Parsons Plastics Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01511768 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Parsons Plastics Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

A C C Parsons

REGISTERED OFFICE:

Parsons House

Leamore Lane

Walsall

West Midlands

WS2 7EB

REGISTERED NUMBER:

01511768 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Intangible assets

4

102,000

Investment property

5

2,212,000

2,314,000

CURRENT ASSETS

Debtors

6

436,573

-

Cash at bank

31

2,065

436,604

2,065

CREDITORS

Amounts falling due within one year

7

(891,724

)

(433,824

)

NET CURRENT LIABILITIES

(455,120

)

(431,759

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,858,880

1,882,241

PROVISIONS FOR LIABILITIES

8

(397,564

)

(397,154

)

NET ASSETS

1,461,316

1,485,087

CAPITAL AND RESERVES

Called up share capital

9

400,000

Retained earnings

1,061,316

1,085,087

SHAREHOLDERS' FUNDS

1,461,316

1,485,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2026 and were signed by:

A C C Parsons - Director

1.	STATUTORY INFORMATION

Parsons Plastics Holdings 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents and licences

Depreciated over the length of their estimated useful life.

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 Profit and Loss Account, 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.

Going concern

The Directors have considered going concern in preparing these financial statements through review of the Company's financial position. It has been considered that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting has been adopted and no material uncertainties have been identified.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

and 30 June 2025

102,000

NET BOOK VALUE

At 30 June 2025

102,000

At 30 June 2024

102,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

2,212,000

NET BOOK VALUE

At 30 June 2025

2,212,000

At 30 June 2024

2,212,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2019

286,679

Valuation in 2023

1,312,000

Cost

613,321

2,212,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

688,031

Aggregate depreciation

(74,710

)

(74,710

)

Investment property was valued on an open market basis on 5 April 2023 by Centric Commercial .

The director believes there has been no material change to this valuation since that date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

436,573

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

43,899

40,634

Other creditors

847,825

393,190

891,724

433,824

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

397,564

397,154

Deferred

tax

£

Balance at 1 July 2024

397,154

Charge to Profit and Loss Account during year

410

Balance at 30 June 2025

397,564

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

400,000

Ordinary

£1

400,000

10.	RELATED PARTY DISCLOSURES

Parsons Plastics Limited

A company of which Mr ACC Parsons is a shareholder, having a 100% interest.

Management charges £37,500 (2024 - £nil)

The amount due to Parsons Plastics Limited is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director of Parsons Plastics Limited has given his assurance that the amount payable will not be demanded until such time as Parsons Plastics Holdings Limited can afford to do so without detriment to its operating and working capital requirements.

2025

2024

£

Amount due to the related party at the balance sheet date

701,394

311,863

Parsons Clean Air Limited

A company in which Mr ACC Parsons is a shareholder, having a 100% interest.

Rents received £80,000 (2024 - £80,000)

Management charges £37,500 (2024 - £nil)

The amount due from/(to) Parsons Clean Air Limited is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director of Parsons Plastics Holdings Limited has given his assurance that the amount payable will not be demanded until such time as Parsons Clean Air Limited can afford to do so without detriment to its operating and working capital requirements.

2025

2024

£

Amount due from/(to) the related party at the balance sheet date

436,573

(10,796

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parsons Plastics Holdings Limited for the year ended 30 June 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Parsons Plastics Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parsons Plastics Holdings Limited and state those matters that we have agreed to state to the director of Parsons Plastics Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parsons Plastics Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Parsons Plastics Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parsons Plastics Holdings Limited. You consider that Parsons Plastics Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parsons Plastics Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

27 July 2026