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REGISTERED NUMBER: 13808774 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 JANUARY 2024

FOR

PARAMETER CLIMATE UK LIMITED

PARAMETER CLIMATE UK LIMITED (REGISTERED NUMBER: 13808774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARAMETER CLIMATE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 1 JANUARY 2024







Directors: Mr M R Malinow
Mr R J Renner





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 13808774 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

PARAMETER CLIMATE UK LIMITED (REGISTERED NUMBER: 13808774)

BALANCE SHEET
1 JANUARY 2024

1/1/24 1/1/23
Notes £    £   
CURRENT ASSETS
Debtors 4 35,425 912
Cash at bank 39,113 72,965
74,538 73,877
CREDITORS
Amounts falling due within one year 5 (676,491 ) (408,840 )
NET CURRENT LIABILITIES (601,953 ) (334,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(601,953

)

(334,963

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (601,954 ) (334,964 )
(601,953 ) (334,963 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 January 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.

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 4 December 2024 and were signed on its behalf by:





Mr R J Renner - Director


PARAMETER CLIMATE UK LIMITED (REGISTERED NUMBER: 13808774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 JANUARY 2024

1. STATUTORY INFORMATION

Parameter Climate UK Limited 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.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on the going concern basis, despite having net liabilities of £602,090. The director has received assurances from the parent company that it will not recall amounts owing for a period of at least 12 months from the date of approval of these financial statements. As a result, the director considers that the use of the going concern basis of accounting is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/1/24 1/1/23
£    £   
Other debtors 35,425 912

PARAMETER CLIMATE UK LIMITED (REGISTERED NUMBER: 13808774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 JANUARY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1/1/24 1/1/23
£    £   
Trade creditors 99 -
Amounts owed to group undertakings 618,671 325,306
Taxation and social security 51,133 80,354
Other creditors 6,588 3,180
676,491 408,840

6. ULTIMATE CONTROLLING PARTY

The Immediate parent and ultimate controlling party is Parameter Climate Inc, a company incorporated in USA, Registered office - 1325 Avenue of the Americas, Floor 28, New York, NY 10019.