Parsec Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI033715

Parsec Developments Limited

Filleted Unaudited Financial Statements

31 March 2025

Parsec Developments Limited

Statement of Financial Position

31 March 2025

	2025	2024
	£	£
Fixed assets	2,991,512	3,209,141
	------------	------------

Current assets	7,400	6,522
Prepayments and accrued income	1,660	1,424
	-------	-------
	9,060	7,946

Creditors: amounts falling due within one year	874,846	895,337
	------------	------------
Net current liabilities	( 865,786)	( 887,391)
	------------	------------
Total assets less current liabilities	2,125,726	2,321,750

Creditors: amounts falling due after more than one year	911,188	1,117,329

Accruals and deferred income	50,123	66,388
	------------	------------
	1,164,415	1,138,033
	------------	------------

Capital and reserves	1,164,415	1,138,033
	------------	------------

Notes to the financial statements

1. Directors' advances, credits and guarantees

There were no advances, credits or guarantees given by the company on behalf of it's directors for the financial year ended 31 March 2025 (Nil 2024).

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Mr A J Long

Director

Company registration number: NI033715

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 112 Strand Road, Londonderry, BT48 7NR, United Kingdom.