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REGISTERED NUMBER: 10638749 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PARIPUS LAND LTD

PARIPUS LAND LTD (REGISTERED NUMBER: 10638749)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARIPUS LAND LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J Patel
Upendra Patel





REGISTERED OFFICE: 9 Churchill Court
58 Station Road
North Harrow
HA2 7SA





REGISTERED NUMBER: 10638749 (England and Wales)





ACCOUNTANTS: Chapmans
Chartered Accountants
9 Churchill Court
58 Station Road
North Harrow
HA2 7SA

PARIPUS LAND LTD (REGISTERED NUMBER: 10638749)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 705,000 705,000

CURRENT ASSETS
Debtors 5 82,349 296,201
Cash at bank 56,876 2,786
139,225 298,987
CREDITORS
Amounts falling due within one year 6 51,084 207,098
NET CURRENT ASSETS 88,141 91,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

793,141

796,889

CREDITORS
Amounts falling due after more than one year 7 (696,663 ) (697,602 )

PROVISIONS FOR LIABILITIES (2,562 ) (2,562 )
NET ASSETS 93,916 96,725

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable retained
earnings 8 10,922 10,922
Retained earnings 8 82,894 85,703
93,916 96,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

PARIPUS LAND LTD (REGISTERED NUMBER: 10638749)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 11 October 2024 and were signed on its behalf by:





J Patel - Director


PARIPUS LAND LTD (REGISTERED NUMBER: 10638749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Paripus Land Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents rental income receivable.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure . Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PARIPUS LAND LTD (REGISTERED NUMBER: 10638749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 705,000
NET BOOK VALUE
At 29 February 2024 705,000
At 28 February 2023 705,000

The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 82,349 296,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 748 19,475
Other creditors 50,336 187,623
51,084 207,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 288,191 417,916
Other creditors 408,472 279,686
696,663 697,602

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 288,191 417,916

PARIPUS LAND LTD (REGISTERED NUMBER: 10638749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. RESERVES
Non
distributable
Retained retained
earnings earnings Totals
£    £    £   

At 1 March 2023 85,703 10,922 96,625
Deficit for the year (2,809 ) (2,809 )
At 29 February 2024 82,894 10,922 93,816

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
J Patel
Balance outstanding at start of year 195 3,345
Amounts repaid (13,173 ) (3,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,978 ) 195

10. RELATED PARTY DISCLOSURES

Other creditors includes a loan of £396,601 (2023 £262,500) from U&U Ltd, a company with a common
director. and a loan of £16,220 (2023 £166,220) from Paripus Limited, a company under common control. Both loans are interest free and repayable on demand.