Company Registration No. 04635638 (England and Wales)
P.D. PARKINSON & SON PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2021
P.D. PARKINSON & SON PROPERTIES LTD
Unaudited accounts
Contents
P.D. PARKINSON & SON PROPERTIES LTD
Statement of financial position
as at 31 March 2021
Tangible assets
106,581
106,868
Cash at bank and in hand
89
9
Creditors: amounts falling due within one year
(42,694)
(37,483)
Net current liabilities
(22,384)
(11,168)
Total assets less current liabilities
84,197
95,700
Creditors: amounts falling due after more than one year
(125,868)
(123,368)
Net liabilities
(41,671)
(27,668)
Called up share capital
2
2
Revaluation reserve
31,471
31,471
Profit and loss account
(73,144)
(59,141)
Shareholders' funds
(41,671)
(27,668)
For the year ending 31 March 2021 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 2 September 2021 and were signed on its behalf by
Philip Douglas PARKINSON
Director
Company Registration No. 04635638
P.D. PARKINSON & SON PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2021
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2020
104,000
25,135
129,135
At 31 March 2021
104,000
25,135
129,135
At 1 April 2020
-
22,267
22,267
Charge for the year
-
287
287
At 31 March 2021
-
22,554
22,554
At 31 March 2021
104,000
2,581
106,581
At 31 March 2020
104,000
2,868
106,868
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
3,361
2,918
Other debtors
16,860
23,388
P.D. PARKINSON & SON PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
42,694
34,645
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
38,320
38,323
8
Transactions with related parties
Group undertakings:
As at 31 March 2021, total amount of £42,694 (£34,645:2020) are due to the following group undertakings:
1) An amount of £32,242 (£31,385:2020) is due to Windermere Consultants 2000 Limited.
2) An amount of £10,452 (£3,260:2020) is due to Philip Parkinson Homecare Limited.
As at 31 March 2021, total amount of £3,361 (£2,918:2020) are due from the following group undertakings:
1) An amount of £3,361 (£2,918:2020) is due from Canterall Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
