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REGISTERED NUMBER: 04510446 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PARAMOUNT PROPERTY MAINTENANCE LIMITED

PARAMOUNT PROPERTY MAINTENANCE LIMITED (REGISTERED N

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

PARAMOUNT PROPERTY MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D K Scriven





SECRETARY: D K Scriven





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 04510446 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

PARAMOUNT PROPERTY MAINTENANCE LIMITED (REGISTERED N

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,165 13,143

CURRENT ASSETS
Stocks 5 - 47,207
Debtors 6 885,380 1,067,571
Cash at bank and in hand 12,155 107
897,535 1,114,885
CREDITORS
Amounts falling due within one year 7 398,816 526,166
NET CURRENT ASSETS 498,719 588,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,884

601,862

CREDITORS
Amounts falling due after more than one
year

8

(82,500

)

(172,500

)

PROVISIONS FOR LIABILITIES 10 (2,541 ) (3,286 )
NET ASSETS 423,843 426,076

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 423,841 426,074
SHAREHOLDERS' FUNDS 423,843 426,076

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PROPERTY MAINTENANCE LIMITED (REGISTERED N

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2025 and were signed by:





D K Scriven - Director


PARAMOUNT PROPERTY MAINTENANCE LIMITED (REGISTERED N

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


1. STATUTORY INFORMATION

Paramount Property Maintenance 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
Turnover represents work done exclusive of 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
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

PARAMOUNT PROPERTY MAINTENANCE LIMITED (REGISTERED N

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023 1,978 54,694 56,672
Additions 684 - 684
Disposals - (5,900 ) (5,900 )
At 30 September 2024 2,662 48,794 51,456
DEPRECIATION
At 1 October 2023 297 43,232 43,529
Charge for year 355 2,717 3,072
Eliminated on disposal - (5,310 ) (5,310 )
At 30 September 2024 652 40,639 41,291
NET BOOK VALUE
At 30 September 2024 2,010 8,155 10,165
At 30 September 2023 1,681 11,462 13,143

5. STOCKS
2024 2023
£    £   
Stocks - 47,207

PARAMOUNT PROPERTY MAINTENANCE LIMITED (REGISTERED N

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,121 89,903
Amounts owed by group undertakings 875,259 953,103
Amounts recoverable on contract - 12,271
Prepayments and accrued income - 12,294
885,380 1,067,571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 90,000 94,659
Trade creditors 2,484 25,686
Amounts owed to group undertakings 306,332 369,620
Corporation tax - 2,156
Social security and other taxes - 4,670
VAT - 23,179
Accruals and deferred income - 6,196
398,816 526,166

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 82,500 172,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 172,500 262,500

The bank loan is secured on debentures given by Paramount Home Improvements Limited and Paramount Window & Fascia Limited which are companies within the same group and by charges over freehold property.

PARAMOUNT PROPERTY MAINTENANCE LIMITED (REGISTERED N

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


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,541 3,286

Deferred
tax
£   
Balance at 1 October 2023 3,286
Provided during year (745 )
Balance at 30 September 2024 2,541

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. CONTINGENT LIABILITIES

The company is a member of a VAT group with Paramount Window & Fascia Limited. At the balance sheet date £90,752 (2023 - £58,660) was due to HMRC.

13. HOLDING COMPANY

The controlling party is Paramount Home Improvements Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARAMOUNT PROPERTY MAINTENANCE LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paramount Property Maintenance Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Paramount Property Maintenance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paramount Property Maintenance Limited and state those matters that we have agreed to state to the director of Paramount Property Maintenance Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paramount Property Maintenance Limited and its director for our work or for this report.

It is your duty to ensure that Paramount Property Maintenance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Paramount Property Maintenance Limited. You consider that Paramount Property Maintenance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paramount Property Maintenance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


5 February 2025