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REGISTERED NUMBER: 05047721 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Paridyn Limited

Paridyn Limited (Registered number: 05047721)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paridyn Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J G Gardner
Mrs C R Gardner





SECRETARY: Mrs C R Gardner





REGISTERED OFFICE: Woodside Cottage
2 Cromer Hyde Lane
Lemsford
Hertfordshire
AL8 7XE





REGISTERED NUMBER: 05047721 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Paridyn Limited (Registered number: 05047721)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1,156
Investments 5 1,000 1,000
1,001 2,156

CURRENT ASSETS
Debtors 6 163,916 168,544
Cash at bank 260 686
164,176 169,230
CREDITORS
Amounts falling due within one year 7 140,735 139,782
NET CURRENT ASSETS 23,441 29,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,442

31,604

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,440 31,602
SHAREHOLDERS' FUNDS 24,442 31,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Paridyn Limited (Registered number: 05047721)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





Mrs C R Gardner - Director


Paridyn Limited (Registered number: 05047721)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Paridyn Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Woodside Cottage, 2 Cromer Hyde Lane, Lemsford, Welwyn Garden City, Herts, AL8 7XE.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue represents net invoiced sales of services, excluding value added tax, having regard to the fulfilment of contractual obligations.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as follows:

Office Equipment - As of 1 August 2020 33 1/3% straight line.
Prior to this date depreciation was 25% reducing balance.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs

Taxation
Corporation Tax will be provided on taxable profits at the current rate. When the taxation liabilities of the group undertakings are reduced wholly or in part with the surrender of losses by either group undertaking, the surrendering undertaking will be compensated by payment of the notional loss payable at the date the losses were surrendered.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Revenue recognition
Revenue represents the fair value of services provided, excluding value added tax, having regard to the fulfilment of contractual obligations.

Paridyn Limited (Registered number: 05047721)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2022
and 31 July 2023 9,010
DEPRECIATION
At 1 August 2022 7,854
Charge for year 1,155
At 31 July 2023 9,009
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1,156

5. FIXED ASSET INVESTMENTS
Share in
group
Under-
takings
£   
COST
At 1 August 2022
and 31 July 2023 1,000
NET BOOK VALUE
At 31 July 2023 1,000
At 31 July 2022 1,000

Paridyn Properties Ltd is 100% owned by Paridyn Ltd.

Paridyn Properties Ltd was incorporated on 6th July 2012 and commenced activities on 1st August 2012 the principal activity is property letting and management.

The subsidiary company has aggregate Capital & Reserves of £303,077 (2022: £305,087).

The results of the subsidiary undertaking have not been consolidated with those of Paridyn Ltd as the Directors consider the company to be entitled to exemption under Section 398 of the Companies Act 2006 from the requirement to prepare group accounts.

Paridyn Limited (Registered number: 05047721)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 710 699
Owed by Subsidiary undertaking 163,206 167,845
163,916 168,544

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Directors' loan accounts 139,850 138,932
Accrued expenses 885 850
140,735 139,782

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors due within one year is £139,850 (2022 : £138,932) due to the directors.

9. RELATED PARTY TRANSACTIONS

The following company is a wholly owned subsidiary and shares directors with Paridyn Ltd:

Paridyn Properties Ltd - Mr J A Gardner and Mrs C R Gardner.

Included in Debtors is £163,206 (2022: £167,845) owed by Paridyn Properties Ltd