2024-04-01 05706865 2025-03-31 05706865 2024-04-01 2025-03-31 05706865 2024-03-31 05706865 2023-04-01 2024-03-31 05706865 uk-core:WithinOneYear 2024-03-31 05706865 uk-core:WithinOneYear 2025-03-31 05706865 uk-core:ShareCapital 2025-03-31 05706865 uk-core:ShareCapital 2024-03-31 05706865 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 05706865 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 05706865 uk-bus:Director1 2024-04-01 2025-03-31 05706865 uk-core:OfficeEquipment 2024-04-01 2025-03-31 05706865 uk-core:CommercialMotorVehicles 2024-04-01 2025-03-31 05706865 uk-core:FurnitureFittings 2024-04-01 2025-03-31 05706865 uk-core:OfficeEquipment 2024-03-31 05706865 uk-core:FurnitureFittings 2024-03-31 05706865 uk-core:CommercialMotorVehicles 2024-03-31 05706865 uk-core:CommercialMotorVehicles 2025-03-31 05706865 uk-core:FurnitureFittings 2025-03-31 05706865 uk-core:OfficeEquipment 2025-03-31 iso4217:GBP xbrli:pure 05706865 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05706865 uk-bus:FRS102 2024-04-01 2025-03-31 05706865 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 05706865 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
Paramount Homes (Cheltenham) Limited
Registered Number:05706865
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
Registered Number :
05706865
As at 31 March 2025
Paramount Homes (Cheltenham) Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
3,825
4,780
2
3,825
4,780
Current assets
Inventories
579,000
584,000
3
Trade and other receivables
24,671
4,038
4
88,539
Cash and cash equivalents
125,799
713,837
692,210
Trade and other payables: amounts falling due within one
year
(11,566)
(1,434)
5
680,644
712,403
Net current assets
Total assets less current liabilities
716,228
685,424
(3,123)
(3,221)
Provisions for liabilities
713,105
Net assets
682,203
Capital and reserves
Called up share capital
1
1
Retained earnings
713,104
682,202
713,105
682,203
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Robert Ian McGrath Director
These financial statements were approved and authorised for issue by the Board on 18 April 2025 and were signed by:
The notes form part of these financial statements
1 of 3
3
For the year ended 31 March 2025
Paramount Homes (Cheltenham) Limited
Notes to the Financial Statements
Statutory Information
Paramount Homes (Cheltenham) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05706865.
Registered address:
Mulberry House
The Ridge, Bussage
Stroud
Gloucestershire
GL6 8HD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2 of 3
4
For the year ended 31 March 2025
Paramount Homes (Cheltenham) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 April 2024
36,992
1,677
178
35,137
At 31 March 2025
35,137
178
1,677
36,992
Provision for depreciation and impairment
At 01 April 2024
32,212
1,312
139
30,761
Charge for year
955
73
7
875
At 31 March 2025
33,167
1,385
146
31,636
At 31 March 2025
Net book value
3,501
32
292
3,825
At 31 March 2024
4,376
39
365
4,780
3. Inventories
2024
2025
£
£
Stocks
584,000
579,000
4. Trade and other receivables
2024
2025
£
£
Trade debtors
-
23,094
Other debtors
4,038
1,577
24,671
4,038
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
124
11,208
Taxation and social security
1,310
358
1,434
11,566
6. Average number of persons employed
During the year the average number of employees was 1 (2024 : 1)
3 of 3