| Paramount Homes (Cheltenham) Limited |
| Registered Number:05706865 |
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
Paramount Homes (Cheltenham) Limited
Statement of Financial Position
2021
2022
| Property, plant and equipment |
7,467
9,332
2
7,467
9,332
256,259
-
3
| Trade and other receivables |
13,003
3,161
4
360,094
| Cash and cash equivalents |
800,920
804,081
629,356
| Trade and other payables: amounts falling due within one |
| year |
(120,462)
(77,703)
5
508,894
726,378
Net current assets
| Total assets less current liabilities |
733,845
518,226
(3,221)
(3,405)
| Provisions for liabilities |
730,624
Net assets
514,821
1
1
730,623
514,820
730,624
514,821
Shareholders' funds
| For the year ended 31 March 2022 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 2022 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 09 May 2022 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2022
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
Fixtures and fittings
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 2022
Paramount Homes (Cheltenham) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
36,992
1,677
178
35,137
35,137
178
1,677
36,992
| Provision for depreciation and impairment |
27,660
965
104
26,591
Charge for year
1,865
142
14
1,709
29,525
1,107
118
28,300
6,837
60
570
7,467
8,546
74
712
9,332
2021
2022
-
256,259
| 4. Trade and other receivables |
2021
2022
3,161
-
-
13,003
13,003
3,161
| 5. Trade and other payables: amounts falling due within one year |
2021
2022
-
84,016
| Taxation and social security |
57,598
10,342
20,105
26,104
77,703
120,462
| 6. Average number of persons employed |
During the year the average number of employees was 1 (2021 : 1)
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