Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 16 November 2022 false 1 January 2024 31 December 2024 31 December 2024 14489178 Mr I Mackendrick Mr S Farnfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14489178 2023-12-31 14489178 2024-12-31 14489178 2024-01-01 2024-12-31 14489178 frs-core:CurrentFinancialInstruments 2024-12-31 14489178 frs-core:ShareCapital 2024-12-31 14489178 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14489178 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14489178 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14489178 frs-bus:SmallEntities 2024-01-01 2024-12-31 14489178 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14489178 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14489178 frs-core:ListedExchangeTraded 2024-12-31 14489178 frs-core:ListedExchangeTraded 2023-12-31 14489178 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 14489178 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 14489178 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 14489178 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 14489178 frs-bus:Director1 2024-01-01 2024-12-31 14489178 frs-bus:Director2 2024-01-01 2024-12-31 14489178 frs-countries:EnglandWales 2024-01-01 2024-12-31 14489178 2022-11-15 14489178 2023-12-31 14489178 2022-11-16 2023-12-31 14489178 frs-core:CurrentFinancialInstruments 2023-12-31 14489178 frs-core:ShareCapital 2023-12-31 14489178 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14489178
Paladin Group Limited
Financial Statements
For The Year Ended 31 December 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14489178
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 180 180
180 180
CURRENT ASSETS
Debtors 5 53,869 31,832
Cash at bank and in hand 175 100
54,044 31,932
Creditors: Amounts Falling Due Within One Year 6 (54,109 ) (32,012 )
NET CURRENT ASSETS (LIABILITIES) (65 ) (80 )
TOTAL ASSETS LESS CURRENT LIABILITIES 115 100
NET ASSETS 115 100
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 15 -
SHAREHOLDERS' FUNDS 115 100
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Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I Mackendrick
Director
Mr S Farnfield
Director
6th March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Paladin Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14489178 . The registered office is Highfield Church Lane , Tibberton , Droitwich , Worcestershire, WR9 7NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Listed
£
Cost
As at 1 January 2024 180
As at 31 December 2024 180
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 180
As at 1 January 2024 180
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5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 26,594 4,194
Amounts owed by subsidiaries 27,275 27,638
53,869 31,832
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Other taxes and social security 25,814 -
Other creditors 345 31,075
Amounts owed to subsidiaries 27,950 937
54,109 32,012
7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included within Other Debtors are loans to related parties amounting to £26,574 (2023: £377). These loans are unsecured, interest bearing and repayable on demand.
Included within Other Creditors are loans from related parties amounting to £345 (2023: £31,075). These loans are unsecured, interest bearing and repayable on demand.
Included Debtors are loans from subsidiaries of £27,275 (2023: £27,638) and within Creditors loans to subsidiaries of £27,950 (2023: £934). These loans are unsecured, interest free and repayable on demand.
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