PARAGON CONSULTANTS (LONDON) LTD

Company Registration Number:
11687649 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 December 2022

End date: 31 October 2023

PARAGON CONSULTANTS (LONDON) LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PARAGON CONSULTANTS (LONDON) LTD

Profit And Loss Account

for the Period Ended 31 October 2023

11 months to 31 October 2023 2022


£

£
Turnover: 2,679,643 1,387,526
Cost of sales: ( 527,936 ) ( 326,813 )
Gross profit(or loss): 2,151,707 1,060,713
Distribution costs: ( 46,281 ) ( 33,489 )
Administrative expenses: ( 83,782 ) ( 41,882 )
Operating profit(or loss): 2,021,644 985,342
Interest payable and similar charges: ( 6,782 ) ( 13,113 )
Profit(or loss) before tax: 2,014,862 972,229
Tax: ( 173,892 ) ( 108,336 )
Profit(or loss) for the financial year: 1,840,970 863,893

PARAGON CONSULTANTS (LONDON) LTD

Balance sheet

As at 31 October 2023

Notes 11 months to 31 October 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,468,429 741,628
Investments: 4 1,897,839 272,000
Total fixed assets: 3,366,268 1,013,628
Current assets
Stocks: 5 91,783 54,382
Debtors: 6 13,989 28,947
Cash at bank and in hand: 126,935 72,893
Investments: 7 1,694,392 488,593
Total current assets: 1,927,099 644,815
Creditors: amounts falling due within one year: 8 ( 31,893 ) ( 27,418 )
Net current assets (liabilities): 1,895,206 617,397
Total assets less current liabilities: 5,261,474 1,631,025
Creditors: amounts falling due after more than one year: 9 ( 41,827 ) ( 58,892 )
Provision for liabilities: ( 650,000 ) ( 5,000 )
Total net assets (liabilities): 4,569,647 1,567,133
Capital and reserves
Called up share capital: 100,000 100
Share premium account: 2,410,000 235,000
Other reserves: 1,078,743 468,140
Profit and loss account: 980,904 863,893
Total Shareholders' funds: 4,569,647 1,567,133

The notes form part of these financial statements

PARAGON CONSULTANTS (LONDON) LTD

Balance sheet statements

For the year ending 31 October 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 November 2023
and signed on behalf of the board by:

Name: V Skurat
Status: Director

The notes form part of these financial statements

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    11 months to 31 October 2023 2022
    Average number of employees during the period 29 24

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 511,568 31,216 16,000 74,000 108,844 741,628
Additions 648,972 1,829 76,000 726,801
Disposals
Revaluations
Transfers
At 31 October 2023 1,160,540 31,216 16,000 75,829 184,844 1,468,429
Depreciation
At 1 December 2022
Charge for year
On disposals
Other adjustments
At 31 October 2023
Net book value
At 31 October 2023 1,160,540 31,216 16,000 75,829 184,844 1,468,429
At 30 November 2022 511,568 31,216 16,000 74,000 108,844 741,628

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Fixed assets investments note

£3,366,268

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Stocks

11 months to 31 October 2023 2022
£ £
Stocks 60,145 44,382
Payments on account 31,638 10,000
Total 91,783 54,382

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Debtors

11 months to 31 October 2023 2022
£ £
Trade debtors 13,989 28,947
Total 13,989 28,947

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Current assets investments note

£1,927,099

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Creditors: amounts falling due within one year note

11 months to 31 October 2023 2022
£ £
Trade creditors 31,893 27,418
Total 31,893 27,418

PARAGON CONSULTANTS (LONDON) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

9. Creditors: amounts falling due after more than one year note

11 months to 31 October 2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 41,827 58,892
Total 41,827 58,892