Registration number: 4876928

Parsonage Investments Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Financial Statements	3 to 6

Parsonage Investments Limited

(Registration number: 4876928)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,108,697	1,108,697
Current assets
Debtors	5	49,398	19,745
Cash at bank and in hand		25,206	33,656
		74,604	53,401
Creditors: Amounts falling due within one year	6	(49,838)	(33,033)
Net current assets		24,766	20,368
Net assets		1,133,463	1,129,065
Capital and reserves
Called up share capital		1,500	1,500
Fair value reserve		242,168	242,168
Retained earnings		889,795	885,397
Shareholders' funds		1,133,463	1,129,065

Parsonage Investments Limited

(Registration number: 4876928)
Statement of Financial Position as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... S D Cook Company secretary and director

Parsonage Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:

One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the Board on 27 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for rent in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Parsonage Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Investment property

The investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with Financial Reporting Standard 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substnace of the contractual arrangement, as finance assets, finance liabilities or equity instruments. an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Parsonage Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	1,108,697	1,108,697
At 31 March 2025	1,108,697	1,108,697
Depreciation
Carrying amount
At 31 March 2025	1,108,697	1,108,697
At 31 March 2024	1,108,697	1,108,697

Included within the net book value of land and buildings above is £1,108,697 (2024 - £1,108,697) in respect of freehold land and buildings.

The values of the properties were reviewed on 30 April 2018 by S D Cook, M.R.I.C.S, who is a director of the company. The basis of valuation was on open market basis.

In the year ended March 2018 it was concluded that an adjustment to the carrying values of £212,573 was required. This class of assets has a current value of £1,108,697 (2024 - £1,108,697) and a carrying amount at historical cost of £866,530 due to additions this year of £Nil (2024 - £Nil). The depreciation on this historical cost is £Nil (2024 - £Nil).

 

5

Debtors

Current	2025 £	2024 £
Trade debtors	15,271	11,548
Prepayments	34,127	8,197
	49,398	19,745

Parsonage Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	2,995	612
Taxation and social security	10,892	20,729
Accruals and deferred income	15,951	11,692
Other creditors	20,000	-
	49,838	33,033