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REGISTERED NUMBER: 13355042 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Paradise Bolt Productions Limited

Paradise Bolt Productions Limited (Registered number: 13355042)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Paradise Bolt Productions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S L Houghton
C R Legh





REGISTERED OFFICE: Lantern House
39, Duke Street
Chester
CH1 1RP





REGISTERED NUMBER: 13355042 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Paradise Bolt Productions Limited (Registered number: 13355042)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,459 236,616

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 20,709 16,689
Prepayments and accrued income 19,354 15,487
Cash at bank 20,057 16,820
66,120 54,996
CREDITORS
Amounts falling due within one year 6 526,386 593,657
NET CURRENT LIABILITIES (460,266 ) (538,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(237,807

)

(302,045

)

PROVISIONS FOR LIABILITIES 16,055 17,844
NET LIABILITIES (253,862 ) (319,889 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (253,962 ) (319,989 )
(253,862 ) (319,889 )

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.

Paradise Bolt Productions Limited (Registered number: 13355042)

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.

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 22 January 2025 and were signed on its behalf by:




C R Legh - Director



S L Houghton - Director


Paradise Bolt Productions Limited (Registered number: 13355042)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Paradise Bolt Productions 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 statement 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Paradise Bolt Productions Limited (Registered number: 13355042)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 174,930 92,653 267,583
Additions - 6,694 6,694
At 30 April 2024 174,930 99,347 274,277
DEPRECIATION
At 1 May 2023 9,691 21,276 30,967
Charge for year 6,997 13,854 20,851
At 30 April 2024 16,688 35,130 51,818
NET BOOK VALUE
At 30 April 2024 158,242 64,217 222,459
At 30 April 2023 165,239 71,377 236,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,397 15,030
Other debtors 10,312 1,659
20,709 16,689

Paradise Bolt Productions Limited (Registered number: 13355042)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 21,889 22,914
Taxation and social security 28,719 27,769
Other creditors 475,778 542,974
526,386 593,657

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2024, the company owed the director 1 £385,595 and the director 2 owed the company £8,653.
No formal repayment terms have been agreed.