PARAGON HOMES LIMITED

PARAGON HOMES LIMITED

PARAGON HOMES LIMITED - Company Information

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1 March 2019 false No description of principal activity Taxfiler 2020.15.1 05712626business:PrivateLimitedCompanyLtd2019-03-012020-02-29 057126262019-02-28 057126262019-03-012020-02-29 05712626business:AuditExemptWithAccountantsReport2019-03-012020-02-29 05712626business:FullAccounts2019-03-012020-02-29 057126262020-02-29 05712626business:Director12019-03-012020-02-29 05712626business:RegisteredOffice2019-03-012020-02-29 057126262019-02-28 05712626core:WithinOneYear2020-02-29 05712626core:WithinOneYear2019-02-28 05712626core:AfterOneYear2020-02-29 05712626core:AfterOneYear2019-02-28 05712626core:ShareCapital2020-02-29 05712626core:ShareCapital2019-02-28 05712626core:RetainedEarningsAccumulatedLosses2020-02-29 05712626core:RetainedEarningsAccumulatedLosses2019-02-28 05712626business:SmallEntities2019-03-012020-02-29 05712626countries:EnglandWales2019-03-012020-02-29 05712626core:PlantMachinery2019-03-012020-02-29 05712626core:FurnitureFittings2019-03-012020-02-29 05712626core:ComputerEquipment2019-03-012020-02-29 05712626core:PlantMachinery2019-02-28 05712626core:FurnitureFittings2019-02-28 05712626core:ComputerEquipment2019-02-28 05712626core:PlantMachinery2020-02-29 05712626core:FurnitureFittings2020-02-29 05712626core:ComputerEquipment2020-02-29 05712626business:Director112019-03-012020-02-29 05712626business:Director112019-02-28 05712626business:Director112020-02-29 057126262018-03-012019-02-28 iso4217:GBP xbrli:pure
Company Registration No. 05712626 (England and Wales)
PARAGON HOMES LIMITED Unaudited accounts for the year ended 29 February 2020
PARAGON HOMES LIMITED Unaudited accounts Contents
Page
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PARAGON HOMES LIMITED Company Information for the year ended 29 February 2020
Director
Richard Neil Swift
Company Number
05712626 (England and Wales)
Registered Office
10A NETHERMOOR ROAD NEW TUPTON CHESTERFIELD DERBYSHIRE S42 6EF
Accountants
Hammond & Co 36 Chesterfield Road Market Street Staveley Derbyshire S43 3UT
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PARAGON HOMES LIMITED Statement of financial position as at 29 February 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,785 
3,890 
Current assets
Inventories
5
270,342 
859,114 
Debtors
6
18,337 
24,095 
Cash at bank and in hand
240,611 
25,086 
529,290 
908,295 
Creditors: amounts falling due within one year
7
(754,137)
(988,843)
Net current liabilities
(224,847)
(80,548)
Total assets less current liabilities
(222,062)
(76,658)
Creditors: amounts falling due after more than one year
8
(240,000)
(240,000)
Net liabilities
(462,062)
(316,658)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(462,262)
(316,858)
Shareholders' funds
(462,062)
(316,658)
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 February 2021 and were signed on its behalf by
Richard Neil Swift Director Company Registration No. 05712626
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PARAGON HOMES LIMITED Notes to the Accounts for the year ended 29 February 2020
1
Statutory information
PARAGON HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05712626. The registered office is 10A NETHERMOOR ROAD, NEW TUPTON, CHESTERFIELD, DERBYSHIRE, S42 6EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2019
14,382 
8,550 
2,339 
25,271 
At 29 February 2020
14,382 
8,550 
2,339 
25,271 
Depreciation
At 1 March 2019
12,449 
7,022 
1,910 
21,381 
Charge for the year
483 
382 
240 
1,105 
At 29 February 2020
12,932 
7,404 
2,150 
22,486 
Net book value
At 29 February 2020
1,450 
1,146 
189 
2,785 
At 28 February 2019
1,933 
1,528 
429 
3,890 
5
Inventories
2020 
2019 
£ 
£ 
Finished goods
270,342 
859,114 
270,342 
859,114 
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PARAGON HOMES LIMITED Notes to the Accounts for the year ended 29 February 2020
6
Debtors
2020 
2019 
£ 
£ 
VAT
11,734 
14,047 
Accrued income and prepayments
- 
2,479 
Other debtors
6,603 
7,569 
18,337 
24,095 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
574,247 
818,912 
Trade creditors
48,789 
58,536 
Taxes and social security
4,651 
5,309 
Other creditors
120,718 
100,000 
Loans from directors
5,732 
1,683 
Accruals
- 
4,403 
754,137 
988,843 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
240,000 
240,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Richard Neil Swift
Richard Neil Swift
(1,683)
- 
4,049 
(5,732)
(1,683)
- 
4,049 
(5,732)
10
Average number of employees
During the year the average number of employees was 6 (2019: 4).
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