REGISTERED NUMBER: 12596148 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Parzival Partners Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T A Bennett

Mr O J Tyler

Mr M J Tyler

REGISTERED OFFICE:

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

REGISTERED NUMBER:

12596148 (England and Wales)

ACCOUNTANTS:

Somerset Accountancy Services Ltd

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

FIXED ASSETS

Tangible assets

4

1,909

4,841

CURRENT ASSETS

Debtors

222,099

45,061

Cash at bank

33,518

2,380

255,617

47,441

CREDITORS

Amounts falling due within one year

160,928

50,971

NET CURRENT ASSETS/(LIABILITIES)

94,689

(3,530

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,598

1,311

CREDITORS

Amounts falling due after more than one year

(25,521

)

(119

)

PROVISIONS FOR LIABILITIES

(477

)

(920

)

NET ASSETS

70,600

272

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

70,597

269

SHAREHOLDERS' FUNDS

70,600

272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 August 2026 and were signed on its behalf by:

Mr M J Tyler - Director

Mr O J Tyler - Director

Mr T A Bennett - Director

1.	STATUTORY INFORMATION

Parzival Partners Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

10,795

DEPRECIATION

At 1 April 2025

5,954

Charge for year

2,932

At 31 March 2026

8,886

NET BOOK VALUE

At 31 March 2026

1,909

At 31 March 2025

4,841

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr M J Tyler

Balance outstanding at start of year

-

11,581

Amounts advanced

31,941

45,269

Amounts repaid

-

(56,850

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,941

-

Mr O J Tyler

Balance outstanding at start of year

4,964

13,000

Amounts advanced

46,370

46,479

Amounts repaid

-

(54,515

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

51,334

4,964

Mr T A Bennett

Balance outstanding at start of year

-

12,660

Amounts advanced

-

39,405

Amounts repaid

-

(52,065

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-