Pari Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08542733 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

PARI PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Salem

Miss T Salem

Mr L H Salem

Mr H H Salem

REGISTERED OFFICE:

42 Donne Place

London

SW3 2NH

REGISTERED NUMBER:

08542733 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investment property

4

9,700,000

10,400,000

CURRENT ASSETS

Debtors

5

219,885

29,961

Cash at bank

149,614

106,925

369,499

136,886

CREDITORS

Amounts falling due within one year

6

3,404,161

3,314,550

NET CURRENT LIABILITIES

(3,034,662

)

(3,177,664

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,665,338

7,222,336

CREDITORS

Amounts falling due after more than one year

7

2,188,923

2,150,000

NET ASSETS

4,476,415

5,072,336

CAPITAL AND RESERVES

Called up share capital

10

10,000

Share premium

4,850,000

Retained earnings

(383,585

)

212,336

SHAREHOLDERS' FUNDS

4,476,415

5,072,336

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

The members have not required the company to obtain an audit of its financial statements for the year 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 22 December 2025 and were signed on its behalf by:

Mr L H Salem - Director

1.	STATUTORY INFORMATION

Pari Properties Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross invoiced rents received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

10,400,000

Revaluations

(700,000

)

At 31 March 2025

9,700,000

NET BOOK VALUE

At 31 March 2025

9,700,000

At 31 March 2024

10,400,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(700,000

)

Cost

10,400,000

9,700,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

380

381

Amounts owed by participating interests

188,923

-

Other debtors

21,927

Prepayments and accrued income

8,655

7,653

219,885

29,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to participating interests

403,588

-

Tax

48,590

12,119

Rent deposits

23,900

22,167

Directors' current accounts

2,883,767

3,246,403

Accruals and deferred income

44,316

33,861

3,404,161

3,314,550

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans (see note 8)

2,188,923

2,150,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,188,923

2,150,000

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,188,923

2,150,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

2,188,923

2,150,000

Bank loans are secured by fixed and floating charges against investment properties to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2,409

A Ordinary

£1

2,409

B Ordinary

£1

2,409

4,218

C Ordinary

£1

4,218

964

D Ordinary

£1

964

10,000

11.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £2,883,767 (2024: £3,246,403), due and payable to the directors. The amount due is interest free and repayable on demand.

As at the balance sheet date, included in debtors due within one year is £188,923 (2024: nil) due and payable from Leo Ice Ventures Limited, a company under common control by the directors.

As at the balance sheet date, included in creditors due within one year is £253,588 (2024: nil) due and payable to Hari & Friends Limited, and £150,000 (2024:£ nil),due and payable to Tassie Hairdressers Limited, companies under common control by the directors.