Registered number
07046281
Pardes Management Limited
Filleted Accounts
31 December 2022
H J Pinczewski & Co.
Chartered Certified Accountants
Rico House
George Street
Unit 6 Lower Ground Floor
Prestwich, Manchester
M25 9WS
Pardes Management Limited
Registered number: 07046281
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 538,500 536,037
Cash at bank and in hand 151 10,024
538,651 546,061
Creditors: amounts falling due within one year 4 (119,547) (139,734)
Net current assets 419,104 406,327
Total assets less current liabilities 419,104 406,327
Creditors: amounts falling due after more than one year 5 (253,710) (290,300)
Net assets 165,394 116,027
Capital and reserves
Called up share capital 1 1
Profit and loss account 165,393 116,026
Shareholder's funds 165,394 116,027
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ralph Michael Stross
Director
Approved by the board on 15 August 2023
Pardes Management Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 538,500 536,037
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 5,130 5,080
Trade creditors 175 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 97,942 85,442
Other creditors 16,300 49,212
119,547 139,734
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 37,298 42,429
Other creditors 216,412 247,871
253,710 290,300
6 Related party transactions
Included in debtors is an amount of £383,500 (2021 £381,037 due from Tamid Zivah LLP a former group Company
Included in debtors is an amount of £155,000 (2021 £155,000) due from Amasia Limited a former group Company
Included in creditors is an amount of £72,442 (2021 £72,442) due to Yaleinu limited a former group Company
Included in creditors is an amount of £25,500 (2021 £13,000) due to Coollam Brooryme LTD a former group Company
Included in creditors is an amount due to the director £232,712 (2021 £297,083)
7 Controlling party
The company is under the control of Ralph Michael Stross
8 Other information
Pardes Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Riverslea
11 Vale Road
Altrincham
WA14 3AE
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