Company No: 11528620 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Benjamin Stowe

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

11528620 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	1,077,094		1,077,094
		1,077,094		1,077,094
Current assets
Debtors	4	3,554		1,364
Cash at bank and in hand		22,509		31,123
		26,063		32,487
Creditors: amounts falling due within one year	5	( 1,026,064)		( 1,067,126)
Net current liabilities		(1,000,001)		(1,034,639)
Total assets less current liabilities		77,093		42,455
Net assets		77,093		42,455
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		76,993		42,355
Total shareholder's funds		77,093		42,455

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Parsley Property Group Limited (registered number: 11528620) were approved and authorised for issue by the Director on 27 May 2026. They were signed on its behalf by:

Benjamin Stowe Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Parsley Property Group Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. This expectation is on the understanding that the loan provided to the company by a close member of the sole directors family, will not call in the loan. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	1		1

3. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	1,077,094
As at 31 August 2025	1,077,094

The investment property was acquired by the company in 2022 for £1,077,094 and the director considers that no material difference in the fair value has occurred since that time.

4. Debtors

	2025		2024
	£		£
Other debtors	3,554		1,364

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,168		4,878
Taxation and social security	8,070		8,457
Other creditors	1,014,826		1,053,791
	1,026,064		1,067,126

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
25 A ordinary shares of £ 1.00 each	25		25
25 B ordinary shares of £ 1.00 each	25		25
25 C ordinary shares of £ 1.00 each	25		25
25 D ordinary shares of £ 1.00 each	25		25
	100		100

7. Related party transactions

During the year, the loan of £422,101 (2024 - £422,101) with Myrtle Fine Properties LLP was transferred to GCS Properties (Leeds) Limited, an entity which Benjamin Stowe is also a director of. At the balance sheet date, the amounts owed to GCS Properties (Leeds) Limited were £422,101 (2024 - £nil).

Also included in other creditors is a balance of £574,954 (2024 - £617,514) due to the former and current directors of the company.

The loans are interest free and repayable on demand.