REGISTERED NUMBER: 03194178 (England and Wales)

Parthian Books Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Dr R R L Davies

Prof N Griffiths

Mr R K Pawar

Ms C A Davies

Dr D A Lloyd Owen

Dr C N Holmes

Ms G Griffiths

Registered office:

The Old Surgery

Napier Street

ABERTEIFI

SA43 1ED

Registered number:

03194178 (England and Wales)

Accountants:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Bankers:

National Westminster Bank Plc

4 High Street

Cardigan

SA42 1HF

Fixed assets

Tangible assets

4

63

212

Current assets

Stocks

5

23,378

20,540

Debtors

6

13,004

12,744

Cash at bank

1,777

9,277

38,159

42,561

Creditors

Amounts falling due within one year

7

(36,610

)

(16,616

)

Net current assets

1,549

25,945

Total assets less current liabilities

1,612

26,157

Creditors

Amounts falling due after more than one year

8

(3,372

)

(9,967

)

Net (liabilities)/assets

(1,760

)

16,190

Reserves

Income and expenditure account

9

(1,760

)

16,190

(1,760

)

16,190

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 surplus or deficit 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Ms G Griffiths - Director

1.	Statutory information

Parthian Books Ltd is a private company, limited by guarantee , 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 have been prepared on a going concern basis. The Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the books sold and grants received in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

20% on cost

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with bank, other short term liquid investments with original maturities of three months or less.

Debtors and creditors

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

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 5 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 April 2024

and 31 March 2025

4,751

Depreciation

At 1 April 2024

4,539

Charge for year

149

At 31 March 2025

4,688

Net book value

At 31 March 2025

63

At 31 March 2024

212

5.

Stocks

2025

2024

£

£

Stocks

23,378

20,540

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

10,912

11,420

VAT

2,092

1,324

13,004

12,744

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

6,000

6,000

Trade creditors

7,947

9,052

Other creditors

-

289

Directors' loan accounts

2,500

-

Accrued expenses

1,313

1,275

Deferred Income

18,850

-

36,610

16,616

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

3,372

6,000

Bank loans - 2-5 years

-

3,967

3,372

9,967

9.

Reserves

Income

and

expenditure

account

£

At 1 April 2024

16,190

Deficit for the year

(17,950

)

At 31 March 2025

(1,760

)

10.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.