Parinam Group Ltd 14698842 false 2023-03-01 2024-03-31 2024-03-31 The principal activity of the company is IT & technology consulting services Digita Accounts Production Advanced 6.30.9574.0 true false true 14698842 2023-03-01 2024-03-31 14698842 2024-03-31 14698842 core:CurrentFinancialInstruments 2024-03-31 14698842 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14698842 bus:SmallEntities 2023-03-01 2024-03-31 14698842 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-03-31 14698842 bus:FilletedAccounts 2023-03-01 2024-03-31 14698842 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-03-31 14698842 bus:RegisteredOffice 2023-03-01 2024-03-31 14698842 bus:Director1 2023-03-01 2024-03-31 14698842 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-03-31 14698842 1 2023-03-01 2024-03-31 14698842 countries:England 2023-03-01 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14698842

Parinam Group Ltd

trading as Parinam Group

Unaudited Financial Statements

for the Period from 1 March 2023 to 31 March 2024

 

Parinam Group Ltd

trading as Parinam Group

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Parinam Group Ltd

trading as Parinam Group

(Registration number: 14698842)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

339

Cash at bank and in hand

 

20,755

 

21,094

Creditors: Amounts falling due within one year

5

(5,103)

Net assets

 

15,991

Capital and reserves

 

Called up share capital

100

Retained earnings

15,891

Shareholders' funds

 

15,991

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2024
 

.........................................
Mrs Anisha Patel
Director

 

Parinam Group Ltd

trading as Parinam Group

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1
Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW
United Kingdom

These financial statements were authorised for issue by the director on 16 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Parinam Group Ltd

trading as Parinam Group

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 March 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Parinam Group Ltd

trading as Parinam Group

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

Current

2024
£

Prepayments

339

 

339

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

4,318

Accruals and deferred income

765

Other creditors

20

5,103

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

100

100

     

7

Dividends

Interim dividends paid

2024
£

Interim dividend of 10.00 per each Ordinary

1,000

 

 

Parinam Group Ltd

trading as Parinam Group

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 March 2024

8

Related party transactions

Other transactions with the director

At the company year end the company owed the director £20. There are no set repayment terms or any interest being charged.

9

Parent and ultimate parent undertaking

The ultimate controlling party is Anisha Patel as director and shareholder.