Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04100565 2023-12-01 2024-11-30 04100565 2022-12-01 2023-11-30 04100565 2024-11-30 04100565 2023-11-30 04100565 c:Director3 2023-12-01 2024-11-30 04100565 c:Director4 2023-12-01 2024-11-30 04100565 d:LeaseholdInvestmentProperty 2023-12-01 2024-11-30 04100565 d:LeaseholdInvestmentProperty 2024-11-30 04100565 d:LeaseholdInvestmentProperty 2023-11-30 04100565 d:CurrentFinancialInstruments 2024-11-30 04100565 d:CurrentFinancialInstruments 2023-11-30 04100565 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04100565 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04100565 d:ShareCapital 2024-11-30 04100565 d:ShareCapital 2023-11-30 04100565 d:OtherMiscellaneousReserve 2023-12-01 2024-11-30 04100565 d:OtherMiscellaneousReserve 2024-11-30 04100565 d:OtherMiscellaneousReserve 2023-11-30 04100565 d:RetainedEarningsAccumulatedLosses 2024-11-30 04100565 d:RetainedEarningsAccumulatedLosses 2023-11-30 04100565 c:FRS102 2023-12-01 2024-11-30 04100565 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04100565 c:FullAccounts 2023-12-01 2024-11-30 04100565 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04100565 2 2023-12-01 2024-11-30 04100565 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 04100565










PAROS PROPERTY & INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
PAROS PROPERTY & INVESTMENTS LIMITED
REGISTERED NUMBER: 04100565

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
852,957
945,000

  
852,957
945,000

Current assets
  

Debtors: amounts falling due within one year
 5 
103,270
390

Current asset investments
  
18,000
-

Cash at bank and in hand
 7 
7,865
53,949

  
129,135
54,339

Creditors: amounts falling due within one year
 8 
(96,375)
(286,589)

Net current assets/(liabilities)
  
 
 
32,760
 
 
(232,250)

Total assets less current liabilities
  
885,717
712,750

  

Net assets
  
885,717
712,750


Capital and reserves
  

Called up share capital 
  
4
4

Other reserves
 9 
76,283
92,469

Profit and loss account
 9 
809,430
620,277

  
885,717
712,750


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




R Hales
S M Hales
Director
Director

Page 1

 
PAROS PROPERTY & INVESTMENTS LIMITED
REGISTERED NUMBER: 04100565

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PAROS PROPERTY & INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Paros Property and Investments Limited is a private company limited by shares and incorporated in England. Its registerd office is 4 Chester Court, Chester Hall Lane, Basildon, SS14 3WR.
Its principal place of business is Highgate, Lower Road, Hockley, SS5 5NL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
PAROS PROPERTY & INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 December 2023
945,000


Additions at cost
157,957


Disposals
(250,000)



At 30 November 2024
852,957

The 2024 valuations were made by by the directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Other debtors
103,000
-

Prepayments and accrued income
270
390

103,270
390

Page 4

 
PAROS PROPERTY & INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.Debtors (continued)



6.


Current asset investments

2024
2023
£
£

Unlisted investments
18,000
-

18,000
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,865
53,949

7,865
53,949



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
16,782
14,753

Other creditors
75,163
265,831

Accruals and deferred income
4,430
6,005

96,375
286,589



9.


Reserves

Other reserves

Relates to the fair value adjustment of the investment properties, net of potential deferred tax thereon, which is undistributable.

Page 5

 
PAROS PROPERTY & INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.


Related party transactions

During the year the company received loans from the following companies of which the directors are also directors:
      Loan   Balance at 30/11/24
S.H.A.R.P. Commercial Ltd  £100,000  £ 50,000
S.H.A.R.P. (South East) Ltd  £100,000  £ nil
The company also made a loan to the following companies of which the directors are also directors
                                                         Loan                      Balance at 30/11/24
SSHR Limited                                     £103,000                 £ 103,000
 


Page 6