1 November 2022 false No description of principal activity Taxfiler 2024.4 10363351business:PrivateLimitedCompanyLtd2022-11-012023-10-31 103633512022-10-31 103633512022-11-012023-10-31 10363351business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 10363351business:FilletedAccounts2022-11-012023-10-31 103633512023-10-31 10363351business:Director12022-11-012023-10-31 10363351business:RegisteredOffice2022-11-012023-10-31 103633512022-10-31 10363351core:AfterOneYear2023-10-31 10363351core:AfterOneYear2022-10-31 10363351core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 10363351core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 10363351core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 10363351core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 10363351core:PreviouslyStatedAmount2023-10-31 10363351core:PreviouslyStatedAmount2022-10-31 10363351business:SmallEntities2022-11-012023-10-31 10363351countries:EnglandWales2022-11-012023-10-31 10363351core:AfterOneYear2022-11-012023-10-31 103633512021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 10363351 (England and Wales)
PARALLAX PROPERTIES LIMITED Unaudited accounts for the year ended 31 October 2023
PARALLAX PROPERTIES LIMITED Unaudited accounts Contents
Page
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PARALLAX PROPERTIES LIMITED Company Information for the year ended 31 October 2023
Director
A Vats
Company Number
10363351 (England and Wales)
Registered Office
24 C/O PRODIANCE ACCOUNTANTS LYTHAM AVENUE WATFORD WD19 6XB ENGLAND
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PARALLAX PROPERTIES LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
96,807 
96,807 
Current assets
Cash at bank and in hand
16,005 
68,942 
Net current assets
16,005 
68,942 
Total assets less current liabilities
112,812 
165,749 
Creditors: amounts falling due after more than one year
(49,835)
(107,612)
Net assets
62,977 
58,137 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
62,967 
58,127 
Shareholders' funds
62,977 
58,137 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 July 2024 and were signed on its behalf by
A Vats Director Company Registration No. 10363351
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PARALLAX PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
PARALLAX PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10363351. The registered office is 24 C/O PRODIANCE ACCOUNTANTS, LYTHAM AVENUE, WATFORD, WD19 6XB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
96,807 
At 31 October 2023
96,807 
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,187 
45,434 
Other creditors
23,000 
25,000 
Loans from directors
7,648 
37,178 
49,835 
107,612 
Bank Loan: Lloyds Bank of £19,186.79 Directors Loan: £7,648 Other creditors: Nishant Vats £20,000 Vrinda Vats £3,000
6
Average number of employees
During the year the average number of employees was 0 (2022: 2).
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