Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01falseinvestment management11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07799205 2021-11-01 2022-10-31 07799205 2020-11-01 2021-10-31 07799205 2022-10-31 07799205 2021-10-31 07799205 c:Director1 2021-11-01 2022-10-31 07799205 d:PlantMachinery 2021-11-01 2022-10-31 07799205 d:PlantMachinery 2022-10-31 07799205 d:PlantMachinery 2021-10-31 07799205 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 07799205 d:CurrentFinancialInstruments 2022-10-31 07799205 d:CurrentFinancialInstruments 2021-10-31 07799205 d:Non-currentFinancialInstruments 2022-10-31 07799205 d:Non-currentFinancialInstruments 2021-10-31 07799205 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 07799205 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 07799205 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 07799205 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 07799205 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 07799205 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-10-31 07799205 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 07799205 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 07799205 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 07799205 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 07799205 d:ShareCapital 2022-10-31 07799205 d:ShareCapital 2021-10-31 07799205 d:RetainedEarningsAccumulatedLosses 2022-10-31 07799205 d:RetainedEarningsAccumulatedLosses 2021-10-31 07799205 c:OrdinaryShareClass1 2021-11-01 2022-10-31 07799205 c:OrdinaryShareClass1 2022-10-31 07799205 c:OrdinaryShareClass1 2021-10-31 07799205 c:FRS102 2021-11-01 2022-10-31 07799205 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 07799205 c:FullAccounts 2021-11-01 2022-10-31 07799205 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07799205














PARX FINANCIAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 OCTOBER 2022

 
PARX FINANCIAL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5

 
PARX FINANCIAL LIMITED
REGISTERED NUMBER:07799205

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
213
362

Current assets
  

Debtors: amounts falling due within one year
 5 
37,643
37,646

Cash at bank and in hand
  
2,010
3,231

  
39,653
40,877

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(13,152)
(11,116)

Net current assets
  
 
 
26,501
 
 
29,761

Creditors: amounts falling due after more than one year
 7 
(26,638)
(30,000)

Net assets
  
76
123


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
75
122

  
76
123


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 his 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 statement of comprehensive income 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 on 26 October 2023.



D L Park
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
PARX FINANCIAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Parx Financial Limited is a private limited liability company registered in England and Wales. The registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company is marketing consultancy services.
The financial statements are presented in £ Sterling, which is the functional and presentational currency of the Company.

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

Revenue

Revenue represents fees receivable for services provided during the year exclusive of Value Added Tax. 
Revenue is recognised in the period in which the services are provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment. 

Page 2

 
PARX FINANCIAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 and loans to and from related parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.9

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
 
2.10

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 3

 
PARX FINANCIAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 November 2021
6,333



At 31 October 2022

6,333



Depreciation


At 1 November 2021
5,970


Charge for the year on owned assets
150



At 31 October 2022

6,120



Net book value



At 31 October 2022
213



At 31 October 2021
362


5.


Debtors

2022
2021
£
£


Other debtors
37,643
37,646



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
5,021
5,833

Corporation tax
810
3,783

Other creditors
5,071
-

Accruals and deferred income
2,250
1,500

13,152
11,116


Page 4

 
PARX FINANCIAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
26,638
30,000



8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
5,021
5,833

Amounts falling due 1-2 years

Bank loans
4,178
7,500

Amounts falling due 2-5 years

Bank loans
12,758
20,833

Amounts falling due after more than 5 years

Bank loans
9,702
1,667

31,659
35,833



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1


 
Page 5