Registration number: 07147678
Parrabbola
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2023
Batchelor and Company Accountants Limited Certified Charlton House 32 High Street Cullompton Devon EX15 1AE
Parrabbola
Contents
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Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6 to 7
The following pages do not form part of the statutory financial statements:
Detailed Profit and Loss Account 8 to 9
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Parrabbola Company Information Directors Leon Berger Marie Costa David Monteith Alistair Park Filiz Ozcan Company secretary Mark Lintern Harris Registered office Charlton House 32 High Street Cullompton Devon EX15 1AE Accountants Batchelor and Company Accountants Limited Certified Charlton House 32 High Street Cullompton Devon EX15 1AE
Page 1
Parrabbola
Directors' Report for the Year Ended 30 June 2023
The directors present their report and the unaudited financial statements for the year ended 30 June 2023.
Directors of the company
The directors who held office during the year were as follows:
Leon Berger Marie Costa David Monteith Alistair Park Filiz Ozcan (appointed 9 February 2023)
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 27 March 2024 and signed on its behalf by:
......................................... Leon Berger Director
Page 2
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Parrabbola
for the Year Ended 30 June 2023
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 2023 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Parrabbola, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Parrabbola and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parrabbola and its Board of Directors as a body for our work or for this report.
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 loss 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 and Company Accountants Limited Certified Charlton House 32 High Street Cullompton Devon EX15 1AE 27 March 2024
Page 3
Parrabbola
Profit and Loss Account for the Year Ended 30 June 2023
| Note Turnover Cost of sales Gross profit Administrative expenses Operating (loss)/profit 2 Other interest receivable and similar income (Loss)/profit on ordinary activities before taxation (Loss)/profit for the financial year 6 |
2023 £ 83,673 (13,932) 69,741 (71,135) (1,394) 81 (1,313) (1,313) |
2022 £ 119,264 (6,185) |
|---|---|---|
| 113,079 (94,827) |
||
| 18,252 3 |
||
| 18,255 | ||
| 18,255 |
The notes on pages 6 to 7 form an integral part of these financial statements. Page 4
Parrabbola
(Registration number: 07147678)
Balance Sheet at 30 June 2023
| Note Current assets Debtors 3 Cash at bank and in hand Creditors: Amounts falling due within one year 4 Net assets Capital and reserves Other reserves 6 Profit and loss account 6 Shareholders' funds |
2023 £ 5,495 20,075 25,570 (15,950) 9,620 104 9,516 9,620 |
2022 £ - 26,883 |
|---|---|---|
| 26,883 (15,950) |
||
| 10,933 | ||
| 104 10,829 |
||
| 10,933 |
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 2023 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 27 March 2024 and signed on its behalf by:
......................................... Leon Berger Director
The notes on pages 6 to 7 form an integral part of these financial statements. Page 5
Parrabbola
Notes to the Financial Statements for the Year Ended 30 June 2023
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 (loss)/profit
Operating (loss)/profit is stated after charging:
| 3 Debtors Other debtors 4 Creditors: Amounts falling due within one year Other creditors |
2023 £ 2023 £ 5,495 2023 £ 15,950 |
2022 £ 2022 £ - |
|---|---|---|
| 2022 £ 15,950 |
5 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.
Page 6
Parrabbola
Notes to the Financial Statements for the Year Ended 30 June 2023
......... continued
6 Reserves
| At 1 July 2022 Loss for the year At 30 June 2023 |
Other reserves £ 104 - 104 |
Profit and loss account £ 10,829 (1,313) 9,516 |
Total £ 10,933 (1,313) |
|---|---|---|---|
| 9,620 |
Page 7
Parrabbola
Detailed Profit and Loss Account for the Year Ended 30 June 2023
| Turnover (analysed below) Cost of sales (analysed below) Gross profit Gross profit (%) Administrative expenses Establishment costs (analysed below) General administrative expenses (analysed below) Other interest receivable and similar income (analysed below) (Loss)/profit on ordinary activities before taxation |
2023 £ £ 83,673 (13,932) 69,741 83.35% (2,717) (68,418) (71,135) 81 (1,313) |
2022 £ £ 119,264 (6,185) 113,079 94.81% (4,503) (90,324) (94,827) 3 18,255 |
2022 £ £ 119,264 (6,185) 113,079 94.81% (4,503) (90,324) (94,827) 3 18,255 |
|---|---|---|---|
| 113,079 | |||
| 94.81% (94,827) 3 |
|||
| 18,255 |
This page does not form part of the statutory financial statements Page 8
Parrabbola
Detailed Profit and Loss Account for the Year Ended 30 June 2023
| Turnover Income Cost of sales Production costs Establishment costs Rent Insurance General administrative expenses Venue hire Sundry expenses Accountancy fees Consultancy fees Advertising Travel and subsistence Other interest receivable and similar income Bank interest receivable |
2023 £ 83,673 83,673 13,932 13,932 - 2,717 2,717 1,650 4,075 880 53,625 125 8,063 68,418 81 81 |
2022 £ 119,264 |
|---|---|---|
| 119,264 | ||
| 6,185 | ||
| 6,185 | ||
| 2,000 2,503 |
||
| 4,503 | ||
| 860 4,355 807 75,231 338 8,733 |
||
| 90,324 | ||
| 3 | ||
| 3 |
This page does not form part of the statutory financial statements Page 9