IRIS Accounts Production v25.4.12.37 12471245 Board of Directors Board of Directors 1.10.24 30.9.25 30.9.25 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12471245 2024-09-30 12471245 2025-09-30 12471245 2024-10-01 2025-09-30 12471245 2023-09-30 12471245 2023-10-01 2024-09-30 12471245 2024-09-30 12471245 ns15:EnglandWales 2024-10-01 2025-09-30 12471245 ns14:PoundSterling 2024-10-01 2025-09-30 12471245 ns10:Director1 2024-10-01 2025-09-30 12471245 ns10:Director2 2024-10-01 2025-09-30 12471245 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12471245 ns10:SmallEntities 2024-10-01 2025-09-30 12471245 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 12471245 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 12471245 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12471245 ns10:FullAccounts 2024-10-01 2025-09-30 12471245 ns10:OrdinaryShareClass2 2024-10-01 2025-09-30 12471245 ns10:OrdinaryShareClass3 2024-10-01 2025-09-30 12471245 ns10:OrdinaryShareClass4 2024-10-01 2025-09-30 12471245 ns10:OrdinaryShareClass5 2024-10-01 2025-09-30 12471245 ns10:RegisteredOffice 2024-10-01 2025-09-30 12471245 ns5:CurrentFinancialInstruments 2025-09-30 12471245 ns5:CurrentFinancialInstruments 2024-09-30 12471245 ns5:Non-currentFinancialInstruments 2025-09-30 12471245 ns5:Non-currentFinancialInstruments 2024-09-30 12471245 ns5:ShareCapital 2025-09-30 12471245 ns5:ShareCapital 2024-09-30 12471245 ns5:RevaluationReserve 2025-09-30 12471245 ns5:RevaluationReserve 2024-09-30 12471245 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 12471245 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 12471245 ns5:FurnitureFittings 2024-10-01 2025-09-30 12471245 ns5:FurnitureFittings 2024-09-30 12471245 ns5:FurnitureFittings 2025-09-30 12471245 ns5:FurnitureFittings 2024-09-30 12471245 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 12471245 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 12471245 ns10:OrdinaryShareClass2 2025-09-30 12471245 ns10:OrdinaryShareClass3 2025-09-30 12471245 ns10:OrdinaryShareClass4 2025-09-30 12471245 ns10:OrdinaryShareClass5 2025-09-30 12471245 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 12471245 ns5:RevaluationReserve 2024-09-30 12471245 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30

REGISTERED NUMBER: 12471245 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |

| FOR |

| PARSONS LETTINGS AND DEVELOPMENTS |

| LIMITED |

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| DIRECTORS: | S J Parsons

| Mrs D Parsons

| REGISTERED OFFICE: | Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

| REGISTERED NUMBER: | 12471245 (England and Wales)

| ACCOUNTANTS: | Compass Accountants Limited

| Chartered Accountants

| Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

BALANCE SHEET

30TH SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 96 |  | 128 |  |

Investment property | 5 | 325,000 |  | 650,000 |  |

325,096 |  | 650,128 |  |

CURRENT ASSETS

Debtors | 6 | 191 |  | 144 |  |

Cash at bank | 124,359 |  | 514 |  |

124,550 |  | 658 |  |

CREDITORS

Amounts falling due within one year | 7 | 326,555 |  | 318,611 |  |

NET CURRENT LIABILITIES | (202,005 | ) | (317,953 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 123,091 |  | 332,175 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (164,100 | ) |

PROVISIONS FOR LIABILITIES | (22,288 | ) | (39,297 | ) |

NET ASSETS | 100,803 |  | 128,778 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 70 |  | 70 |  |

Revaluation reserve | 10 | 54,047 |  | 143,523 |  |

Retained earnings | 10 | 46,686 |  | (14,815 | ) |

SHAREHOLDERS' FUNDS | 100,803 |  | 128,778 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

BALANCE SHEET - continued

30TH SEPTEMBER 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th February 2026 and were signed on its behalf by:

Mrs D Parsons - Director

S J Parsons - Director

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Parsons Lettings and Developments 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| 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 cost

| Investment property

| Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

| All properties are held for their investment potential and are not depreciated. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one amongst many factors reflected in the valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

| Revaluation reserve

| Surpluses and deficits, to the extent that any deficit is regarded as temporary, arising from the valuations of properties are taken direct to the revaluation reserve. Where a permanent diminution in the value of an individual property is identified, the deficit is eliminated first against any revaluation reserve in respect of that property with any excess being charged to the profit and loss account. Valuation surpluses or deficits realised on sale are transferred from the revaluation reserve to the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

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

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| and

| fittings

£ |

| COST

| At 1st October 2024

| and 30th September 2025 | 160 |  |

| DEPRECIATION

| At 1st October 2024 | 32 |  |

| Charge for year | 32 |  |

| At 30th September 2025 | 64 |  |

| NET BOOK VALUE

| At 30th September 2025 | 96 |  |

| At 30th September 2024 | 128 |  |

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st October 2024 | 650,000 |  |

| Disposals | (325,000 | ) |

| At 30th September 2025 | 325,000 |  |

| NET BOOK VALUE

| At 30th September 2025 | 325,000 |  |

| At 30th September 2024 | 650,000 |  |

| Fair value at 30th September 2025 is represented by:

£ |

| Valuation in 2023 | 25,000 |  |

| Valuation in 2024 | 50,000 |  |

| Cost | 250,000 |  |

325,000 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 443,344 |  | 443,344 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 191 |  | 144 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 6,642 |  |

| Taxation and social security | 4,613 |  | - |  |

| Other creditors | 321,942 |  | 311,969 |  |

326,555 |  | 318,611 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 164,100 |  |

PARSONS LETTINGS AND DEVELOPMENTS

LIMITED (REGISTERED NUMBER: 12471245)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10 | Ordinary A | £1 | 10 |  | 10 |  |

| 10 | Ordinary B | £1 | 10 |  | 10 |  |

| 10 | Ordinary C | £1 | 10 |  | 10 |  |

| 10 | Ordinary D | £1 | 10 |  | 10 |  |

| 10 | Ordinary E | £1 | 10 |  | 10 |  |

| 10 | Ordinary F | £1 | 10 |  | 10 |  |

60 |  | 60 |  |

| Allotted and issued:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10 | Share capital 8 | £1 | 10 |  | 10 |  |

10. | RESERVES

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1st October 2024 | (14,815 | ) | 143,523 |  | 128,708 |  |

| Profit for the year | 61,501 |  | 61,501 |  |

| Revaluation reserve | - |  | (89,476 | ) | (89,476 | ) |

| At 30th September 2025 | 46,686 |  | 54,047 |  | 100,733 |  |