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Draft
Parwana Ltd
Registered Number:10512197
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2023
Parwana Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
10512197
As at 31 December 2023
Parwana Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
8,854,021
8,860,312
2
8,854,021
8,860,312
Current assets
11,871
Cash and cash equivalents
33,875
33,875
11,871
Trade and other payables: amounts falling due within one year
(6,974,347)
(6,706,722)
3
(6,962,476)
(6,672,847)
Net current liabilities
Total assets less current liabilities
2,181,174
1,897,836
Trade and other payables: amounts falling due after more than one
year
(1,470,000)
(1,417,500)
4
763,674
Net assets
427,836
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
762,674
426,836
763,674
427,836
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Vk Mittal Director
These financial statements were approved and authorised for issue by the Board on 17 September 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 December 2023
Parwana Ltd
Notes to the Financial Statements
Statutory Information
Parwana Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 10512197.
Registered address:
45A Boundaries Road
London
England
SW12 8EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Furniture and
Fittings
Land and
Buildings
£
£
£
Cost or valuation
At 01 January 2023
8,879,956
62,912
8,817,044
At 31 December 2023
8,817,044
62,912
8,879,956
Provision for depreciation and impairment
At 01 January 2023
19,644
19,644
-
Charge for year
6,291
6,291
-
At 31 December 2023
25,935
25,935
-
At 31 December 2023
Net book value
8,817,044
36,977
8,854,021
At 31 December 2022
8,817,044
43,268
8,860,312
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
52,500
52,500
Trade creditors
65,225
23,018
Taxation and social security
105,219
76,421
Directors' loan accounts
1,626,117
1,700,772
Other creditors
4,857,661
5,121,636
6,706,722
6,974,347
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5
Draft
For the year ended 31 December 2023
Parwana Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
1,417,500
1,470,000
The company has a loan with Handelsbanken taken out on 09/12/2021 repayable in 5 years. The interest rate on the loan is 3.00% over LIBOR. The bank loan is secured against the assets of the company
5. Average number of persons employed
During the year the average number of employees was 0
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