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REGISTERED NUMBER: 10152090 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

PARADISE ISLAND LIMITED

PARADISE ISLAND LIMITED (REGISTERED NUMBER: 10152090)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARADISE ISLAND LIMITED

Company Information
for the year ended 30 April 2023







DIRECTORS: Mr Elliot Wild
Mr Michael Wild
Mrs Julie Wild





REGISTERED OFFICE: 5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 10152090 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

PARADISE ISLAND LIMITED (REGISTERED NUMBER: 10152090)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investments 5 20,000 20,000
20,000 20,000

CURRENT ASSETS
Cash at bank 40,636 43,694

CREDITORS
Amounts falling due within one year 6 17,602 23,406
NET CURRENT ASSETS 23,034 20,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,034

40,288

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 8 43,031 40,285
SHAREHOLDERS' FUNDS 43,034 40,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Other Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr Elliot Wild - Director


PARADISE ISLAND LIMITED (REGISTERED NUMBER: 10152090)

Notes to the Financial Statements
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Paradise Island Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Other Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 3,726
DEPRECIATION
At 1 May 2022
and 30 April 2023 3,726
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

PARADISE ISLAND LIMITED (REGISTERED NUMBER: 10152090)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 20,000
NET BOOK VALUE
At 30 April 2023 20,000
At 30 April 2022 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,309 5,147
Directors' loan accounts 16,293 18,259
17,602 23,406

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A Shares 1 3 1
1 Ordinary B Shares 1 - 1
1 Ordinary C Shares 1 - 1
3 3

8. RESERVES
Retained
earnings
£   

At 1 May 2022 40,285
Profit for the year 7,746
Dividends (5,000 )
At 30 April 2023 43,031