Registered number: 10003194
PRITCHARD PROPERTY ( PARAGON ) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Pritchard Property ( Paragon ) Ltd
Unaudited Financial Statements
For the year ended 5 April 2023
Contents Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3
Pritchard Property ( Paragon ) Ltd
Company Information
For the year ended 5 April 2023
Director(s) : Arran Pritchard
Registered Office : 51 Hampden Road
Wrexham
LL13 7DG
Registered Number : 10003194
Page 1
Pritchard Property ( Paragon ) Ltd
Balance Sheet
as at 5 April 2023
as at 5 April 2023 as at 5 April 2022
Notes £ £ £ £
FIXED ASSETS
Investment Property 3 2,703,152 2,389,000
2,703,152 2,389,000
CURRENT ASSETS
Cash at Bank 6,843 6,843
Debtors 4 67,243 67,243
74,086 74,086
CREDITORS due within one year 5 (6,665) (6,665)
NET CURRENT LIABILITIES 67,421 67,421
TOTAL ASSETS LESS CURRENT LIABILITIES 2,770,573 2,456,421
CREDITORS due after more than one year 6 (1,699,579) (1,699,579)
NET ASSETS 1,070,994 756,842
CAPITAL AND RESERVES
Called up share capital 100 100
Loss From Fixed Assets - -
Property Revaluation 1,070,894 756,742
Profit and loss account 7 - (0)
Shareholder Funds 1,070,994 756,842
The Company is entitled to exemption from audit under section 477 of the Companies Act 2006 for Period ended 5 April 2023.
Director Responsibilities
i The Member has not required the Company to obtain an audit of its Financial Statements for the Period in accordance with S476 Companies Act 2006.
ii The Director acknowledges their responsibilities for complying with the resquirements of the Act with respect to accounting records and the preparation of accounts.
iii These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
____________________
Arran Pritchard
10 November 2023
The notes form part of these financial statements
Page 2
Pritchard Property ( Paragon ) Ltd
Notes to the Financial Statements
for period 6 April 2022 to 5 April 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Financial statements are prepared under the historical cost convention in accordance with FRS 102 S1A "Small Entities" Financial Reporting Standard, applicable to UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.
Tangible fiex assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefull life.
Plant & Machinery etc 20% on cost
Freehold No depreciation policy
Investment Property
Investment property is shown at most recent valuation.
2. EMPLOYEES AND DIRECTORS
The average number of employees during the period was 1 1
as at 5 April 2023 as at 5 April 2022
3. FIXED ASSETS: INVESTMENT PROPERTY £ £
Professional 29,694 29,694
Property 1,602,564 1,602,564
Property Revaluation 1,070,894 756,742
Repairs & Alterations - -
2,703,152 2,389,000
as at 5 April 2023 as at 5 April 2022
4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR £ £
Debtors - -
Intra Group Loan 67,243 67,243
67,243 67,243
as at 5 April 2023 as at 5 April 2022
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR £ £
UK Corporation Tax 6,665 6,665
Intra Group Loan - -
6,665 6,665
as at 5 April 2023 as at 5 April 2022
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR £ £
Director Loans - 0
Loans 1,699,579 1,699,579
1,699,579 1,699,579
as at 5 April 2023 as at 5 April 2022
7. P&L £ £
P&L - (0)
- (0)
Page 3
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