Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01true2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true 00844277 2023-05-01 2024-04-30 00844277 2022-05-01 2023-04-30 00844277 2024-04-30 00844277 2023-04-30 00844277 c:Director2 2023-05-01 2024-04-30 00844277 d:CurrentFinancialInstruments 2024-04-30 00844277 d:CurrentFinancialInstruments 2023-04-30 00844277 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00844277 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00844277 d:ShareCapital 2024-04-30 00844277 d:ShareCapital 2023-04-30 00844277 d:RetainedEarningsAccumulatedLosses 2024-04-30 00844277 d:RetainedEarningsAccumulatedLosses 2023-04-30 00844277 c:FRS102 2023-05-01 2024-04-30 00844277 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00844277 c:FullAccounts 2023-05-01 2024-04-30 00844277 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00844277 2 2023-05-01 2024-04-30 00844277 6 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 00844277









PARNESON INVESTMENT COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
PARNESON INVESTMENT COMPANY LIMITED
REGISTERED NUMBER: 00844277

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
22,392
14,095

  
22,392
14,095

Current assets
  

Cash at bank and in hand
 5 
10,292
10,777

  
10,292
10,777

Creditors: amounts falling due within one year
 6 
(8,820)
(8,820)

Net current assets
  
 
 
1,472
 
 
1,957

Total assets less current liabilities
  
23,864
16,052

  

Net assets
  
23,864
16,052


Capital and reserves
  

Called up share capital 
  
16,999
16,999

Profit and loss account
  
6,865
(947)

  
23,864
16,052


Page 1

 
PARNESON INVESTMENT COMPANY LIMITED
REGISTERED NUMBER: 00844277
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Seligman
Director

Date: 24 September 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
PARNESON INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Parneson Investment Company is a private company limited by shares. It is incorporated in England and Wales (company number 00844277). Its registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 May 2023
14,095


Revaluations
8,297



At 30 April 2024
22,392




Page 3

 
PARNESON INVESTMENT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,292
10,777

10,292
10,777



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
7,570
7,570

Accruals and deferred income
1,250
1,250

8,820
8,820



7.


Related party transactions

Included in other creditors is an amount of £7,566 (2023: £7,566) due to a director.

 
Page 4