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REGISTERED NUMBER: 11495104 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PARONE LIMITED

PARONE LIMITED (REGISTERED NUMBER: 11495104)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

PARONE LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: Mr J D Robbins





REGISTERED OFFICE: 4 Taylor Drive
The Green
Throop
Bournemouth
BH8 0PZ





REGISTERED NUMBER: 11495104 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Bridge House
Unit 6 Pullman Business Park
Pullman Way
Ringwood
Hampshire
BH24 1EX

PARONE LIMITED (REGISTERED NUMBER: 11495104)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,182 19,032
Investment property 5 450,000 450,000
464,182 469,032

CURRENT ASSETS
Debtors 6 1,038 908
Cash at bank 14,602 11,699
15,640 12,607
CREDITORS
Amounts falling due within one year 7 381,642 394,382
NET CURRENT LIABILITIES (366,002 ) (381,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,180

87,257

PROVISIONS FOR LIABILITIES 16,923 17,845
NET ASSETS 81,257 69,412

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 81,157 69,312
81,257 69,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





Mr J D Robbins - Director


PARONE LIMITED (REGISTERED NUMBER: 11495104)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Parone 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of
specialist advertising services.

Revenue is recognised on the provision of services once the services have been approved or agreed by the client at which time significant risks and rewards of the work has been transferred to the client.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Investment property
Investment property is shown at its most recent valuation. This valuation was undertaken by the director who has an extensive knowledge of local property prices. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PARONE LIMITED (REGISTERED NUMBER: 11495104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash and cash equivalents
These comprise cash at bank and other short-term highly liquid bank deposits.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Reserves
The movement in the fair value of investment property to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate deferred tax provisions, may not be distributed to the shareholders.

Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 35,934
Additions 1,050
At 30 September 2024 36,984
DEPRECIATION
At 1 October 2023 16,902
Charge for year 5,900
At 30 September 2024 22,802
NET BOOK VALUE
At 30 September 2024 14,182
At 30 September 2023 19,032

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 450,000
NET BOOK VALUE
At 30 September 2024 450,000
At 30 September 2023 450,000

PARONE LIMITED (REGISTERED NUMBER: 11495104)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2022 24,888
Valuation in 2023 50,000
Cost 375,112
450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 1,038 908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 3,700 5,898
Other creditors 377,942 388,484
381,642 394,382

8. RESERVES

30.9.2430.9.23
£ £

Distributable20,4988,653
Non - distributable60,65960,659
81,15769,312

Movement in Non-distributable reserve30.9.2430.9.23
£ £

Balance brought forward 60,65920,159
Fair value uplift-50,000
Movement in deferred tax-(9,500)
Balance carried forward 60,65960,659

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARONE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parone Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Parone Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parone Limited and state those matters that we have agreed to state to the director of Parone Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parone Limited and its director for our work or for this report.

It is your duty to ensure that Parone Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parone Limited. You consider that Parone Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parone Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Bridge House
Unit 6 Pullman Business Park
Pullman Way
Ringwood
Hampshire
BH24 1EX


2 December 2024