Paragon Property Maintenance Ltd - Accounts

Paragon Property Maintenance Ltd - Accounts

PARAGON PROPERTY MAINTENANCE LTD - Company Information

Print Friendly Version

2022-02-01 2023-01-31 false Capium Accounts Production 1.1 08365668 bus:FullAccounts 2022-02-01 2023-01-31 08365668 bus:FRS102 2022-02-01 2023-01-31 08365668 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08365668 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08365668 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08365668 2022-02-01 2023-01-31 08365668 2023-01-31 08365668 bus:RegisteredOffice 2022-02-01 2023-01-31 08365668 core:WithinOneYear 2023-01-31 08365668 core:AfterOneYear 2023-01-31 08365668 bus:Director1 2022-02-01 2023-01-31 08365668 bus:Director1 2023-01-31 08365668 bus:Director1 2021-02-01 2022-01-31 08365668 2021-02-01 08365668 bus:CompanySecretary1 2022-02-01 2023-01-31 08365668 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 08365668 2021-02-01 2022-01-31 08365668 2022-01-31 08365668 core:WithinOneYear 2022-01-31 08365668 core:AfterOneYear 2022-01-31 08365668 bus:EntityAccountantsOrAuditors 2021-02-01 2022-01-31 08365668 core:PlantMachinery 2022-02-01 2023-01-31 08365668 core:PlantMachinery 2023-01-31 08365668 core:PlantMachinery 2022-01-31 08365668 core:MotorCars 2022-02-01 2023-01-31 08365668 core:MotorCars 2023-01-31 08365668 core:MotorCars 2022-01-31 08365668 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 08365668 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-01-31 08365668 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 08365668 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 08365668 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-01-31 08365668 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 08365668 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 08365668 core:Non-currentFinancialInstruments 2023-01-31 08365668 core:Non-currentFinancialInstruments 2022-01-31 08365668 core:ShareCapital 2023-01-31 08365668 core:ShareCapital 2022-01-31 08365668 core:RetainedEarningsAccumulatedLosses 2023-01-31 08365668 core:RetainedEarningsAccumulatedLosses 2022-01-31 08365668 dpl:Item1 2022-02-01 08365668 dpl:Item1 2023-01-31 08365668 dpl:Item1 2021-02-01 08365668 dpl:Item1 2022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08365668
England & Northern Ireland

 

 

 

PARAGON PROPERTY MAINTENANCE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

Paragon Property Maintenance Ltd
Contents Page
For the year ended 31 January 2023
Director Anthony M Kew
Registered Number 08365668
Registered Office 61a High Street South
Rushden
Northants
NN10 0RA
Accountants Denton Tavara Limited
61a High Street South
Rushden
NN10 0RA
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 January 2023.
Principal activities
Principal activity of the company during the financial year was of the repair and refurbishment of park homes.
Director
The director who served the company throughout the year was as follows:
Anthony M Kew
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Anthony M Kew
Director

Date approved: 01 September 2023
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 January 2023 . You have acknowledged, on the Statement of Financial Position , your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Denton Tavara Limited
61a High Street South
Rushden
NN10 0RA
01 September 2023
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 2,985    3,981 
2,985    3,981 
Current assets      
Stocks 4 25,000    12,250 
Debtors 5 0    1,200 
Cash at bank and in hand (8,174)   2,369 
16,826    15,819 
Creditors: amount falling due within one year 6 (48,537)   (46,082)
Net current liabilities (31,711)   (30,263)
 
Total assets less current liabilities (28,726)   (26,282)
Creditors: amount falling due after more than one year 7 (11,389)   (12,930)
Net liabilities (40,115)   (39,212)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (40,215)   (39,312)
Shareholder's funds (40,115)   (39,212)
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 01 September 2023 and were signed by:


-------------------------------
Anthony M Kew
Director
4
General Information
Paragon Property Maintenance Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 08365668, registration address 61a High Street South, Rushden, Northants, NN10 0RA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
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:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
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.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 February 2022 1,250    21,843    23,093 
Additions -    -    - 
Disposals -    -    - 
At 31 January 2023 1,250    21,843    23,093 
Depreciation
At 01 February 2022 1,156    17,956    19,112 
Charge for year 24    972    996 
On disposals -    -    - 
At 31 January 2023 1,180    18,928    20,108 
Net book values
Closing balance as at 31 January 2023 70    2,915    2,985 
Opening balance as at 01 February 2022 94    3,887    3,981 


4.

Stocks

2023
£		   2022
£
Closing Stocks and WIP 25,000    12,250 
25,000    12,250 

5.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors 0    1,200 
0    1,200 

6.

Creditors: amount falling due within one year

2023
£		   2022
£
Bank Loans & Overdrafts 3,333    4,459 
Accruals 650    650 
Other Creditors 0    0 
Directors' Current Accounts 44,554    40,973 
48,537    46,082 

7.

Creditors: amount falling due after more than one year

2023
£		   2022
£
Bank Loans and Overdrafts 11,389    12,930 
11,389    12,930 

5