REGISTERED NUMBER: 06179573 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2025

FOR

KIRK PAROLLES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Harrison

REGISTERED OFFICE:

38 Cressida Road

London

N19 3JW

REGISTERED NUMBER:

06179573 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

12,957

15,086

Investments

6

-

51

Investment property

7

458,700

436,700

471,657

451,837

CURRENT ASSETS

Debtors

8

2,963

-

Cash and cash equivalents

8

2,090

2,971

2,090

CREDITORS

Amounts falling due within one year

9

(61,145

)

(31,675

)

NET CURRENT LIABILITIES

(58,174

)

(29,585

)

TOTAL ASSETS LESS CURRENT LIABILITIES

413,483

422,252

CREDITORS

Amounts falling due after more than one year

10

(150,000

)

(150,000

)

PROVISIONS FOR LIABILITIES

11

(14,010

)

(8,510

)

NET ASSETS

249,473

263,742

CAPITAL AND RESERVES

Called up share capital

12

1

1

Fair value reserve

13

42,029

25,529

Retained earnings

207,443

238,212

SHAREHOLDERS' FUNDS

249,473

263,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 21 August 2026 and were signed by:

T Harrison - Director

1.	STATUTORY INFORMATION

Kirk Parolles 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Kirk Parolles Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents sale of publications and publication rights, excluding value added tax.

Tangible fixed assets

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

Motor Vehicle - 25% reducing balance

Computer Equipment - 25% reducing balance

Investment property

Investment property is included at fair value. Fair value gains and losses are recognised in the profit and loss account. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Revenue recognition

Revenue is recognised by reference to signed contracts in determining the schedule of rights to income. Non-refundable advances are recognised on signing of contracts.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 30 November 2024

and 29 November 2025

7,300

41,790

6,067

55,157

DEPRECIATION

At 30 November 2024

406

34,352

5,313

40,071

Charge for year

81

1,860

188

2,129

At 29 November 2025

487

36,212

5,501

42,200

NET BOOK VALUE

At 29 November 2025

6,813

5,578

566

12,957

At 29 November 2024

6,894

7,438

754

15,086

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 November 2024

51

Disposals

(51

)

At 29 November 2025

-

NET BOOK VALUE

At 29 November 2025

-

At 29 November 2024

51

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 November 2024

436,700

Revaluations

22,000

At 29 November 2025

458,700

NET BOOK VALUE

At 29 November 2025

458,700

At 29 November 2024

436,700

Fair value at 29 November 2025 is represented by:

£

Valuation in 2024

34,039

Valuation in 2025

22,000

Cost

402,661

458,700

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

2025

2024

as restated

£

£

Cost

402,661

402,661

The Investment property was valued on an open market basis on 29 November 2025 by the director .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Other debtors

2,963

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Taxation and social security

-

6,993

Other creditors

61,145

24,682

61,145

31,675

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Other creditors

150,000

150,000

11.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

14,010

8,510

Deferred

tax

£

Balance at 30 November 2024

8,510

Provided during year

5,500

Balance at 29 November 2025

14,010

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

1

Ordinary

£1

1

1

13.

RESERVES

Fair

value

reserve

£

At 30 November 2024

25,529

Property revaluation

16,500

At 29 November 2025

42,029

14.	RELATED PARTY DISCLOSURES

At the balance sheet date, an amount of £36,705 (2024: £94) was owed to the director. This balance is included within creditors falling due within one year. The loan is interest-free and repayable on demand.

The company also owes the director a long-term loan of £150,000 (2024: £150,000), which is included within creditors falling due after more than one year. The loan is unsecured and repayable only after the director has provided the company with a minimum of 12 months' notice. The director elected not to charge interest on the loan during the current year (2024: £7,850 accrued).

15.	SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Valuation basis for investment property

The company holds an investment property which is carried at fair value in accordance with FRS 102 Section 16. Management has exercised judgement in determining that the fair value model is the most appropriate basis for measuring the property, having regard to the purpose for which it is held and the relevance of fair value information to users of the financial statements.

Determination of fair value in the absence of an external valuation

The investment property has been revalued at the year end by the director. Significant judgement is involved in assessing the fair value where no independent professional valuation has been obtained. Judgement is applied in analysing comparable market data, recent transactions for similar properties, rental yields, occupancy assumptions and expected future cash flows.

Key Sources of Estimation Uncertainty

Fair value of investment property

The valuation of investment property is subject to estimation uncertainty and is based on assumptions concerning market conditions and property-specific factors. Changes in these assumptions could result in a material adjustment to the carrying amount of the property in future periods.