Paramount Homes (Cheltenham) Limited |
Registered Number:05706865 |
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
Paramount Homes (Cheltenham) Limited
Statement of Financial Position
2019
2020
Property, plant and equipment |
11,664
14,579
2
11,664
14,579
923,643
469,300
3
Trade and other receivables |
1,482
-
4
8,973
Cash and cash equivalents |
120,915
590,215
934,098
Trade and other payables: amounts falling due within one |
year |
(441,449)
(91,948)
5
492,649
498,267
Net current assets
Total assets less current liabilities |
509,931
507,228
(3,640)
(3,940)
Provisions for liabilities |
506,291
Net assets
503,288
1
1
506,290
503,287
506,291
503,288
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Robert Ian McGrath Director |
These financial statements were approved and authorised for issue by the Board on 14 April 2020 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2020
Paramount Homes (Cheltenham) Limited
Notes to the Financial Statements
Statutory Information
Paramount Homes (Cheltenham) Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 05706865. |
Cornerways
Daisybank Road, Leckhampton
Cheltenham
Gloucestershire
GL53 9QQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 31 March 2020
Paramount Homes (Cheltenham) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
36,992
1,677
178
35,137
35,137
178
1,677
36,992
Provision for depreciation and impairment |
22,413
565
63
21,785
Charge for year
2,915
222
23
2,670
25,328
787
86
24,455
10,682
92
890
11,664
13,352
115
1,112
14,579
2019
2020
469,300
923,643
4. Trade and other receivables |
2019
2020
-
1,482
5. Trade and other payables: amounts falling due within one year |
2019
2020
Bank loans and overdraft (secured) |
-
382,425
68,588
52,283
Taxation and social security |
7,200
6,741
16,160
-
91,948
441,449
6. Average number of persons employed |
During the year the average number of employees was 1 (2019 : 1)
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