REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 March 2022 |
for |
Paramount Independent Property Services |
LLP |
REGISTERED NUMBER: |
Audited Financial Statements for the Year Ended 31 March 2022 |
for |
Paramount Independent Property Services |
LLP |
Paramount Independent Property Services |
LLP (Registered number: OC395930) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Paramount Independent Property Services |
LLP |
General Information |
for the Year Ended 31 March 2022 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
3 Sheen Road |
Richmond Upon Thames |
TW9 1AD |
Paramount Independent Property Services |
LLP (Registered number: OC395930) |
Balance Sheet |
31 March 2022 |
2022 | 2021 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
2,894,830 |
2,954,980 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
2,894,830 |
2,954,980 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
7 |
2,894,830 |
2,954,980 |
Paramount Independent Property Services |
LLP (Registered number: OC395930) |
Balance Sheet - continued |
31 March 2022 |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Paramount Independent Property Services |
LLP (Registered number: OC395930) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | STATUTORY INFORMATION |
Paramount Independent Property Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover 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 |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
Paramount Independent Property Services |
LLP (Registered number: OC395930) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2021 |
and 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
as | restated |
£ | £ |
Trade debtors | ( |
) |
Amounts owed by participating interests | 2,858,211 | 2,941,784 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
as | restated |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 1,253,138 | 1,748,461 |
Taxation and social security |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans due to other members rank ahead of other debts in the event of liquidation. |
Paramount Independent Property Services |
LLP (Registered number: OC395930) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
During the year various transactions occurred between the LLP and other entities under common control. These entities were Bulldog Properties (BP), Portal Financial Services LLP (PFS), Portal Investment News Ltd (PIN), Portafina Investment Management Ltd (PIM), Paramount Sales & Lettings Ltd (PSAL), Paramount Land & Development Ltd (PLAD), Paramount Foundation CIC (PFCIC), Brenna Properties Limited (BPL), Paramount Sales & Lettings Ltd Kent (PSALK) and Astamor LLP (AS). |
At the year end the LLP owed PIN £417,827 (2021: £5,290), BD £755,653 (2021: £1,706,730), AS £25,426 (£17,088), and PIM £54,232 (2021: £19,352). |
PLAD owed the LLP £2,495,938 (2021: £2,585,926), PSAL owed the LLP £350,419 (2021: £342,843), PFCIC owed the LLP £6,955 (2021: £8,491), BPL owed the LLP £4,524 (2021: £4,524) and PSALK owed the LLP £375 (2021: £nil). |