REGISTERED NUMBER: 13703483 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PARALLEL PROPERTY SW6 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Markou

Mrs G Markou

REGISTERED OFFICE:

8 Hurlingham Business Park

Sulivan Road

Fulham

London

SW6 3DU

REGISTERED NUMBER:

13703483 (England and Wales)

ACCOUNTANTS:

Xeinadin

1st Floor

Isabella House

12 Union Court

Richmond upon Thames

London

TW9 1AA

FIXED ASSETS

Property, plant and equipment

4

1,332,082

1,323,835

CURRENT ASSETS

Debtors

5

529

100

Cash at bank

780,816

327,203

781,345

327,303

CREDITORS

Amounts falling due within one year

6

(1,500,877

)

(1,040,743

)

NET CURRENT LIABILITIES

(719,532

)

(713,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

612,550

610,395

CREDITORS

Amounts falling due after more than one year

7

(618,375

)

(644,635

)

NET LIABILITIES

(5,825

)

(34,240

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,925

)

(34,340

)

(5,825

)

(34,240

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 May 2026 and were signed on its behalf by:

Mr C Markou - Director

1.	STATUTORY INFORMATION

Parallel Property SW6 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.

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

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

Tangible fixed assets

Depreciation is charged on a straight-line basis at the annual rate of 16.66%.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

property

£

COST

At 1 September 2024

1,323,835

Additions

9,896

At 31 August 2025

1,333,731

DEPRECIATION

Charge for year

1,649

At 31 August 2025

1,649

NET BOOK VALUE

At 31 August 2025

1,332,082

At 31 August 2024

1,323,835

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

100

100

Other debtors

429

-

529

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 8)

31,940

31,030

Amounts owed to group undertakings

1,468,880

1,009,545

Taxation and social security

57

168

1,500,877

1,040,743

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 8)

618,375

644,635

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

618,375

644,635

8.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

31,940

31,030

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

618,375

644,635

9.	RELATED PARTY DISCLOSURES

Parallel.net Limited is a limited company 100% held by the same shareholders as Parallel Property SW6 Ltd. A loan of £1,468,880.36 (2024 :1,009,545.47) was advanced to Parallel.net Limited.

Parallel Holdings SW6 Ltd is 100% held by Parallel Property SW6 Ltd. During the year a loan of £100

(2024 : 100) was advanced from Parallel Property SW6 Ltd.

Both loans are unsecured, interest free and no repayment terms have been agreed.