Registered number
12768619
Parishal Assets Limited
Filleted Accounts
31 July 2024
Parishal Assets Limited
Registered number: 12768619
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,719 4,959
Investment property 4 1,423,601 1,030,719
1,427,320 1,035,678
Current assets
Cash at bank and in hand 97,982 243,940
Creditors: amounts falling due within one year 5 (664,756) (544,791)
Net current liabilities (566,774) (300,851)
Total assets less current liabilities 860,546 734,827
Creditors: amounts falling due after more than one year 6 (949,344) (762,882)
Net liabilities (88,798) (28,055)
Capital and reserves
Called up share capital 2 2
Profit and loss account (88,800) (28,057)
Shareholders' funds (88,798) (28,055)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Mane
Director
Approved by the board on 29 June 2025
Parishal Assets Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing balance basis
Investment property
Investment property which is property held to earn rentals and / or capital appreciation, is initially recognies at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporing end date.Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 August 2023 8,815
At 31 July 2024 8,815
Depreciation
At 1 August 2023 3,856
Charge for the year 1,240
At 31 July 2024 5,096
Net book value
At 31 July 2024 3,719
At 31 July 2023 4,959
4 Investment property
Other
investments
£
Cost
At 1 August 2023 1,030,719
Additions 392,882
At 31 July 2024 1,423,601
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 263
Other creditors 664,756 544,528
664,756 544,791
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 949,344 762,882
7 Other information
Parishal Assets Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Clovelly Spur
Slough
United Kingdom
SL2 2DL
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