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REGISTERED NUMBER: 06445004 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PARAGON PROPERTY KENT LIMITED

PARAGON PROPERTY KENT LIMITED (REGISTERED NUMBER: 06445004)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARAGON PROPERTY KENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A J Wentzell
S S B Wentzell
S J R Wentzell





SECRETARY: S J R Wentzell





REGISTERED OFFICE: Paragon House
St Michaels Close
Aylesford
Kent
ME20 7BU





REGISTERED NUMBER: 06445004 (England and Wales)





ACCOUNTANTS: Sargeant Partnership Limited
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

PARAGON PROPERTY KENT LIMITED (REGISTERED NUMBER: 06445004)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 540,000 540,000

CURRENT ASSETS
Debtors 5 8,276 6,436
Cash at bank 41,589 43,212
49,865 49,648
CREDITORS
Amounts falling due within one year 6 145,595 150,376
NET CURRENT LIABILITIES (95,730 ) (100,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,270

439,272

CAPITAL AND RESERVES
Called up share capital 7 3 3
Revaluation reserve 8 293,908 293,908
Retained earnings 8 150,359 145,361
SHAREHOLDERS' FUNDS 444,270 439,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PARAGON PROPERTY KENT LIMITED (REGISTERED NUMBER: 06445004)

BALANCE SHEET - continued
31 JULY 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 28 January 2025 and were signed on its behalf by:





S J R Wentzell - Director


PARAGON PROPERTY KENT LIMITED (REGISTERED NUMBER: 06445004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Paragon Property Kent 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY


Fair value at 31 July 2024 is represented by:
£   
Valuation in 2009 250,000
Valuation in 2013 20,000
Valuation in 2015 330,000
Valuation in 2023 (60,000 )
540,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 246,092 246,092

The Investment Property was valued on an open market basis by Steve Wentzell a Director and Shareholder of the company.

PARAGON PROPERTY KENT LIMITED (REGISTERED NUMBER: 06445004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 539 411
Other debtors 7,737 6,025
8,276 6,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,001 5,190
Amounts owed to associates 136,516 136,516
Taxation and social security 1,172 6,614
Other creditors 1,906 2,056
145,595 150,376

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 145,361 293,908 439,269
Profit for the year 4,998 4,998
At 31 July 2024 150,359 293,908 444,267

9. RELATED PARTY DISCLOSURES

All three directors of Paragon Property Kent Limited are also directors of CAPCO Investments Limited.

At the balance sheet date Paragon Property Kent Limited owed CAPCO Investments Limited £14,997 (2023: £14,997).

All three directors of Paragon Property Kent Limited are also directors of Capital Cleaning (Kent) Limited.

At the balance sheet date Paragon Property Kent Limited owed Capital Cleaning ((Kent) Limited £121,519 (2023: £121,519).

PARAGON PROPERTY KENT LIMITED (REGISTERED NUMBER: 06445004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are deemed to be SJR Wentzell, SSB Wentzell and AJW Wentzell by virtue of the equal shareholdings in the company.