REGISTERED NUMBER: 12189398 (England and Wales)

PARWAIZ AND FAMILY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Dr J Ogle

Mrs S Parwaiz

Dr Z Parwaiz

Dr R Parwaiz

REGISTERED OFFICE:

1a Desford Lane

Ratby

Leicester

Leicestershire

LE6 0LE

REGISTERED NUMBER:

12189398 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Investment property

4

4,348,970

4,102,442

CURRENT ASSETS

Debtors

5

28,937

219,377

Cash at bank

137,332

2,245

166,269

221,622

CREDITORS

Amounts falling due within one year

6

598,731

691,301

NET CURRENT LIABILITIES

(432,462

)

(469,679

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,916,508

3,632,763

CREDITORS

Amounts falling due after more than one year

7

4,438,764

4,089,327

NET LIABILITIES

(522,256

)

(456,564

)

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

(522,260

)

(456,568

)

SHAREHOLDERS' FUNDS

(522,256

)

(456,564

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Dr J Ogle - Director

1.	STATUTORY INFORMATION

Parwaiz And Family Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

Whilst the company has negative shareholder funds, the accounts have been prepared on a going concern basis as the shareholders have provided sufficient finance to meet the financial needs of the Company. The shareholders have indicated that they are not looking to withdraw these funds in the next twelve months. On this basis, it is considered the company can continue to trade.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2023

4,102,442

Additions

511,615

Grants

(265,087

)

At 31 March 2025

4,348,970

NET BOOK VALUE

At 31 March 2025

4,348,970

At 30 September 2023

4,102,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

10,158

-

Other debtors

18,779

219,377

28,937

219,377

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

68,378

-

Trade creditors

1,274

294,630

Taxation and social security

100

100

Other creditors

528,979

396,571

598,731

691,301

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans

3,533,774

3,089,327

Other creditors

904,990

1,000,000

4,438,764

4,089,327

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,903,250

2,317,578

Repayable by instalments

Bank loans more 5 yr by instal

357,013

771,749

Other loans more 5yrs instal

744,990

1,000,000

1,102,003

1,771,749

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

£

4

Ordinary

£1

4

4

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the directors £243,166 (2023 - £280,334).

The loans from the directors are unsecured, interest free and repayable on demand.