REGISTERED NUMBER: 09483410 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PARSON ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr N Parson

REGISTERED OFFICE:

1 Ventry Close

Salisbury

Wiltshire

SP1 3ES

REGISTERED NUMBER:

09483410 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

35,805

39,815

Investment property

5

412,000

482,318

447,805

522,133

CURRENT ASSETS

Debtors

6

1,005,639

794,063

Cash at bank

46,499

88,881

1,052,138

882,944

CREDITORS

Amounts falling due within one year

7

68,646

76,198

NET CURRENT ASSETS

983,492

806,746

TOTAL ASSETS LESS CURRENT LIABILITIES

1,431,297

1,328,879

PROVISIONS FOR LIABILITIES

9,000

10,000

NET ASSETS

1,422,297

1,318,879

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

(70,318

)

-

Retained earnings

1,492,515

1,318,779

SHAREHOLDERS' FUNDS

1,422,297

1,318,879

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

Dr N Parson - Director

1.	STATUTORY INFORMATION

Parson Associates Limited 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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors/creditors less than 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other operating income

Other operating income represents rent received from the letting of properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

13,457

68,250

5,799

87,506

Additions

-

-

1,399

1,399

At 31 March 2025

13,457

68,250

7,198

88,905

DEPRECIATION

At 1 April 2024

3,378

42,510

1,803

47,691

Charge for year

1,008

3,861

540

5,409

At 31 March 2025

4,386

46,371

2,343

53,100

NET BOOK VALUE

At 31 March 2025

9,071

21,879

4,855

35,805

At 31 March 2024

10,079

25,740

3,996

39,815

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

482,318

Revaluations

(70,318

)

At 31 March 2025

412,000

NET BOOK VALUE

At 31 March 2025

412,000

At 31 March 2024

482,318

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(70,318

)

Cost

482,318

412,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

980,644

770,376

Tax

20,606

20,606

Prepayments and accrued income

4,389

3,081

1,005,639

794,063

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

61,236

56,292

Other creditors

844

16,360

Directors' current accounts

1,566

1,046

Accruals and deferred income

5,000

2,500

68,646

76,198

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

value

reserve

£

Transfer

(70,318

)

At 31 March 2025

(70,318

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr N Parson

Balance outstanding at start of year

-

28,069

Amounts repaid

-

(28,069

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-