5 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-16 Sage Accounts Production Advanced 2023 - FRS102_2023 1,785,362 1,785,362 1,785,362 xbrli:pure xbrli:shares iso4217:GBP 15568611 2024-03-16 2025-03-31 15568611 2025-03-31 15568611 2024-03-15 15568611 bus:OrdinaryShareClass1 2024-03-16 2025-03-31 15568611 bus:Director3 2024-03-16 2025-03-31 15568611 core:WithinOneYear 2025-03-31 15568611 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-16 2025-03-31 15568611 core:ShareCapital 2025-03-31 15568611 core:RetainedEarningsAccumulatedLosses 2025-03-31 15568611 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 15568611 bus:SmallEntities 2024-03-16 2025-03-31 15568611 bus:AuditExemptWithAccountantsReport 2024-03-16 2025-03-31 15568611 bus:SmallCompaniesRegimeForAccounts 2024-03-16 2025-03-31 15568611 bus:PrivateLimitedCompanyLtd 2024-03-16 2025-03-31 15568611 bus:FullAccounts 2024-03-16 2025-03-31 15568611 bus:OrdinaryShareClass1 2025-03-31 15568611 core:OtherRelatedParties 2024-03-16 2025-03-31
COMPANY REGISTRATION NUMBER: 15568611
Parikh Capital Investment Limited
Filleted Unaudited Financial Statements
Period ended
31 March 2025
Parikh Capital Investment Limited
Financial Statements
Period from 16 March 2024 to 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Parikh Capital Investment Limited
Statement of Financial Position
31 March 2025
31 Mar 25
Note
£
£
Fixed assets
Tangible assets
5
1,785,362
Current assets
Cash at bank and in hand
416,770
Creditors: amounts falling due within one year
6
2,207,147
------------
Net current liabilities
1,790,377
------------
Total assets less current liabilities
( 5,015)
-------
Net liabilities
( 5,015)
-------
Capital and reserves
Called up share capital
7
100
Profit and loss account
( 5,115)
-------
Shareholders deficit
( 5,015)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
Mr R Parikh
Director
Company registration number: 15568611
Parikh Capital Investment Limited
Notes to the Financial Statements
Period from 16 March 2024 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Lister Tye, Chelmsford, Essex, CM2 9LS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the directors. The directors have indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore the directors consider the going concern basis is appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities of equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 5 .
5. Tangible assets
Investment property
£
Cost
At 16 March 2024
Additions
1,785,362
------------
At 31 March 2025
1,785,362
------------
Depreciation
At 16 March 2024 and 31 March 2025
------------
Carrying amount
At 31 March 2025
1,785,362
------------
6. Creditors: amounts falling due within one year
31 Mar 25
£
Accruals and deferred income
1,440
Social security and other taxes
3,210
Director loan accounts
2,201,148
Other creditors
1,349
------------
2,207,147
------------
7. Called up share capital
Issued, called up and fully paid
31 Mar 25
No.
£
Ordinary shares of £ 1 each
100
100
----
----
On incorporation 100 ordinary shares were issued and paid for at a value of £1 per share.
8. Related party transactions
At the balance sheet date the company owed the directors £2,201,148 in the form of a loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand.