Registration number: 07147678
## Parrabbola
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2021
Batchelor & Company Charlton House 32 High Street Cullompton Devon EX15 1AE
## **Parrabbola**
## **Contents**
**----- Start of picture text -----**
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6
The following pages do not form part of the statutory financial statements:
Detailed Profit and Loss Account 7 to 8
**----- End of picture text -----**
## **Parrabbola**
## **Company Information**
**Directors** Leon Berger Marie Costa David Monteith Alistair Park **Company secretary** Mark Lintern Harris **Registered office** Charlton House 32 High Street Cullompton Devon EX15 1AE **Accountants** Batchelor & Company Charlton House 32 High Street Cullompton Devon EX15 1AE
Page 1
## **Parrabbola**
## **Directors' Report for the Year Ended 30 June 2021**
The directors present their report and the unaudited financial statements for the year ended 30 June 2021.
## **Directors of the company**
The directors who held office during the year were as follows:
Leon Berger Marie Costa David Monteith Alistair Park
## **Small company provisions**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on 21 March 2022 and signed on its behalf by:
......................................... Leon Berger Director
Page 2
## **Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of**
## **Parrabbola**
## **for the Year Ended 30 June 2021**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Parrabbola for the year ended 30 June 2021 set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Parrabbola has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Parrabbola. You consider that Parrabbola is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Parrabbola. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Batchelor & Company Charlton House 32 High Street Cullompton Devon EX15 1AE 21 March 2022
Page 3
## **Parrabbola**
## **Profit and Loss Account for the Year Ended 30 June 2021**
|**Note**
Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit/(loss)
2
Other interest receivable and similar income
Profit/(loss) on ordinary activities before taxation
Profit/(loss) for the financial year
5|**2021**
**£**
50,958
(3,206)
47,752
(41,953)
5,799
-
5,799
5,799|**2020**
**£**
19,294
(52)|
|---|---|---|
|||19,242
(25,243)|
|||(6,001)
3|
|||(5,998)|
|||(5,998)|
The notes on page 6 form an integral part of these financial statements. Page 4
## **Parrabbola**
## **(Registration number: 07147678)**
## **Balance Sheet at 30 June 2021**
|**Note**
**Current assets**
Cash at bank and in hand
Creditors: Amounts falling due within one year
3
Net liabilities
**Capital and reserves**
Other reserves
5
Profit and loss account
5
Shareholders' deficit|**2021**
**£**
9,849
(17,171)
(7,322)
104
(7,426)
(7,322)|**2020**
**£**
3,579
(16,700)|
|---|---|---|
|||(13,121)|
|||104
(13,225)|
|||(13,121)|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
For the year ending 30 June 2021 the company was entitled to exemption 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.
Approved and authorised for issue by the Board on 21 March 2022 and signed on its behalf by:
......................................... Leon Berger Director
The notes on page 6 form an integral part of these financial statements. Page 5
**Notes to the Financial Statements for the Year Ended 30 June 2021**
## **Parrabbola**
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
## **Turnover**
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.
## **Hire purchase and leasing**
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
## **2 Operating profit/(loss)**
Operating profit/(loss) is stated after charging:
|**2021**|**2020**|
|---|---|
|**£**|**£**|
## **3 Creditors: Amounts falling due within one year**
|Trade creditors
Other creditors|**2021**
**£**
1,221
15,950
17,171|**2020**
**£**
-
16,700|
|---|---|---|
|||16,700|
## **4 Company status**
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.
## **5 Reserves**
|At 1 July 2020
Profit for the year
At 30 June 2021|**Other**
**reserves**
**£**
104
-
104|**Profit and**
**loss account**
**£**
(13,225)
5,799
(7,426)|**Total**
**£**
(13,121)
5,799|
|---|---|---|---|
||||(7,322)|
Page 6
## **Parrabbola**
## **Detailed Profit and Loss Account for the Year Ended 30 June 2021**
|Turnover (analysed below)
Cost of sales (analysed below)
Gross profit
Gross profit (%)
**Administrative expenses**
Establishment costs (analysed below)
General administrative expenses
(analysed below)
Finance charges (analysed below)
Other interest receivable and similar
income (analysed below)
Profit/(loss) on ordinary activities
before taxation|**2021**
**£**
**£**
50,958
(3,206)
47,752
93.71%
(2,220)
(39,565)
(168)
(41,953)
-
5,799|**2020**
**£**
**£**
19,294
(52)
19,242
99.73%
-
(25,243)
-
(25,243)
3
(5,998)|**2020**
**£**
**£**
19,294
(52)
19,242
99.73%
-
(25,243)
-
(25,243)
3
(5,998)|
|---|---|---|---|
||||19,242|
||||99.73%
(25,243)
3|
||||(5,998)|
This page does not form part of the statutory financial statements Page 7
## **Parrabbola**
## **Detailed Profit and Loss Account for the Year Ended 30 June 2021**
|**Turnover**
Sales
**Cost of sales**
Materials
**Establishment costs**
Insurance
**General administrative expenses**
Printing, postage and stationery
Venue hire
Sundry expenses
Accountancy fees
Consultancy fees
Advertising
Travel and subsistence
**Finance charges**
Bank charges
**Other interest receivable and similar income**
Bank interest receivable|**2021**
**£**
50,958
50,958
3,206
3,206
2,220
2,318
400
1,179
470
25,906
175
9,117
39,565
168
-
-|**2020**
**£**
19,294|
|---|---|---|
|||19,294|
|||52|
|||52|
|||-|
|||-
852
886
450
20,186
-
2,869|
|||25,243|
|||-|
|||3|
|||3|
This page does not form part of the statutory financial statements Page 8