1.
General Information
PARIDYN PROPERTIES LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
08133389
. The registered office is Woodside Cottage, 2 Cromer Hyde Lane, Lemsford, Herts, AL8 7XE.
The financial statements are presented in Sterling, which is the functional currency of the company.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Revenue represents fair value of rent and service charges receivable excluding Value Added Tax having regard to the fulfilment of contractual obligations.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
|
2.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
PARIDYN PROPERTIES LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2026
4.
Tangible Assets
| Investment Properties | Fixtures & Fittings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost or Valuation | |||
| As at 1 August 2025 |
|
|
|
| Disposals |
( |
( |
( |
| Revaluation |
( |
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( |
| As at 31 July 2026 |
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| Depreciation | |||
| As at 1 August 2025 |
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| Disposals |
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( |
( |
| As at 31 July 2026 |
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| Net Book Value | |||
| As at 31 July 2026 |
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| As at 1 August 2025 |
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5.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Directors' loan accounts |
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| Owed by Paridyn Ltd |
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6.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Loan from Paridyn Ltd | - |
|
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| Corporation tax |
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| Other taxes and social security | - |
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| Accruals and deferred income |
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7.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 August 2025 |
|
22,000 |
| Utilised |
( |
(22,000) |
PARIDYN PROPERTIES LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2026
9.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Advanced to Directors J G and C R Gardner £76 (2025: £4,785)
The above loan is unsecured, interest free and repayable on demand.
10.
Related Party Transactions
Paridyn Properties Ltd shares directors with Paridyn Ltd.
Loan positions at 31st July 2026 were as follows:
Owed by Paridyn Ltd £18,413 (2025: £159,282 was owed to Paridyn Ltd)
The loans are interest-free and repayable on demand.
11.
Exceptional Items
|
2026
|
2025
|
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|
£
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£
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Profit on disposal of assets
|
124,928
|
139,597
|
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12.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is
Paridyn Ltd
.
Paridyn Ltd
was incorporated in England and Wales at
Woodside Cottage, 2 Cromer Hyde Lane, Lemsford, Herts AL8 7XE
. The ultimate controlling party is
Paridyn Ltd
who controls 100% of the shares of
PARIDYN PROPERTIES LIMITED
.
The parent company has taken advantage of the exemption to prepare Group accounts provided by Section 398 of the Companies Act 2006.