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REGISTERED NUMBER: 03854417 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PARAMOUNT HOME IMPROVEMENTS LIMITED

PARAMOUNT HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

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 HOME IMPROVEMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D K Scriven





SECRETARY: D K Scriven





REGISTERED OFFICE: 22 Brook Road
Wimborne
Dorset
BH21 2BH





REGISTERED NUMBER: 03854417 (England and Wales)





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

PARAMOUNT HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 544,322 544,322
Investments 5 4 4
544,326 544,326

CURRENT ASSETS
Debtors 6 370,285 370,285
Cash at bank 221,160 266,865
591,445 637,150
CREDITORS
Amounts falling due within one year 7 633,702 726,591
NET CURRENT LIABILITIES (42,257 ) (89,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,069

454,885

CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 2 2
Retained earnings 502,065 454,881
SHAREHOLDERS' FUNDS 502,069 454,885

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 HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

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 Income Statement 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 HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

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


1. STATUTORY INFORMATION

Paramount Home Improvements 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.

Preparation of consolidated financial statements
The financial statements contain information about Paramount Home Improvements Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 October 2023
and 30 September 2024 544,322
NET BOOK VALUE
At 30 September 2024 544,322
At 30 September 2023 544,322

Included in cost of land and buildings is freehold land of £ 300,000 (2023 - £ 300,000 ) which is not depreciated.

In the opinion of the director the buildings are maintained in a condition that the net residual value would not be materially different from its cost. In these circumstances any depreciation would be immaterial.

The director is of the opinion that the fair value of the freeholds have not materially altered in the year.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 4
NET BOOK VALUE
At 30 September 2024 4
At 30 September 2023 4

PARAMOUNT HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

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


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Paramount Window & Fascia Limited
Registered office: 22-24 Brook Road, Wimborne, Dorset, BH21 2BH
Nature of business: Window and fascia fitters
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 552,112 560,268
Profit for the year 53,044 56,607

Paramount Property Maintenance Limited
Registered office: 22-24 Brook Road, Wimborne, Dorset, BH21 2BH
Nature of business: Property maintenance
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 423,843 426,076
(Loss)/profit for the year (2,233 ) 4,822

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 369,620 369,620
Prepayments and accrued income 665 665
370,285 370,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 627,133 720,022
Directors' current accounts 6,569 6,569
633,702 726,591

PARAMOUNT HOME IMPROVEMENTS LIMITED (REGISTERED NUMB

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


8. CALLED UP SHARE CAPITAL

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

9. CONTINGENT LIABILITIES

A bank loan in a subsidiary company is secured on debentures given by Paramount Paramount Property Maintenance Limited and Paramount Window & Fascia Limited which are companies within the same group and by charges over freehold property.

10. RELATED PARTY DISCLOSURES

At the balance sheet date the director had made an interest free loan of £6,569 (2023 - £6,569). The loan is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARAMOUNT HOME IMPROVEMENTS 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 Home Improvements Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Home Improvements Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paramount Home Improvements Limited and state those matters that we have agreed to state to the director of Paramount Home Improvements 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 Home Improvements Limited and its director for our work or for this report.

It is your duty to ensure that Paramount Home Improvements 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 profit of Paramount Home Improvements Limited. You consider that Paramount Home Improvements 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 Home Improvements 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