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REGISTERED NUMBER: 10642751 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Parhamco Limited

Parhamco Limited (Registered number: 10642751)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parhamco Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: L Rahman
Ms S Yasmin





SECRETARY:





REGISTERED OFFICE: 183 Caledon Road
London
E6 2EX





REGISTERED NUMBER: 10642751 (England and Wales)





ACCOUNTANTS: Accounting for you
4 Morrab Gardens
Ilford
Essex
IG3 9HL

Parhamco Limited (Registered number: 10642751)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,596 3,805
Investments 5 1,387,435 1,354,500
1,390,031 1,358,305

CURRENT ASSETS
Debtors 6 59,967 59,967
Cash in hand 88 2,138
60,055 62,105
CREDITORS
Amounts falling due within one year 7 1,245,088 1,231,585
NET CURRENT LIABILITIES (1,185,033 ) (1,169,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,998

188,825

CREDITORS
Amounts falling due after more than one year 8 38,306 43,842
NET ASSETS 166,692 144,983

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 166,690 144,981
SHAREHOLDERS' FUNDS 166,692 144,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Parhamco Limited (Registered number: 10642751)

Balance Sheet - continued
5 April 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 23 December 2024 and were signed on its behalf by:





L Rahman - Director


Parhamco Limited (Registered number: 10642751)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Parhamco 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2023 - NIL ) .

Parhamco Limited (Registered number: 10642751)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 4,920
Additions 1,787
At 5 April 2024 6,707
DEPRECIATION
At 6 April 2023 1,115
Charge for year 2,996
At 5 April 2024 4,111
NET BOOK VALUE
At 5 April 2024 2,596
At 5 April 2023 3,805

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
5.4.24 5.4.23
£    £   
Investment in LLP 1,387,435 1,354,500

The company is a partner in Parham Partners LLP. The amount shown represents the company's capital account balance in that entity.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 59,967 59,967

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 3,790 -
Taxation and social security 5,438 6,010
Other creditors 1,235,860 1,225,575
1,245,088 1,231,585

Parhamco Limited (Registered number: 10642751)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 38,306 43,842

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,306 18,842

9. DIRECTORS CURRENT ACCOUNT

The following advances and credits to directors subsisted during the years ended 5 April 2024 and 5 April 2023:

5.4.24 5.4.23
£    £   
L Rahman
Balance outstanding at start of year 1,210,359 1,209,133
Amounts advanced 10,285 1,226
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,220,644 1,210,359

Ms S Yasmin
Balance outstanding at start of year 15,216 15,216
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,216 15,216

10. RELATED PARTY DISCLOSURES

The company is a partner in Parham Partners LLP. During the previous financial period ended 5 April 2022 a director (L Rahman) transferred an additional amount of £234,944 from his capital account balance in the LLP to the company in return for a director's current account balance with the company. Previously in the financial period ended .5 April 2018 the directors transferred their capital accounts balances in the LLP to the company in return for a director's current account balance with the company (L Rahman £1,085,000, Ms S Yasmin £75,000).