Company No: 06792128 (England and Wales)

Contents

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

DIRECTOR

Mr C J Shairp

REGISTERED OFFICE	C/O Azets Carnac Place
	Cams Hall Estate
	Fareham
	PO16 8UY
	United Kingdom

BUSINESS ADDRESS

Fine & Country, 141 Havant Road, Drayton, Portsmouth, Hampshire, PO6 2AA

COMPANY NUMBER

06792128 (England and Wales)

ACCOUNTANT	Azets
	Carnac Place, Cams Hall Estate
	Fareham
	Portsmouth
	Hampshire
	PO16 8UY

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	370		774
Investments	4	1		1
		371		775
Current assets
Debtors	5	123,415		127,764
Cash at bank and in hand		503		38
		123,918		127,802
Creditors: amounts falling due within one year	6	( 439,376)		( 461,607)
Net current liabilities		(315,458)		(333,805)
Total assets less current liabilities		(315,087)		(333,030)
Creditors: amounts falling due after more than one year	7	0		( 1,942)
Net liabilities		( 315,087)		( 334,972)
Capital and reserves
Called-up share capital	9	1		1
Profit and loss account		( 315,088 )		( 334,973 )
Total shareholder's deficit		( 315,087)		( 334,972)

For the financial year ending 31 January 2026 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 Parish Properties Limited (registered number: 06792128) were approved and authorised for issue by the Director on 30 October 2026. They were signed on its behalf by:

Mr C J Shairp 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

Parish Properties 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 C/O Azets Carnac Place, Cams Hall Estate, Fareham, PO16 8UY, United Kingdom. The principal place of business is Fine & Country, 141 Havant Road, Drayton, Portsmouth, Hampshire, PO6 2AA.

The financial statements have been prepared under the historical cost convention, modified to include 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

Business has suffered in the last few years due to the cost of living crisis, and the increases in interest rates, in the UK. The company has net liabilities but has repaid some of their outstanding creditors in the period, resulting in a decrease of net liabilities in the year.

The director has confirmed that he will continue to provide financial support to the company for the foreseeable future as required.

On this basis, in the opinion of the director, the going concern basis is considered appropriate.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT.

Turnover in relation to commission on sales is recognised on unconditional exchange of contracts.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 is 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery etc.	25 % reducing balance
	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	5		5

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 February 2025	16,552		24,975		41,527
Disposals	0		( 18,619)		( 18,619)
At 31 January 2026	16,552		6,356		22,908
Accumulated depreciation
At 01 February 2025	16,552		24,201		40,753
Charge for the financial year	0		297		297
Disposals	0		( 18,512)		( 18,512)
At 31 January 2026	16,552		5,986		22,538
Net book value
At 31 January 2026	0		370		370
At 31 January 2025	0		774		774

4. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	1
At 31 January 2026	1
Carrying value at 31 January 2026	1
Carrying value at 31 January 2025	1

5. Debtors

	2026		2025
	£		£
Trade debtors	420		6,488
Deferred tax asset	84,555		93,678
Other debtors	38,440		27,598
	123,415		127,764

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	25,164		27,557
Trade creditors	34,495		53,489
Other taxation and social security	162,142		164,626
Other creditors	217,575		215,935
	439,376		461,607

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		1,942

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	93,678		99,562
Charged to the Profit and Loss Account	( 9,123)		( 5,884)
At the end of financial year	84,555		93,678

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

10. Financial commitments

Commitments

	2026		2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	51,458		20,987

11. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2026		2025
	£		£
Due to companies under common control	174,547		135,849

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.