Abbreviated Company Accounts - PARADIGM DEVELOPMENTS & PROPERTY LTD

PARADIGM DEVELOPMENTS & PROPERTY LTD - Company Information

06472472 PARADIGM DEVELOPMENTS & PROPERTY LTD 2016-02-28 false 2015-03-01 2016-02-28 true 06472472 2015-03-01 2016-02-28 06472472 2016-02-28 06472472 2015-02-28 06472472 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 06472472 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-28 iso4217:GBP shares

Registered Number 06472472

PARADIGM DEVELOPMENTS & PROPERTY LTD

Abbreviated Accounts

28 February 2016

PARADIGM DEVELOPMENTS & PROPERTY LTD Registered Number 06472472

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	10,980	10,980
Tangible assets	3	7,316	8,877
		18,296	19,857
Current assets
Stocks		256	256
Debtors		97,332	86,499
Cash at bank and in hand		52,658	31,564
		150,246	118,319
Creditors: amounts falling due within one year		(86,965)	(50,051)
Net current assets (liabilities)		63,281	68,268
Total assets less current liabilities		81,577	88,125
Total net assets (liabilities)		81,577	88,125
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		81,377	87,925
Shareholders' funds		81,577	88,125

For the year ending 28 February 2016 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 2 June 2016

And signed on their behalf by:
R S WOOD, Director

PARADIGM DEVELOPMENTS & PROPERTY LTD Registered Number 06472472

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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 depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows – fixtures fittings and equipment 15% written down value - motor vehicles 25% written down value.

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 March 2015	16,895
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	16,895
Amortisation
At 1 March 2015	5,915
Charge for the year	-
On disposals	-
At 28 February 2016	5,915
Net book values
At 28 February 2016	10,980
At 28 February 2015	10,980

3Tangible fixed assets

	£
Cost
At 1 March 2015	20,729
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	20,729
Depreciation
At 1 March 2015	11,852
Charge for the year	1,561
On disposals	-
At 28 February 2016	13,413
Net book values
At 28 February 2016	7,316
At 28 February 2015	8,877

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

	2016 £	2015 £
100 A Ordinary shares of £1 each	100	100
100 B Ordinary shares of £1 each	100	100