Company registration number 00814327 (England and Wales)
PAROVINE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
PAROVINE PROPERTIES LIMITED
COMPANY INFORMATION
Directors
D B Melen
J C Melen
J A Melen
Secretary
D B Melen
Company number
00814327
Registered office
12 Brogden Terrace
Sale
Cheshire
M33 7UF
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
PAROVINE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
PAROVINE PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,500
-
0
Tangible assets
4
11,817
8,160
Investment property
5
1,805,000
2,170,000
1,818,317
2,178,160
Current assets
Debtors
6
12,570
7,942
Cash at bank and in hand
230,805
79,033
243,375
86,975
Creditors: amounts falling due within one year
7
(60,304)
(38,920)
Net current assets
183,071
48,055
Total assets less current liabilities
2,001,388
2,226,215
Creditors: amounts falling due after more than one year
8
(187,500)
(225,000)
Provisions for liabilities
(378,405)
(457,480)
Net assets
1,435,483
1,543,735
Capital and reserves
Called up share capital
10
300
300
Other reserves
1,126,352
1,386,286
Profit and loss reserves
308,831
157,149
Total equity
1,435,483
1,543,735
PAROVINE PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 July 2026 and are signed on its behalf by:
D B Melen
J A Melen
Director
Director
Company registration number 00814327 (England and Wales)
PAROVINE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Parovine Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Brogden Terrace, Sale, Cheshire, M33 7UF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis where specified in the accounting policies below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, being rental services and is shown net of VAT and other sales related taxes. T he fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue in respect to rent from investment properties is recognised on a straight-line basis over the term of the associated lease

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
25% Straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% Reducing balance
Computers
15% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

PAROVINE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash, together with basic financial liabilities, including creditors, are initially recognised at transaction cos and not amortised as they are either recoverable or payable within one year.

Creditors payable after one year constitutes a commercial business loan with a market rate of interest being applied. This is recognised in full.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

PAROVINE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
3
3
Intangible fixed assets
Other
£
Cost
At 1 April 2025
-
0
Additions
1,500
At 31 March 2026
1,500
Amortisation and impairment
At 1 April 2025 and 31 March 2026
-
0
Carrying amount
At 31 March 2026
1,500
At 31 March 2025
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
71,060
Additions
4,926
At 31 March 2026
75,986
Depreciation and impairment
At 1 April 2025
62,900
Depreciation charged in the year
1,269
At 31 March 2026
64,169
Carrying amount
At 31 March 2026
11,817
At 31 March 2025
8,160
PAROVINE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
5
Investment property
2026
£
Fair value
At 1 April 2025
2,170,000
Additions
43,459
Disposals
(420,000)
Revaluations
11,541
At 31 March 2026
1,805,000

The valuations of investment properties were made on the 31 March 202 6 by the directors, on an open market basis. No depreciation is provided in respect of these properties.

If investment properties were stated on a historical basis rather than a fair value basis, the properties would have been included at an original cost and improvements of £303,197(202 5: £321,619).

The company's bank loan is secured by a charge against a selection of the company's investment properties. As at the 3 1 March 2026, the total value of secured loans was £187,500 (202 5: £225,000).

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,615
1,822
Other debtors
10,955
6,120
12,570
7,942
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
12,628
4,494
Corporation tax
23,675
-
0
Other creditors
24,001
34,426
60,304
38,920
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
187,500
225,000
9
Related party transactions

As at 31 March 202 6, the company owed Billerflax Limited, a related party £9,000 (202 5: £21,942).

PAROVINE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
10
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
300
300
300
300
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