Company Registration No. 05712626 (England and Wales)
PARAGON HOMES LIMITED
Unaudited accounts
for the year ended 28 February 2023
PARAGON HOMES LIMITED
Unaudited accounts
Contents
PARAGON HOMES LIMITED
Company Information
for the year ended 28 February 2023
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
PARAGON HOMES LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
7,386
11,346
Cash at bank and in hand
3,412
139,033
Creditors: amounts falling due within one year
(117,391)
(73,997)
Net current (liabilities)/assets
(76,402)
109,757
Total assets less current liabilities
(69,016)
121,103
Creditors: amounts falling due after more than one year
(45,467)
(50,000)
Net (liabilities)/assets
(114,483)
71,103
Called up share capital
200
200
Profit and loss account
(114,683)
70,903
Shareholders' funds
(114,483)
71,103
For the year ending 28 February 2023 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 14 November 2023 and were signed on its behalf by
Richard Neil Swift
Director
Company Registration No. 05712626
PARAGON HOMES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
11,618
10,500
5,819
6,587
34,524
Disposals
(11,489)
-
(5,498)
(1,518)
(18,505)
At 28 February 2023
129
10,500
321
5,069
16,019
At 1 March 2022
11,195
2,625
5,617
3,741
23,178
Charge for the year
4
1,969
8
1,402
3,383
On disposals
(11,081)
-
(5,329)
(1,518)
(17,928)
At 28 February 2023
118
4,594
296
3,625
8,633
At 28 February 2023
11
5,906
25
1,444
7,386
At 28 February 2022
423
7,875
202
2,846
11,346
PARAGON HOMES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
14,748
1,615
Taxes and social security
(169)
1,141
Other creditors
17,926
71,241
Loans from directors
84,886
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
