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Parallel House London Limited

Registered Number
12098406
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2025

Parallel House London Limited
Company Information
for the year from 1 August 2024 to 31 July 2025

Directors | Mandeep Singh Binning
| Antonis Demetri
| Antonis Theori
| Nicholas Theori

Registered Address | Nicholas Peters & Co, 10-12 Bourlet Close
| London
| W1W 7BR

Place of Business | Olive Tree Centre
| 472A Larkshall Road
| Higham's Park
| London
| E4 9HH

Registered Number | 12098406 (England and Wales)

Parallel House London Limited
Balance Sheet as at
31 July 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 25,035,126 |  |  |  | 25,046,537
Investments | 4 |  |  | 100 |  |  |  | -
|  |  |  | 25,035,226 |  |  |  | 25,046,537
Current assets |  |  |  |  |  |  |  |
Debtors | 5,6 | 8,036,317 |  |  |  | 8,279,243 |  |
Cash at bank and on hand |  | 5,023,902 |  |  |  | 38,935 |  |
|  | 13,060,219 |  |  |  | 8,318,178 |  |
Creditors amounts falling due within one year | 7 | (5,558,919) |  |  |  | (4,958,810) |  |
Net current assets (liabilities) |  |  |  | 7,501,300 |  |  |  | 3,359,368
Total assets less current liabilities |  |  |  | 32,536,526 |  |  |  | 28,405,905
Creditors amounts falling due after one year | 8 |  |  | (14,077,470) |  |  |  | (14,077,477)
Provisions for liabilities | 9 |  |  | (2,890,163) |  |  |  | (2,890,163)
Net assets |  |  |  | 15,568,893 |  |  |  | 11,438,265
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Revaluation reserve |  |  |  | 8,670,489 |  |  |  | 8,670,489
Profit and loss account |  |  |  | 6,898,304 |  |  |  | 2,767,676
Shareholders' funds |  |  |  | 15,568,893 |  |  |  | 11,438,265

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2025, and are signed on its behalf by:
Mandeep Singh Binning Director Registered Company No. 12098406

Parallel House London Limited
Notes to the Financial Statements
for the year ended 31 July 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| 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).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover represents the net value of the rent received as per rental agreements.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or revaluation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixture & Fittings 20% Straight Line Depreciation

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Investment property
--- | ---
| Investment Properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 August 24 | 25,012,304 |  | 57,055 |  | 25,069,359
| At 31 July 25 | 25,012,304 |  | 57,055 |  | 25,069,359
| Depreciation and impairment
| At 01 August 24 | - |  | 22,822 |  | 22,822
| Charge for year | - |  | 11,411 |  | 11,411
| At 31 July 25 | - |  | 34,233 |  | 34,233
| Net book value
| At 31 July 25 | 25,012,304 |  | 22,822 |  | 25,035,126
| At 31 July 24 | 25,012,304 |  | 34,233 |  | 25,046,537

| The valuation of properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date. The historical cost of the investment property is £13,451,653.

4. | Fixed asset investments
--- | ---

|  | Investments in groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 100 |  | 100
| At 31 July 25 | 100 |  | 100
| Net book value
| At 31 July 25 | 100 |  | 100
| At 31 July 24 | - |  | -

| Notes
--- | ---
| 1Investments in group undertakings and participating interests

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 192,008 |  | 5,195,141
| Other debtors | 2,758,454 |  | 2,796,723
| Prepayments and accrued income | 5,033,238 |  | 144,563
| Total | 7,983,700 |  | 8,136,427

6. | Debtors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | 52,617 |  | 142,816
| Total | 52,617 |  | 142,816

7. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 54,064 |  | 168,323
| Bank borrowings and overdrafts | 120,000 |  | 239,993
| Taxation and social security | 1,766,078 |  | 922,551
| Other creditors | 3,614,337 |  | 3,624,593
| Accrued liabilities and deferred income | 4,440 |  | 3,350
| Total | 5,558,919 |  | 4,958,810

8. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 14,077,470 |  | 14,077,477
| Total | 14,077,470 |  | 14,077,477

9. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 2,890,163 |  | 2,890,163
| Total | 2,890,163 |  | 2,890,163