons Properties (Sherborne) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parsons Properties (Sherborne) Ltd and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Parsons Properties (Sherborne) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Parsons Properties (Sherborne) Ltd. You consider that Parsons Properties (Sherborne) 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 accounts of Parsons Properties (Sherborne) 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.
Date: 29 October 2025
1
Company registration number: 13868194
Parsons Properties (Sherborne) Ltd
Balance sheet
as at 31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 442,324 39,356
442,324 39,356
Current assets
Stocks 273,919 610,730
Debtors 25,092 10,198
Cash at bank and in hand 447,976 648,647
746,987 1,269,575
Creditors: amounts falling due within one
year 		(23,376) (144,208)
Net current assets 723,611 1,125,367
Total assets less current liabilities 1,165,935 1,164,723
Creditors: Amounts falling due after more
than one year 		(636,330) (715,944)
Provisions for liabilities (9,839) (9,839)
NET ASSETS 519,766 438,940
Capital and reserves
Called up share capital 100 100
Profit and loss account 519,666 438,840
TOTAL EQUITY 519,766 438,940
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 13868194
Parsons Properties (Sherborne) Ltd
Balance sheet - continued
as at 31 January 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 October 2025 and signed on its behalf by:
Mr O Baker, Director Mrs A Baker, Director
29 October 2025 29 October 2025
3
Parsons Properties (Sherborne) Ltd
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Parsons Properties (Sherborne) Ltd is a private company registered in England and Wales. Its registered number is 13868194. The company is limited by shares. Its registered office is 39a Cheap Street, Sherborne, DT9 3PU.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property -
Plant and machinery etc.:
Plant and machinery - 33.33% straight line
Motor vehicles - 25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
4
Parsons Properties (Sherborne) Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was (2024 - ).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 February 2024 - 48,962 48,962
Additions 414,237 94 414,331
At 31 January 2025 414,237 49,056 463,293
Depreciation
At 1 February 2024 - 9,606 9,606
Charge for year - 11,363 11,363
At 31 January 2025 - 20,969 20,969
5
Parsons Properties (Sherborne) Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
4 Tangible fixed assets - continued
Net book value
At 31 January 2025 414,237 28,087 442,324
At 31 January 2024 - 39,356 39,356
6