Parallel House London Limited


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)

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.

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.

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