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Registered Number: 11900050
England and Wales

 

 

 

PARADISE LDN LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Director Dominic Noel Fernando
Registered Number 11900050
Registered Office PARADISE SOHO
61 Rupert Street
London
W1D 7PW
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 40,002    92,780 
40,002    92,780 
Current assets      
Debtors 4 87,894    92,247 
Cash at bank and in hand 388,406    180,700 
476,300    272,947 
Creditors: amount falling due within one year 5 (477,268)   (557,591)
Net current liabilities (968)   (284,644)
 
Total assets less current liabilities 39,034    (191,864)
Net assets 39,034    (191,864)
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 38,934    (191,964)
Shareholder's funds 39,034    (191,864)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Dominic Noel Fernando
Director
2
General Information
PARADISE LDN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11900050, registration address PARADISE SOHO, 61 Rupert Street, London, W1D 7PW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 4 years Straight Line
Plant and Machinery 4 years Straight Line
Fixtures and Fittings 4 years Straight Line
Computer Equipment 3 years Straight Line
2.

Average number of employees

Average number of employees during the year was 36 (2022 : 37).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2022 92,911    49,052    56,665    11,869    210,497 
Additions   240      2,296    2,536 
Disposals        
At 31 March 2023 92,911    49,292    56,665    14,165    213,033 
Depreciation
At 01 April 2022 57,600    29,467    24,466    6,355    117,888 
Charge for year 23,228    7,654    20,696    3,565    55,143 
On disposals        
At 31 March 2023 80,828    37,121    45,162    9,920    173,031 
Net book values
Closing balance as at 31 March 2023 12,083    12,171    11,503    4,245    40,002 
Opening balance as at 01 April 2022 35,311    19,756    32,199    5,514    92,780 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 87,894    92,247 
87,894    92,247 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 46,004    117,478 
Corporation Tax 21,407   
Other taxation and social security 54,547    71,380 
Other Creditors 355,310    368,733 
477,268    557,591 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

7.

Related party transactions

As at the year end the company owed £340,393 (2022-£373,695) to D Fernando, the director of the company , in respect of a interest free loan which is repayable on demand.
3