Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312025-05-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity3333falsetruefalse 08434810 2024-04-01 2025-03-31 08434810 2023-04-01 2024-03-31 08434810 2025-03-31 08434810 2024-03-31 08434810 c:Director1 2024-04-01 2025-03-31 08434810 d:PlantMachinery 2024-04-01 2025-03-31 08434810 d:PlantMachinery 2025-03-31 08434810 d:PlantMachinery 2024-03-31 08434810 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08434810 d:ComputerEquipment 2024-04-01 2025-03-31 08434810 d:ComputerEquipment 2025-03-31 08434810 d:ComputerEquipment 2024-03-31 08434810 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08434810 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08434810 d:ComputerSoftware 2024-04-01 2025-03-31 08434810 d:ComputerSoftware 2025-03-31 08434810 d:ComputerSoftware 2024-03-31 08434810 d:CurrentFinancialInstruments 2025-03-31 08434810 d:CurrentFinancialInstruments 2024-03-31 08434810 d:Non-currentFinancialInstruments 2025-03-31 08434810 d:Non-currentFinancialInstruments 2024-03-31 08434810 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08434810 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08434810 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 08434810 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08434810 d:ShareCapital 2025-03-31 08434810 d:ShareCapital 2024-03-31 08434810 d:SharePremium 2025-03-31 08434810 d:SharePremium 2024-03-31 08434810 d:RetainedEarningsAccumulatedLosses 2025-03-31 08434810 d:RetainedEarningsAccumulatedLosses 2024-03-31 08434810 c:FRS102 2024-04-01 2025-03-31 08434810 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08434810 c:FullAccounts 2024-04-01 2025-03-31 08434810 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08434810 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2024-04-01 2025-03-31 08434810 2 2024-04-01 2025-03-31 08434810 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 08434810 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 08434810













PARIM LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


 
PARIM LIMITED
REGISTERED NUMBER:08434810


BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,409,690
2,554,674

Tangible assets
 5 
4,868
12,793

  
3,414,558
2,567,467

Current assets
  

Debtors: amounts falling due within one year
 6 
243,892
299,230

Cash at bank and in hand
  
19,670
146,413

  
263,562
445,643

Creditors: amounts falling due within one year
 7 
(1,353,655)
(1,161,486)

Net current liabilities
  
 
 
(1,090,093)
 
 
(715,843)

Total assets less current liabilities
  
2,324,465
1,851,624

Creditors: amounts falling due after more than one year
 8 
(459,439)
(537,975)

  

Net assets
  
1,865,026
1,313,649


Capital and reserves
  

Called up share capital 
  
120,000
120,000

Share premium account
  
200,000
200,000

Profit and loss account
  
1,545,026
993,649

  
1,865,026
1,313,649


Page 1


 
PARIM LIMITED
REGISTERED NUMBER:08434810

    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 by: 




Riko Muttik
Director

Date: 29 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Parim Limited is a private company, limited by shares, registered in England and Wales, registration number 08434810. The registered office is Harwood House, 43 Harwood Road, London, England, SW6 4QP.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight line and reducing balance methods.

Depreciation is provided on the following basis:

Plant and machinery
-
30%
& 33%
Computer equipment
-
30%
& 33%

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured,initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2024 - 33).

Page 6


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Computer software

£



Cost


At 1 April 2024
3,145,610


Additions - internal
1,581,499


Disposals
(276,302)



At 31 March 2025

4,450,807



Amortisation


At 1 April 2024
590,935


Charge for the year on owned assets
627,436


On disposals
(177,254)



At 31 March 2025

1,041,117



Net book value



At 31 March 2025
3,409,690



At 31 March 2024
2,554,675



Page 7


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
8,020
23,217
31,237


Additions
1,239
-
1,239


Disposals
(754)
(4,919)
(5,673)



At 31 March 2025

8,505
18,298
26,803



Depreciation


At 1 April 2024
4,884
13,559
18,443


Charge for the year on owned assets
2,086
1,406
3,492



At 31 March 2025

6,970
14,965
21,935



Net book value



At 31 March 2025
1,535
3,333
4,868



At 31 March 2024
3,135
9,658
12,793


6.


Debtors

2025
2024
£
£


Trade debtors
4,134
2,239

Other debtors
237,496
275,399

Prepayments and accrued income
2,262
21,592

243,892
299,230


Page 8


 
PARIM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: amounts falling due within one year

2025
2024
£
£

Bank loans
10,000
10,000

Other loans
568,666
573,830

Trade creditors
317,531
195,187

Other taxation and social security
267,535
156,080

Other creditors
17,903
6,162

Accruals and deferred income
172,020
220,227

1,353,655
1,161,486



8.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans
2,236
20,412

Other loans
60,939
271,169

Other creditors
396,264
246,394

459,439
537,975


 
Page 9