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REGISTERED NUMBER: 05094141 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PARAMOUNT UK LIMITED

PARAMOUNT UK LIMITED (REGISTERED NUMBER: 05094141)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


PARAMOUNT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M Monitz
A Kantor





SECRETARY: M Monitz





REGISTERED OFFICE: Flat 4
1 Egerton Road
Stamford Hill
London
N16 6UE





REGISTERED NUMBER: 05094141 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PARAMOUNT UK LIMITED (REGISTERED NUMBER: 05094141)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 293 345
Investment property 5 320,000 320,000
320,293 320,345

CURRENT ASSETS
Cash at bank 2,995 45,330

CREDITORS
Amounts falling due within one year (15,027 ) (13,498 )
NET CURRENT (LIABILITIES)/ASSETS (12,032 ) 31,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,261

352,177

CREDITORS
Amounts falling due after more than one year 6 (44,834 ) (95,508 )
NET ASSETS 263,427 256,669

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 132,022 132,022
Retained earnings 131,403 124,645
SHAREHOLDERS' FUNDS 263,427 256,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

PARAMOUNT UK LIMITED (REGISTERED NUMBER: 05094141)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





M Monitz - Director


PARAMOUNT UK LIMITED (REGISTERED NUMBER: 05094141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Paramount UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PARAMOUNT UK LIMITED (REGISTERED NUMBER: 05094141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 3,517
DEPRECIATION
At 1 May 2023 3,172
Charge for year 52
At 30 April 2024 3,224
NET BOOK VALUE
At 30 April 2024 293
At 30 April 2023 345

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 320,000
NET BOOK VALUE
At 30 April 2024 320,000
At 30 April 2023 320,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2015 72,022
Valuation in 2019 40,000
Valuation in 2020 20,000
132,022

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 320,000
320,000

CLIENT SCREEN TOTAL = -


Investment properties were valued on an open market basis on 30 April 2021 by the director .

PARAMOUNT UK LIMITED (REGISTERED NUMBER: 05094141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.4.24 30.4.23
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 18,167 58,811

Repayable by instalments
Other loans more 5yrs instal 26,667 36,697

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

7. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 132,022