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Company Registration No. 03547527 (England and Wales)
Paradise Natural Foods Limited Unaudited accounts for the year ended 30 April 2024
Paradise Natural Foods Limited Unaudited accounts Contents
Page
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Paradise Natural Foods Limited Company Information for the year ended 30 April 2024
Director
Mr M Kornbluh
Secretary
Mrs F Kornbluh
Company Number
03547527 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Paradise Natural Foods Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,902 
9,263 
Investment property
75,000 
75,000 
83,902 
84,263 
Current assets
Debtors
3,000 
3,811 
Cash at bank and in hand
5,971 
14,675 
8,971 
18,486 
Creditors: amounts falling due within one year
(24,679)
(21,684)
Net current liabilities
(15,708)
(3,198)
Total assets less current liabilities
68,194 
81,065 
Creditors: amounts falling due after more than one year
(6,710)
(16,342)
Provisions for liabilities
Deferred tax
(8,530)
(8,530)
Net assets
52,954 
56,193 
Capital and reserves
Called up share capital
2 
2 
Fair value reserve
36,463 
36,463 
Profit and loss account
16,489 
19,728 
Shareholders' funds
52,954 
56,193 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2025 and were signed on its behalf by
Mr M Kornbluh Director Company Registration No. 03547527
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Paradise Natural Foods Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Paradise Natural Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 03547527. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance method
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Paradise Natural Foods Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
29,802 
Additions
1,210 
At 30 April 2024
31,012 
Depreciation
At 1 May 2023
20,539 
Charge for the year
1,571 
At 30 April 2024
22,110 
Net book value
At 30 April 2024
8,902 
At 30 April 2023
9,263 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
75,000 
At 30 April 2024
75,000 
The investment properties were valued by the director, on an open market for existing use basis.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
923 
Trade debtors
3,000 
2,888 
3,000 
3,811 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,162 
11,519 
VAT
6,712 
- 
Trade creditors
2,622 
1,234 
Taxes and social security
183 
145 
Loans from directors
- 
4,942 
Accruals
5,000 
3,844 
24,679 
21,684 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,710 
16,342 
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Paradise Natural Foods Limited Notes to the Accounts for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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