Company No: 11909241 (England and Wales)

Contents

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

DIRECTORS	MR Mark Seymour Hollis
	William Edward Hollis
	Mark Seymour Hollis
	William Edward Seymour Hollis

REGISTERED OFFICE	Camburgh House
	27 New Dover Road
	Canterbury
	CT1 3DN
	United Kingdom

COMPANY NUMBER

11909241 (England and Wales)

CHARTERED ACCOUNTANTS	Burgess Hodgson LLP
	Camburgh House
	27 New Dover Road
	Canterbury
	CT1 3DN

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	4	373		283
		373		283
Current assets
Debtors	5	176		206
Cash at bank and in hand	6	77		27
		253		233
Creditors: amounts falling due within one year	7	( 56,002)		( 51,526)
Net current liabilities		(55,749)		(51,293)
Total assets less current liabilities		(55,376)		(51,010)
Provision for liabilities		( 70)		( 54)
Net liabilities		( 55,446)		( 51,064)
Capital and reserves
Called-up share capital	8	5,000		5,000
Profit and loss account		( 60,446 )		( 56,064 )
Total shareholders' deficit		( 55,446)		( 51,064)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Parva Portio Limited (registered number: 11909241) were approved and authorised for issue by the Board of Directors on 31 October 2023. They were signed on its behalf by:

MR Mark Seymour Hollis 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

Parva Portio 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 Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, United Kingdom.

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 £.

Taxation

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:

Plant and machinery etc.

25 % reducing balance

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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2022	674		674
Additions	199		199
At 31 March 2023	873		873
Accumulated depreciation
At 01 April 2022	391		391
Charge for the financial year	109		109
Rounding	0		0
At 31 March 2023	500		500
Net book value
At 31 March 2023	373		373
At 31 March 2022	283		283

5. Debtors

	2023		2022
	£		£
Other debtors	176		206

6. Cash and cash equivalents

	2023		2022
	£		£
Cash at bank and in hand	77		27

7. Creditors: amounts falling due within one year

	2023		2022
	£		£
Trade creditors	896		513
Other creditors	55,106		51,013
	56,002		51,526

8. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
5,000 ordinary shares of £ 1.00 each (2022: nil shares)	5,000		0
nil Ordinary shares (2022: 5,000 shares of £ 1.00 each)	0		5,000
	5,000		5,000

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2023		2022
	£		£
At the balance sheet date the Company owed the Directors	53,361		49,269