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REGISTERED NUMBER: 04840766 (England and Wales)















Financial Statements

for the Year Ended 30 September 2023

for

Parman Kingston Riverside Ltd

Parman Kingston Riverside Ltd (Registered number: 04840766)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Parman Kingston Riverside Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: R V Cattaneo





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 04840766 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Parman Kingston Riverside Ltd (Registered number: 04840766)

Statement of Financial Position
30 September 2023

30/9/23 30/9/22
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 5,072 5,967
Investment property 7 475,000 250,000
480,072 255,967

CURRENT ASSETS
Debtors 8 5,859 8,609
Cash at bank 60,810 55,686
66,669 64,295
CREDITORS
Amounts falling due within one year 9 (12,589 ) (13,025 )
NET CURRENT ASSETS 54,080 51,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,152

307,237

PROVISIONS FOR LIABILITIES (104,934 ) (48,354 )
NET ASSETS 429,218 258,883

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 331,030 162,780
Retained earnings 10 98,088 96,003
SHAREHOLDERS' FUNDS 429,218 258,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Parman Kingston Riverside Ltd (Registered number: 04840766)

Statement of Financial Position - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





R V Cattaneo - Director


Parman Kingston Riverside Ltd (Registered number: 04840766)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Parman Kingston Riverside Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover and rents receivable
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from investment properties leased out under operating leases is recognised in the profit and loss account on an accruals basis over the term of the lease. The effect of rent reviews is only recognised when such reviews have been agreed with the tenants.

Intangible assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.


Parman Kingston Riverside Ltd (Registered number: 04840766)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 October 2022
and 30 September 2023 20,000
Amortisation
At 1 October 2022
and 30 September 2023 20,000
Net book value
At 30 September 2023 -
At 30 September 2022 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
Cost
At 1 October 2022
and 30 September 2023 43,250
Depreciation
At 1 October 2022 37,283
Charge for year 895
At 30 September 2023 38,178
Net book value
At 30 September 2023 5,072
At 30 September 2022 5,967

Parman Kingston Riverside Ltd (Registered number: 04840766)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2022 250,000
Fair value adjustment 225,000
At 30 September 2023 475,000
Net book value
At 30 September 2023 475,000
At 30 September 2022 250,000

The investment property was valued at the year end on an open market basis by the company's director.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 2,778 7,028
Other debtors 3,081 1,581
5,859 8,609

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Taxation and social security 422 1,535
Other creditors 12,167 11,490
12,589 13,025

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 96,003 162,780 258,783
Profit for the year 170,335 170,335
Transfer of fair value (168,250 ) 168,250 -
At 30 September 2023 98,088 331,030 429,118

Reserves of the company represent the following:

Retained earnings:
Cumulative profit and loss net of distributions to owners.

Fair value reserve:
Cumulative net revaluation gains on the company's investment property.