REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
PARAGON PROPERTY KENT LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Revaluation reserve | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to associates | 136,516 | 136,516 |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 3 | 3 |
8. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 August 2023 | 439,269 |
Profit for the year |
At 31 July 2024 | 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. |