REGISTERED NUMBER: 12760894 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOLLY PARSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr N Parson

G Parson

REGISTERED OFFICE:

1 Ventry Close

Salisbury

Wiltshire

SP1 3ES

REGISTERED NUMBER:

12760894 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

40 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

103,509

6,451

Investment property

5

1,251,139

956,415

1,354,648

962,866

CURRENT ASSETS

Debtors

6

10,795

10,538

Cash at bank and in hand

17,470

36,367

28,265

46,905

CREDITORS

Amounts falling due within one year

7

1,556,701

1,042,236

NET CURRENT LIABILITIES

(1,528,436

)

(995,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(173,788

)

(32,465

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

(121,415

)

-

Retained earnings

(52,473

)

(32,565

)

SHAREHOLDERS' FUNDS

(173,788

)

(32,465

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Dr N Parson - Director

1.	STATUTORY INFORMATION

Jolly Parson 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.

The financial statements are prepared on a going concern basis as the directors intend to continue to support the company for the foreseeable future.

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

-

20% 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.

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.

Other operating income

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

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such an indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

15,463

Additions

119,659

At 31 March 2025

135,122

DEPRECIATION

At 1 April 2024

9,012

Charge for year

22,601

At 31 March 2025

31,613

NET BOOK VALUE

At 31 March 2025

103,509

At 31 March 2024

6,451

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

956,415

Additions

416,139

Impairments

(121,415

)

At 31 March 2025

1,251,139

NET BOOK VALUE

At 31 March 2025

1,251,139

At 31 March 2024

956,415

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

10,795

-

Prepayments and accrued income

-

10,538

10,795

10,538

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1

-

Other creditors

1,555,000

1,040,000

Directors' current accounts

-

536

Accruals and deferred income

1,700

1,700

1,556,701

1,042,236

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

(121,415

)

At 31 March 2025

(121,415

)

10.	DIRECTORS' 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

-

-

Amounts advanced

10,795

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,795

-

Interest is charged on the advances at the official rate.