Abbreviated Company Accounts - PARADIGM DEVELOPMENTS & PROPERTY LTD

PARADIGM DEVELOPMENTS & PROPERTY LTD - Company Information

06472472 PARADIGM DEVELOPMENTS & PROPERTY LTD 2014-02-28 false 2013-03-01 2014-02-28 true 06472472 2013-03-01 2014-02-28 06472472 2014-02-28 06472472 2013-02-28 06472472 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 06472472 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2013-02-28 iso4217:GBP shares

Registered Number 06472472

PARADIGM DEVELOPMENTS & PROPERTY LTD

Abbreviated Accounts

28 February 2014

PARADIGM DEVELOPMENTS & PROPERTY LTD Registered Number 06472472

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	11,825	12,670
Tangible assets	3	10,112	12,377
		21,937	25,047
Current assets
Stocks		30,468	12,375
Debtors		46,623	55,232
Cash at bank and in hand		7,981	-
		85,072	67,607
Creditors: amounts falling due within one year		(39,276)	(52,576)
Net current assets (liabilities)		45,796	15,031
Total assets less current liabilities		67,733	40,078
Total net assets (liabilities)		67,733	40,078
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		67,533	39,878
Shareholders' funds		67,733	40,078

For the year ending 28 February 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2014

And signed on their behalf by:
r wood, Director

PARADIGM DEVELOPMENTS & PROPERTY LTD Registered Number 06472472

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. The turnover shown represents the value of goods and services provided to customers net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less deprecation. Depreciation is at rates calculated to write off the cost less estimated residual value of each asset over its useful life as follows – fixtures fittings and equipment – 15% reducing balances – motor vehicles 25% reducing balance.

Intangible assets amortisation policy
Acquired oodwill is written off in equal annual instalmentsover its estimated useful economic life

2Intangible fixed assets

	£
Cost
At 1 March 2013	16,895
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	16,895
Amortisation
At 1 March 2013	4,225
Charge for the year	845
On disposals	-
At 28 February 2014	5,070
Net book values
At 28 February 2014	11,825
At 28 February 2013	12,670

3Tangible fixed assets

	£
Cost
At 1 March 2013	20,037
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	20,037
Depreciation
At 1 March 2013	7,660
Charge for the year	2,265
On disposals	-
At 28 February 2014	9,925
Net book values
At 28 February 2014	10,112
At 28 February 2013	12,377

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 A Ordinary shares of £1 each	100	100
100 B Ordinary shares of £1 each	100	100