REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
Paridyn Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
5. | FIXED ASSET INVESTMENTS |
Share in |
group |
Under- |
takings |
£ |
COST |
At 1 August 2022 |
and 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
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 |
Owed by Subsidiary undertaking | 163,206 | 167,845 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Directors' loan accounts | 139,850 | 138,932 |
Accrued expenses |
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 |