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REGISTERED NUMBER: 07303748 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Paras Financial Solutions Limited

Paras Financial Solutions Limited (Registered number: 07303748)






Contents of the Abbreviated Accounts
for the year ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Paras Financial Solutions Limited

Company Information
for the year ended 31 July 2016







DIRECTOR: R Sohal





SECRETARY: Mrs P Sohal





REGISTERED OFFICE: 10-11 Heathfield Terrace
London
W4 4JE





REGISTERED NUMBER: 07303748 (England and Wales)





ACCOUNTANTS: WILSHERS & CO
10-11 Heathfield Terrace
London
W4 4JE

Paras Financial Solutions Limited (Registered number: 07303748)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2 792
Investment property 3 316,095 316,095
316,097 316,887

CURRENT ASSETS
Debtors 374,414 257,444
Investments 5,000 5,000
Cash at bank 3 21,983
379,417 284,427
CREDITORS
Amounts falling due within one year 479,004 410,510
NET CURRENT LIABILITIES (99,587 ) (126,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,510

190,804

CREDITORS
Amounts falling due after more than one
year

143,657

6,203
NET ASSETS 72,853 184,601

CAPITAL AND RESERVES
Called up share capital 4 2 2
Retained earnings realised 72,851 184,599
SHAREHOLDERS' FUNDS 72,853 184,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Paras Financial Solutions Limited (Registered number: 07303748)

Abbreviated Balance Sheet - continued
31 July 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 14 November 2017 and were signed by:





R Sohal - Director


Paras Financial Solutions Limited (Registered number: 07303748)

Notes to the Abbreviated Accounts
for the year ended 31 July 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 11,134
DEPRECIATION
At 1 August 2015 10,342
Charge for year 790
At 31 July 2016 11,132
NET BOOK VALUE
At 31 July 2016 2
At 31 July 2015 792

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 August 2015
and 31 July 2016 316,095
NET BOOK VALUE
At 31 July 2016 316,095
At 31 July 2015 316,095

Paras Financial Solutions Limited (Registered number: 07303748)

Notes to the Abbreviated Accounts - continued
for the year ended 31 July 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2