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REGISTERED NUMBER: 09968325 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PARMAR AND SONS PROPERTY LIMITED

PARMAR AND SONS PROPERTY LIMITED (REGISTERED NUMBER: 09968325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


PARMAR AND SONS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr S Parmar
Miss C Patel





REGISTERED OFFICE: 69 Manor Road
Harrow
Middlesex
HA1 2PF





REGISTERED NUMBER: 09968325 (England and Wales)





ACCOUNTANTS: Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARMAR AND SONS PROPERTY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Parmar and Sons Property Limited for the year ended 31 March 2018 which comprise the
Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Parmar and Sons Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parmar and Sons Property Limited and state those matters that we have agreed to state to the Board of Directors of Parmar and Sons Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parmar and Sons Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Parmar and Sons Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Parmar and Sons Property Limited. You consider that Parmar and Sons Property Limited 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 financial statements of Parmar and Sons Property Limited. 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 financial statements.






Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


9 November 2018

PARMAR AND SONS PROPERTY LIMITED (REGISTERED NUMBER: 09968325)

BALANCE SHEET
31 MARCH 2018

31/3/18 31/3/17
Notes £ £ £ £
FIXED ASSETS
Investment property 3 1,027,856 746,084

CURRENT ASSETS
Debtors 4 257,958 281,977
Cash at bank 5,900 3,272
263,858 285,249
CREDITORS
Amounts falling due within one year 5 669,598 600,277
NET CURRENT LIABILITIES (405,740 ) (315,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,116

431,056

CREDITORS
Amounts falling due after more than one
year

6

630,424

434,033
NET LIABILITIES (8,308 ) (2,977 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (8,408 ) (3,077 )
SHAREHOLDERS' FUNDS (8,308 ) (2,977 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

PARMAR AND SONS PROPERTY LIMITED (REGISTERED NUMBER: 09968325)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 9 November 2018 and were signed on its behalf
by:





Mr S Parmar - Director


PARMAR AND SONS PROPERTY LIMITED (REGISTERED NUMBER: 09968325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Parmar and Sons Property Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income receivable. Turnover is recognised when the company has a right to
consideration.

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at
fair value at each reporting date with changes in fair value recognised in profit or loss. Under pervious UK
GAAP, investment property was valued on an open market basis.

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 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.

3. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2017 746,084
Additions 281,772
At 31 March 2018 1,027,856
NET BOOK VALUE
At 31 March 2018 1,027,856
At 31 March 2017 746,084

In the opinion of the directors the fair value of the investment properties as at 31 March 2018 is not significantly
difference to that stated above.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£ £
Trade debtors 1 1,492
Other debtors 257,957 280,485
257,958 281,977

PARMAR AND SONS PROPERTY LIMITED (REGISTERED NUMBER: 09968325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£ £
Amounts owed to participating interests 505,000 500,000
Directors' current accounts 158,693 98,477
Accrued expenses 5,905 1,800
669,598 600,277

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/18 31/3/17
£ £
Bank loans more 5 yr by instal 630,424 434,033

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 630,424 434,033

The bank loans are secured by a legal charge over the investment properties and by way of personal guarantees
of the directors. The loans are interest only, fully repayable between 25 to 35 years period and the rates of
interest charged are between 3.99% and 6.33% above the bank base rate.

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/18 31/3/17
value: £ £
100 Ordinary share capital £1 each 100 100

8. RELATED PARTY DISCLOSURES

Included within creditors falling due within one year is a balance of £505,000 (31.03.2016: £500,000) payable to
SP Risk Systems Limited, a company which director has beneficial interest. The amount is interest free loan.

9. ULTIMATE CONTROLLING PARTY

Directors are the ultimate controlling party, as they owns majority of the issued share capital.