REGISTERED NUMBER: 05907460 (England and Wales)

PARMAR PROPERTY DEVELOPMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr H S Parmar

Mrs S M Parmar

Mrs K Reynolds

SECRETARY:

Mrs S M Parmar

REGISTERED OFFICE:

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

REGISTERED NUMBER:

05907460 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Investment property

4

900,000

-

CURRENT ASSETS

Stocks

-

769,018

Debtors

5

857

578

Cash at bank

11,844

8,772

12,701

778,368

CREDITORS

Amounts falling due within one year

6

595,112

597,399

NET CURRENT (LIABILITIES)/ASSETS

(582,411

)

180,969

TOTAL ASSETS LESS CURRENT LIABILITIES

317,589

180,969

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

316,589

179,969

317,589

180,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2026 and were signed on its behalf by:

Mr H S Parmar - Director

Mrs S M Parmar - Director

Mrs K Reynolds - Director

1.	STATUTORY INFORMATION

Parmar Property Development Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 05907460.

The company's registered office address is 43-45 Devizes Road, Swindon, Wiltshire SN1 4BG.

The presentation currency of the financial statements is GBP £ 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks represents properties acquired for development and resale and are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

130,982

Reclassification/transfer

769,018

At 31st March 2026

900,000

NET BOOK VALUE

At 31st March 2026

900,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2026

130,982

Cost

769,018

900,000

The property was originally purchased to develop and resell. Subsequently, the directors decided to retain the property and continue renting the property for the foreseeable future. Therefore, the property has been reclassified from stock to investment property.

The directors have reviewed the market value of the property and revalued this in the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

857

578

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

3,025

4,602

Other creditors

592,087

592,797

595,112

597,399

7.

RESERVES

Included in retained earnings is non distributable profit of £130,982 (2025: £nil) relating to the revaluation of the property.