Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-30The principal activity of the company is art consultancy.true2021-07-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10813267 2021-07-01 2022-06-30 10813267 2020-07-01 2021-06-30 10813267 2022-06-30 10813267 2021-06-30 10813267 c:Director1 2021-07-01 2022-06-30 10813267 c:RegisteredOffice 2021-07-01 2022-06-30 10813267 d:CurrentFinancialInstruments 2022-06-30 10813267 d:CurrentFinancialInstruments 2021-06-30 10813267 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10813267 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 10813267 d:ShareCapital 2022-06-30 10813267 d:ShareCapital 2021-06-30 10813267 d:RetainedEarningsAccumulatedLosses 2022-06-30 10813267 d:RetainedEarningsAccumulatedLosses 2021-06-30 10813267 c:OrdinaryShareClass1 2021-07-01 2022-06-30 10813267 c:OrdinaryShareClass1 2022-06-30 10813267 c:OrdinaryShareClass1 2021-06-30 10813267 c:FRS102 2021-07-01 2022-06-30 10813267 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 10813267 c:FullAccounts 2021-07-01 2022-06-30 10813267 c:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10813267









PARADA CANO-LASSO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022

 
PARADA CANO-LASSO LIMITED
 
 
COMPANY INFORMATION


Director
I Parada Cano-Lasso 




Registered number
10813267



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
PARADA CANO-LASSO LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
PARADA CANO-LASSO LIMITED
REGISTERED NUMBER: 10813267

BALANCE SHEET
AS AT 30 JUNE 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
 4 
268,763
28,924

Debtors: amounts falling due within one year
 5 
177,882
114,395

Cash at bank and in hand
 6 
3,676
40,171

  
450,321
183,490

Creditors: amounts falling due within one year
 7 
(179,718)
(119,387)

Net current assets
  
 
 
270,603
 
 
64,103

Total assets less current liabilities
  
270,603
64,103

  

Net assets
  
270,603
64,103


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
270,602
64,102

  
270,603
64,103


Page 1

 
PARADA CANO-LASSO LIMITED
REGISTERED NUMBER: 10813267
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I Parada Cano-Lasso
Director

Date: 26 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PARADA CANO-LASSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1.


General information

Parada Cano-Lasso Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 10813267. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
The sole director and shareholder confirm that she will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least 12 months from the date of signing of the financial statements of the company for the year ended 30 June 2022.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PARADA CANO-LASSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
PARADA CANO-LASSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 
 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Stocks

2022
2021
£
£

Goods for resale
268,763
28,924


Page 5

 
PARADA CANO-LASSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

5.


Debtors

2022
2021
£
£


Trade debtors
-
20,848

Other debtors
112,764
92,514

Prepayments and accrued income
65,118
1,033

177,882
114,395



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
3,676
40,171



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
41,948
25,055

Corporation tax
77,587
24,456

Other taxation and social security
2,400
601

Other creditors
39,993
57,775

Accruals and deferred income
17,790
11,500

179,718
119,387



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1
1
1


Page 6

 
PARADA CANO-LASSO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

9.


Related party transactions

Included within other debtors (note 5) is an amount of £111,410 (2021 - £91,148) due from Always Sunny, a company owned by common control. This amount is interest free, unsecured and repayable upon demand.
Included within other creditors (note 7) is an amount of £23,299 (
2021 - £57,775) owed to the partner of the director of the company. This amount is interest free, unsecured and repayable upon demand.

 
Page 7