Parthian Ventures Limited - Accounts to registrar (filleted) - small 18.2
Parthian Ventures Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Parthian Ventures Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2022 |
| Parthian Ventures Limited (Registered number: 03739388) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Parthian Ventures Limited |
| Company Information |
| for the Year Ended 30 April 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| Old Hall House |
| Church Lane |
| Mavesyn Ridware |
| Rugeley |
| Staffordshire |
| WS15 3QD |
| Parthian Ventures Limited (Registered number: 03739388) |
| Balance Sheet |
| 30 April 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| 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. |
| Parthian Ventures Limited (Registered number: 03739388) |
| Balance Sheet - continued |
| 30 April 2022 |
| 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 |
| Parthian Ventures Limited (Registered number: 03739388) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2022 |
| 1. | STATUTORY INFORMATION |
| Parthian Ventures Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Parthian Ventures Limited (Registered number: 03739388) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 May 2021 |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| At 30 April 2022 |
| DEPRECIATION |
| At 1 May 2021 |
| and 30 April 2022 |
| NET BOOK VALUE |
| At 30 April 2022 |
| At 30 April 2021 |
| Cost or valuation at 30 April 2022 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2003 | 76,525 | - | 76,525 |
| Valuation in 2007 | 178,289 | - | 178,289 |
| Valuation in 2010 | (35,000 | ) | - | (35,000 | ) |
| Valuation in 2013 | (5,000 | ) | - | (5,000 | ) |
| Valuation in 2017 | 181,009 | - | 181,009 |
| Valuation in 2020 | 125,000 | - | 125,000 |
| Valuation in 2022 | 169,986 | - | 169,986 |
| Cost | 1,004,191 | 16,303 | 1,020,494 |
| 1,695,000 | 16,303 | 1,711,303 |
| If land and buildings had not been revalued they would have been included at the following historical cost: |
| 2022 | 2021 |
| £ | £ |
| Cost | 1,004,191 | 1,129,177 |
| Value of land in freehold land and buildings | 1,004,191 | 1,129,177 |
| Land and buildings were valued on an open market basis on 29 November 2021 by Shepherd Commercial, Solihull . |
| Parthian Ventures Limited (Registered number: 03739388) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Payments on account |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2022 | 2021 |
| £ | £ |
| Deferred tax on revaluations | 52,218 | 17,527 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2021 |
| Land & buildings revaluation | 34,691 |
| Balance at 30 April 2022 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 May 2021 |
| Additions in year | 208,452 |
| Disposals in year | (73,157 | ) |
| At 30 April 2022 |