Parkside Warehousing & Transport Company Limited Accounts






Parkside Warehousing & Transport Company Limited

	Company No. 00977967
		Information for Filing with The Registrar
		30 November 2025

The Directors present their report and the accounts for the year ended 30 November 2025.

Principal activities
The principal activity of the company during the year under review was shipping agents, warehousing, haulage and property rental.




Directors

The Directors who served at any time during the year were as follows:

E.M. Felgate
S.J. Jay
C.L. Palfrey







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C.L. Palfrey
Director
20 August 2026

at	30 November 2025
Company No.		00977967	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	2,179,258	1,891,175
	Investment property		5	3,450,000	3,410,000

				5,629,258	5,301,175
Current assets
	Stocks		6	53,809	44,484
	Debtors		7	470,367	506,693

	Cash at bank and in hand			643,552	673,509
				1,167,728	1,224,686
Creditors: Amount falling due within one year			8	(474,033)	(502,021)
Net current assets				693,695	722,665
Total assets less current liabilities				6,322,953	6,023,840
Creditors: Amounts falling due after more than one year			9	(35,484)	(58,484)
Provisions for liabilities
	Deferred taxation			(87,476)	(79,593)

Net assets				6,199,993	5,885,763

Capital and reserves
	Called up share capital			29,729	29,729
	Share premium account		11	917	917
	Revaluation reserve		11	1,441,143	1,084,143
	Capital redemption reserve		11	52,919	29,919
	Profit and loss account		11	4,675,285	4,741,055

Total equity				6,199,993	5,885,763



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 August 2026 and signed on its behalf by:
C.L. Palfrey
Director
20 August 2026

for the year ended 30 November 2025

General information

Parkside Warehousing & Transport Company Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 00977967

Its registered office is:

Parkside House

Ground Floor Offices

Tomo Industrial Estate

Stowmarket

IP14 5AY

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Rental and warehousing revenues are recognised on an accruals basis and included in other operating
income.

Shipping and haulage revenues are recognised at the point when the provision of goods and services has been completed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

2% Straight line

Plant and machinery

20 - 25% Straight line

Motor vehicles

25% Straight line

Furniture, fittings and equipment

20% Straight line

Individual freehold properties are carried at fair value determined annually by external valuers less any subsequent accumulated depreciation and subsequent impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the year end date.

Fair values are determined from market based evidence and undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in within Other Comprehensive Income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits. In which case, the excess losses are recognised in the Statement of Comprehensive Income.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	21	23

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 December 2024	1,839,999	432,114	35,750	160,200	2,468,063

		Revaluation	320,000	-	-	-	320,000


		At 30 November 2025	2,159,999	432,114	35,750	160,200	2,788,063
		Depreciation
		At 1 December 2024	5,697	404,108	33,782	133,301	576,888
		Charge for the year	43,200	11,376	1,688	12,653	68,917
		Revaluation	(37,000)	-	-	-	(37,000)


		At 30 November 2025	11,897	415,484	35,470	145,954	608,805
		Net book values
		At 30 November 2025	2,148,102	16,630	280	14,246	2,179,258
		At 30 November 2024	1,834,302	28,006	1,968	26,899	1,891,175

		Freehold land and buildings
					2025		2024
					£		£
		Historical cost			1,614,668		1,614,668
		Cumulative depreciation based upon historical cost			(524,087)		(487,287)
					1,090,581		1,127,381

		During March 2026, Clarke & Simpson Chartered Surveyors independently valued certain freehold property at 30 November 2025. Individual properties are revalued with reference to fair value using market based evidence. There is an inevitable degree of judgement involved in that each property is unique and value can ultimately be reliably tested in the market itself. At 30 November 2025, certain freehold land was valued by the directors at £310,000. The directors believe this value is a fair representation of current market value at the year end. Revaluation gains and losses are recognised through the revaluation reserve, and reported as other comprehensive income. If losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, the excess losses are recognised in the Statement of Comprehensive Income.

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 December 2024	3,410,000

		Revaluation	40,000

		At 30 November 2025	3,450,000


		During March 2026, Clarke & Simpson Chartered Surveyors, independently valued the company's property as at 30 November 2025. Investment properties are valued using a yield methodology. This uses market rental values capitalised at a market capitalisation rate but there is an inevitable degree of judgement involved in that each property is unique and value can ultimately be reliably tested in the market itself. No depreciation is provided in respect of investment properties. Any surplus on revaluation is recognised in the profit and loss account during the year, with a corresponding gain or loss being recognised in deferred tax.

6	Stocks
			2025	2024
			£	£


		Finished goods	53,809	44,484
			53,809	44,484

7	Debtors
			2025	2024
			£	£
		Trade debtors	366,676	372,878





		Other debtors	24,112	30,483
		Prepayments and accrued income	79,579	103,332
			470,367	506,693

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	-	4,169


		Trade creditors	355,089	378,986

		Taxes and social security	57,913	66,681

		Other creditors	45,392	38,899
		Accruals and deferred income	15,639	13,286
			474,033	502,021

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£






		Other creditors	35,484	58,484

			35,484	58,484

		Liabilities repayable in more than five years after the balance sheet date

		Amount repayable otherwise than by instalments	35,484	58,484
			35,484	58,484

		At the start of the year, the company had 58,484 6.5% cumulative preference shares of £1 each. During the year, the company redeemed 23,000 of these shares at par value in accordance with the rights attached to the shares. Following this redemption, 35,484 preference shares remain in issue at the year end. The company retains the right to redeem at par all or any of the remaining preference shares. Each holder of the preference shares also has the right to require the company to redeem their shares at par, together with any arrears or accruals of the preferential dividend, on giving three months’ prior notice.

Share Capital

Shares classified as equity:

Allotted, called up & fully paid
12,060 (2023 - 12,060) A Ordinary Shares of £1 each
2,655 (2023 - 2,655) B Ordinary Shares of £1 each
1,089 (2023 - 1,089) C Ordinary Shares of £1 each
2,385 (2023 - 2,385) D Ordinary Shares of £1 each
9,540 (2023 - 9,540) E Ordinary Shares of £1 each
2,000 (2023 - 2,000) S Ordinary Shares of £1 each

TOTAL £29,729 of Ordinary Share capital

Shares classified as debt:
Allotted, called up and partly paid
35,484 (2023 - 58,484) 6.5% cumulative Preference shares of £1 each

The rights attached to the "A", "B", "C", "D", "E" and "S" shares are the right to vote at meetings of the company, the right to participate in profits of the company, the right to repayment of paid up capital and any residue in a winding-up or other capital repayment.

The rights attached to the 6.5% cumulative £1 preference shares are the right to a fixed dividend of 6.5% per annum and the right to repayment of paid up capital, in preference to the ordinary "A", "B", "C", "D", "C", "E", and "S" shares, in a winding-up or other capital repayment.

The company has the right to redeem at par all or any of the preference shares and each shareholder of the preference shares has the right to call on the company to redeem on the company to redeem at par all or any of the preference shares together with all arrears or accruals of the preferential dividend upon three months prior notice.

11	Reserves
			Revaluation Reserve	Capital redemption reserve	Total other reserves
			£	£	£
		At 1 December 2023	1,007,343	29,919	1,037,262
		Movement on revaluation reserve	76,800		76,800


		At 30 November 2024 and 1 December 2024	1,084,143	29,919	1,114,062
		Movement on revaluation reserve	357,000		357,000

		Transfers		23,000	23,000
		At 30 November 2025	1,441,143	52,919	1,494,062

		Revaluation reserve - reflects the revaluation of property other than investment properties.
		Capital redemption reserve - records the nominal value of shares repurchased by the company.
		Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
		Profit and loss account - includes all current and prior period retained profits and losses.

Contingent Assets/Liabilities

The bank have given a guarantee on behalf of the company to the value of £96,000 (2024 - £96,000) to HM Revenue and Customs.

13	Guarantees and commitments
			2025	2024
			£	£
		Total of guarantees and commitments	273,581	240,628





		At 30 November 2025 the company had future minimum lease payments under non-cancellable operating leases.