Registration number: 09331451

Parava Ltd

trading as Kafenion

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Parava Ltd

trading as Kafenion

Company Information

Directors

Mr R S Hackley Mrs T V P Hackley

Company secretary

Mr R S Hackley

Registered office

Unit 16, Stirchley Trading Estate Hazelwell Road Birmingham B30 2PF

Accountants

TKO Accountants Ltd 26 York Street Harborne Birmingham B17 0HG

Parava Ltd

trading as Kafenion

(Registration number: 09331451)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	14,422	24,040
Current assets
Stocks	5	4,379	-
Debtors	6	227,334	212,800
Cash at bank and in hand		64,891	103,851
		296,604	316,651
Creditors: Amounts falling due within one year	7	(61,516)	(81,760)
Net current assets		235,088	234,891
Total assets less current liabilities		249,510	258,931
Creditors: Amounts falling due after more than one year	7	(20,833)	(30,833)
Net assets		228,677	228,098
Capital and reserves
Called up share capital	8	50	50
Retained earnings		228,627	228,048
Shareholders' funds		228,677	228,098

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Parava Ltd

trading as Kafenion

(Registration number: 09331451)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:
 

......................................... Mr R S Hackley Company secretary and director

Parava Ltd

trading as Kafenion

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 16, Stirchley Trading Estate
Hazelwell Road
Birmingham
B30 2PF

These financial statements were authorised for issue by the Board on 21 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Parava Ltd

trading as Kafenion

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	25% straight line
Plant & machinery	25% straight line
Fixtures & fittings	25% straight line
Office equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Parava Ltd

trading as Kafenion

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Parava Ltd

trading as Kafenion

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 25).

Parava Ltd

trading as Kafenion

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	17,597	82,602	48,398	148,597
Additions	-	7,942	5,550	13,492
At 31 December 2024	17,597	90,544	53,948	162,089
Depreciation
At 1 January 2024	17,597	64,757	42,203	124,557
Charge for the year	-	16,146	6,964	23,110
At 31 December 2024	17,597	80,903	49,167	147,667
Carrying amount
At 31 December 2024	-	9,641	4,781	14,422
At 31 December 2023	-	17,845	6,195	24,040

5

Stocks

	2024 £	2023 £
Other inventories	4,379	-

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		1,078	8,881
Amounts owed by related parties	11	218,835	196,799
Other debtors		7,421	7,120
		227,334	212,800

Parava Ltd

trading as Kafenion

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	14,603	19,241
Taxation and social security	46,842	61,891
Other creditors	71	628
	61,516	81,760

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	20,833	30,833

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
A Ordinary Shares of £0.50 each	50	25	50	25
B Ordinary Shares of £0.50 each	50	25	50	25
	100	50	100	50

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	20,833	30,833