Company Registration No. 12189057 (England and Wales)
Parangonage Ltd
Unaudited accounts
for the period from 1 October 2020 to 31 December 2021
Parangonage Ltd
Unaudited accounts
Contents
Parangonage Ltd
Company Information
for the period from 1 October 2020 to 31 December 2021
Company Number
12189057 (England and Wales)
Registered Office
128 Nelgarde Road
London
SE6 4TP
United Kingdom
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Parangonage Ltd
Accountants' report
Accountants' report to the director of Parangonage Ltd on the preparation of the unaudited statutory accounts for the period from 1 October 2020 to 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Parangonage Ltd for the period from
1 October 2020 to
31 December 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Parangonage Ltd, as a body, in accordance with the terms of our engagement letter dated 10 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Parangonage Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parangonage Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Parangonage Ltd 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 Parangonage Ltd. You consider that Parangonage Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Parangonage Ltd. 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.
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
15 August 2022
Parangonage Ltd
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
28,005
24,300
Creditors: amounts falling due within one year
(26,314)
(8,750)
Net current assets
1,691
23,088
Called up share capital
1
1
Profit and loss account
1,690
26,244
Shareholders' funds
1,691
26,245
For the period ending 31 December 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2022 and were signed on its behalf by
D Jacquerye
Director
Company Registration No. 12189057
Parangonage Ltd
Notes to the Accounts
for the period from 1 October 2020 to 31 December 2021
Parangonage Ltd is a private company, limited by shares, registered in England and Wales, registration number 12189057. The registered office is 128 Nelgarde Road, London, SE6 4TP, United Kingdom. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line 25%
The accounts have been prepared on the break up basis as the business has ceased trading on 31 December 2021. All sales and costs incurred up to 31 December 2021, have been included in these cessation accounts.
Parangonage Ltd
Notes to the Accounts
for the period from 1 October 2020 to 31 December 2021
4
Tangible fixed assets
Computer equipment
Charge for the period
1,184
At 30 September 2020
3,157
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
32
-
Taxes and social security
13,049
8,000
Loans from directors
12,368
150
7
Average number of employees
During the period the average number of employees was 1 (2020: 1).