Parlison Properties Limited - Accounts to registrar (filleted) - small 18.2
Parlison Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2020 |
| for |
| Parlison Properties Limited |
| Parlison Properties Limited (Registered number: 02848598) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Parlison Properties Limited |
| Company Information |
| for the Year Ended 31 December 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 47 Kensington Road |
| Chichester |
| West Sussex |
| PO19 7XS |
| Parlison Properties Limited (Registered number: 02848598) |
| Balance Sheet |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Parlison Properties Limited (Registered number: 02848598) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Parlison Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover comprises revenue recognised by the company in respect of property management and consultancy services supplied during the year, exclusive of Value Added Tax and trade discounts. |
| Tangible fixed assets |
| 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. |
| Pensions |
| The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Parlison Properties Limited (Registered number: 02848598) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2020 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 10,000 | 10,000 |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the company was invoiced £62,500 (2019 £1,383,909) by Arland Property Limited and £9,000 (2019 £1,384,950) by Aitchison Developments Limited. Of these amounts £6,250 (2019 £6,250) including VAT and nil (2019 £3,750) including VAT, respectively, was unpaid at the year end. |
| The company recharged expenses to Arland Property Limited and Aitchison Developments Limited amounting to £65,710 (2019 £102,078) and £66,905 (2019 £99,119) respectively of which £27,554 (2019 £23,753) including VAT and £27,938 (2019 £26,685) including VAT was unpaid at the year end. |
| Other creditors includes amounts in respect of recharges to be repaid to Arland Property Limited and Aitchison Developments Limited of £97,158 (2019 £78,668) each. |
| Arland Property Limited is controlled by A J McParland. Aitchison Developments Limited is controlled by J D Aitchison. |
| At the year end the company was owed £240,758 (2019 £202,676) by Slinfold Developments Limited, a company under common control. |
| At the year end the company owed Helvellyn Properties Limited, a company controlled by J D Aitchison, £10,657 (2019 £10,657). |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the four directors who each own 25% of the issued share capital. |