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REGISTERED NUMBER: 11388172 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Param@ Uk Ltd

Param@ Uk Ltd (Registered number: 11388172)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Param@ Uk Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: E C Yilmaz





REGISTERED OFFICE: Suite 34 Beaufort Court
Admirals Way
London
E14 9XL





REGISTERED NUMBER: 11388172 (England and Wales)





AUDITORS: Optima Financial Solutions Group Limited
Chartered Accountants
Statutory Auditors
Calcutt Court
Calcutt
Swindon
Wiltshire
SN66JR

Param@ Uk Ltd (Registered number: 11388172)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 399,896 1,400
Cash at bank 56,387 30,250
456,283 31,650
CREDITORS
Amounts falling due within one year 5 659,746 275,393
NET CURRENT LIABILITIES (203,463 ) (243,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(203,463

)

(243,743

)

CAPITAL AND RESERVES
Called up share capital 600,000 200,000
Retained earnings (803,463 ) (443,743 )
(203,463 ) (243,743 )

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 director and authorised for issue on 13 January 2025 and were signed by:





E C Yilmaz - Director


Param@ Uk Ltd (Registered number: 11388172)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

Param@ Uk Ltd (Registered number: 11388172)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors (600 ) -
Other debtors 400,496 1,400
399,896 1,400

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 263,671 77,738
Taxation and social security 5,827 796
Other creditors 390,248 196,859
659,746 275,393

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Bexley BSc ACA ATII (Senior Statutory Auditor)
for and on behalf of Optima Financial Solutions Group Limited