PARAGON HOMES LIMITED

PARAGON HOMES LIMITED

PARAGON HOMES LIMITED - Company Information

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1 March 2020 false No description of principal activity Taxfiler 2020.17.1 05712626business:PrivateLimitedCompanyLtd2020-03-012021-02-28 057126262020-02-29 057126262020-03-012021-02-28 05712626business:AuditExemptWithAccountantsReport2020-03-012021-02-28 05712626business:FullAccounts2020-03-012021-02-28 057126262021-02-28 05712626business:Director12020-03-012021-02-28 05712626business:RegisteredOffice2020-03-012021-02-28 057126262020-02-29 05712626core:WithinOneYear2021-02-28 05712626core:WithinOneYear2020-02-29 05712626core:AfterOneYear2021-02-28 05712626core:AfterOneYear2020-02-29 05712626core:ShareCapital2021-02-28 05712626core:ShareCapital2020-02-29 05712626core:RetainedEarningsAccumulatedLosses2021-02-28 05712626core:RetainedEarningsAccumulatedLosses2020-02-29 05712626business:SmallEntities2020-03-012021-02-28 05712626countries:EnglandWales2020-03-012021-02-28 05712626core:PlantMachinery2020-03-012021-02-28 05712626core:FurnitureFittings2020-03-012021-02-28 05712626core:ComputerEquipment2020-03-012021-02-28 05712626core:PlantMachinery2020-02-29 05712626core:FurnitureFittings2020-02-29 05712626core:ComputerEquipment2020-02-29 05712626core:PlantMachinery2021-02-28 05712626core:FurnitureFittings2021-02-28 05712626core:ComputerEquipment2021-02-28 05712626business:Director112020-03-012021-02-28 05712626business:Director112020-02-29 05712626business:Director112021-02-28 057126262019-03-012020-02-29 iso4217:GBP xbrli:pure
Company Registration No. 05712626 (England and Wales)
PARAGON HOMES LIMITED Unaudited accounts for the year ended 28 February 2021
PARAGON HOMES LIMITED Unaudited accounts Contents
Page
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PARAGON HOMES LIMITED Company Information for the year ended 28 February 2021
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 28 February 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
836 
2,785 
Current assets
Inventories
240,000 
270,342 
Debtors
5
12,696 
18,337 
Cash at bank and in hand
89,216 
240,611 
341,912 
529,290 
Creditors: amounts falling due within one year
6
(132,972)
(754,137)
Net current assets/(liabilities)
208,940 
(224,847)
Total assets less current liabilities
209,776 
(222,062)
Creditors: amounts falling due after more than one year
7
(240,000)
(240,000)
Net liabilities
(30,224)
(462,062)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(30,424)
(462,262)
Shareholders' funds
(30,224)
(462,062)
For the year ending 28 February 2021 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 23 March 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 28 February 2021
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 2020
14,382 
8,550 
2,339 
25,271 
Disposals
(2,764)
(2,731)
- 
(5,495)
At 28 February 2021
11,618 
5,819 
2,339 
19,776 
Depreciation
At 1 March 2020
12,932 
7,404 
2,150 
22,486 
Charge for the year
187 
90 
185 
462 
On disposals
(2,064)
(1,944)
- 
(4,008)
At 28 February 2021
11,055 
5,550 
2,335 
18,940 
Net book value
At 28 February 2021
563 
269 
4 
836 
At 29 February 2020
1,450 
1,146 
189 
2,785 
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PARAGON HOMES LIMITED Notes to the Accounts for the year ended 28 February 2021
5
Debtors
2021 
2020 
£ 
£ 
Less than one year
VAT
5,963 
11,734 
Other debtors
6,733 
6,603 
Total debtors less than one year
12,696 
18,337 
Total debtors
12,696 
18,337 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
- 
574,247 
Trade creditors
10,660 
48,789 
Taxes and social security
(741)
4,651 
Other creditors
119,796 
120,718 
Loans from directors
3,257 
5,732 
132,972 
754,137 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Other creditors
240,000 
240,000 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Richard Neil Swift
Richard Neil Swift
(5,732)
2,475 
- 
(3,257)
(5,732)
2,475 
- 
(3,257)
9
Average number of employees
During the year the average number of employees was 4 (2020: 6).
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