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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
Page
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Parangonage Ltd Company Information for the period from 1 October 2020 to 31 December 2021
Director
D Jacquerye
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
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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
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Parangonage Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,157 
Current assets
Debtors
- 
7,538 
Cash at bank and in hand
28,005 
24,300 
28,005 
31,838 
Creditors: amounts falling due within one year
(26,314)
(8,750)
Net current assets
1,691 
23,088 
Net assets
1,691 
26,245 
Capital and reserves
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
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Parangonage Ltd Notes to the Accounts for the period from 1 October 2020 to 31 December 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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%
Break-up basis
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.
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Parangonage Ltd Notes to the Accounts for the period from 1 October 2020 to 31 December 2021
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2020
3,789 
Disposals
(3,789)
At 31 December 2021
- 
Depreciation
At 1 October 2020
632 
Charge for the period
1,184 
On disposals
(1,816)
At 31 December 2021
- 
Net book value
At 31 December 2021
- 
At 30 September 2020
3,157 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
7,538 
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 
Accruals
865 
600 
26,314 
8,750 
7
Average number of employees
During the period the average number of employees was 1 (2020: 1).
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