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Registered Number: 14767293
England and Wales

 

 

 


Abridged Accounts

for the period ended 31 March 2024

for

PARMAR ASSET MANAGEMENT LTD

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parmar Asset Management Ltd for the period ended 31 March 2024 which comprise the profit and loss account, balance sheet and 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, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Parmar Asset Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Parmar Asset Management Ltd and state those matters that we have agreed to state to the Board of Directors of Parmar Asset Management Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parmar Asset Management Ltd and its Board of Directors as a body, for our work or for this report. It is your duty to ensure that Parmar Asset Management Ltd 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 Parmar Asset Management Ltd.

You consider that Parmar Asset Management Ltd 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 Parmar Asset Management Ltd. 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.



....................................................
Bluewater Tax Accounting Limited
Chartered Accountants
Quadrant Court
49 Calthorpe Road
Birmingham
B15 1TH
29 January 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Investments 3 200 
200 
Current assets    
Debtors 10,000 
Creditors: amount falling due within one year (6,900)
Net current assets 3,100 
 
Total assets less current liabilities 3,300 
Net assets 3,300 
 

Capital and reserves
   
Called up share capital 4 300 
Profit and loss account 3,000 
Shareholders' funds 3,300 
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge(s) their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.
The financial statements were approved by the board of directors on 29 January 2025 and were signed on its behalf by:


-------------------------------
A Parmar
Director
2
General Information
Parmar Asset Management Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is 31 Constance Avenue, West Bromwich,, B70 6ED. The nature of the company's operations and its principal activity was that of a holding company.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 August each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the periods presented, unless otherwise stated.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Investments

Cost Investments in group undertakings   Total
  £   £
At 29 March 2023  
Additions 200    200 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 200    200 

4.

Share Capital

Allotted, called up and fully paid
2024
£
10,000 Ordinary shares of £0.01 each 100 
5,000 A Ordinary shares of £0.01 each 50 
5,000 B Ordinary shares of £0.01 each 50 
1,800 C Ordinary shares of £0.01 each 18 
1,800 D Ordinary shares of £0.01 each 18 
2,800 E Ordinary shares of £0.01 each 28 
1,800 F Ordinary shares of £0.01 each 18 
1,800 G Ordinary shares of £0.01 each 18 
300 

3