REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 JANUARY 2024 |
FOR |
PARAMETER CLIMATE UK LIMITED |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1/1/24 | 1/1/23 |
£ | £ |
Other debtors |
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 |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
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. |