P.D. PARKINSON & SON PROPERTIES LTD

P.D. PARKINSON & SON PROPERTIES LTD

P.D. PARKINSON & SON PROPERTIES LTD - Company Information

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Company Registration No. 04635638 (England and Wales)
P.D. PARKINSON & SON PROPERTIES LTD Unaudited accounts for the year ended 31 March 2020
P.D. PARKINSON & SON PROPERTIES LTD Unaudited accounts Contents
Page
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P.D. PARKINSON & SON PROPERTIES LTD Company Information for the year ended 31 March 2020
Directors
Julie Ann PARKINSON Philip Douglas PARKINSON
Secretary
Julie Ann PARKINSON
Company Number
04635638 (England and Wales)
Registered Office
133 NEW BRIDGE STREET NEWCASTLE UPON TYNE TYNE AND WEAR NE1 2SW ENGLAND
Accountants
React Accountancy Limited 5th Floor St James House, Pendleton Way Salford, Manchester M6 5FW
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P.D. PARKINSON & SON PROPERTIES LTD Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
106,868 
107,187 
Current assets
Debtors
5
26,306 
20,611 
Cash at bank and in hand
9 
3 
26,315 
20,614 
Creditors: amounts falling due within one year
6
(37,483)
(31,809)
Net current liabilities
(11,168)
(11,195)
Total assets less current liabilities
95,700 
95,992 
Creditors: amounts falling due after more than one year
7
(123,368)
(123,369)
Net liabilities
(27,668)
(27,377)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
31,471 
31,471 
Profit and loss account
(59,141)
(58,850)
Shareholders' funds
(27,668)
(27,377)
For the year ending 31 March 2020 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2021 and were signed on its behalf by
Philip Douglas PARKINSON Director Company Registration No. 04635638
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P.D. PARKINSON & SON PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
P.D. PARKINSON & SON PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 04635638. The registered office is 133 NEW BRIDGE STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE1 2SW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2018. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Group undertakings:
As at 31 March 2020, total amount of £34,645 are due to the following group undertakings: 1) An amount of £31,385 (£25,748:2019) is due to Windermere Consultants 2000 Limited. 2) An amount of £3,260 (£3,260:2019) is due to Philip Parkinson Homecare Limited. As at 31 March 2020, total amount of £2,918 are due from the following group undertakings: 1) An amount of £2,918 (£2,385:2019) is due from Canterall Ltd.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on reducing balance
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P.D. PARKINSON & SON PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2020
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
104,000 
25,135 
129,135 
At 31 March 2020
104,000 
25,135 
129,135 
Depreciation
At 1 April 2019
- 
21,948 
21,948 
Charge for the year
- 
319 
319 
At 31 March 2020
- 
22,267 
22,267 
Net book value
At 31 March 2020
104,000 
2,868 
106,868 
At 31 March 2019
104,000 
3,187 
107,187 
5
Debtors
2020 
2019 
£ 
£ 
Less than one year
Amounts due from group undertakings etc.
2,918 
2,385 
Other debtors
23,388 
18,226 
Total debtors less than one year
26,306 
20,611 
Total debtors
26,306 
20,611 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
2,838 
2,717 
Amounts owed to group undertakings and other participating interests
34,645 
29,008 
Taxes and social security
- 
84 
37,483 
31,809 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
85,048 
85,048 
Other creditors
38,320 
38,321 
123,368 
123,369 
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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