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REGISTERED NUMBER: 14009076 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PARADISE VENTURES 2 LIMITED

PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

PARADISE VENTURES 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J S Fearn
Mrs R J Fearn





SECRETARY:





REGISTERED OFFICE: Unit A2
Alexandra Centre Retail Park
Park Road
Oldham
Lancashire
OL4 1SA





REGISTERED NUMBER: 14009076 (England and Wales)





ACCOUNTANTS: Buchanan & Associates Limited
Mayden House
Main Road
Long Bennington
Nottinghamshire
NG23 5DJ

PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 21,003 28,004
Tangible assets 5 1,128,448 473,343
1,149,451 501,347

CURRENT ASSETS
Stocks 4,000 11,000
Debtors 6 149,423 6,717
Cash at bank 48,994 188,265
202,417 205,982
CREDITORS
Amounts falling due within one year 7 766,228 387,536
NET CURRENT LIABILITIES (563,811 ) (181,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,640

319,793

CREDITORS
Amounts falling due after more than one year 8 (365,028 ) (140,900 )

PROVISIONS FOR LIABILITIES (218,330 ) (109,766 )
NET ASSETS 2,282 69,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,182 69,027
2,282 69,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 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.

PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

BALANCE SHEET - continued
31 MARCH 2025


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 21 May 2025 and were signed on its behalf by:





J S Fearn - Director


PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Paradise Ventures 2 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 35,000 5 35,005
AMORTISATION
At 1 April 2024 7,000 1 7,001
Charge for year 7,000 1 7,001
At 31 March 2025 14,000 2 14,002
NET BOOK VALUE
At 31 March 2025 21,000 3 21,003
At 31 March 2024 28,000 4 28,004

PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 37,813 480,490 518,303
Additions 216,375 573,821 790,196
Disposals - (30,239 ) (30,239 )
At 31 March 2025 254,188 1,024,072 1,278,260
DEPRECIATION
At 1 April 2024 3,533 41,427 44,960
Charge for year 18,207 86,645 104,852
At 31 March 2025 21,740 128,072 149,812
NET BOOK VALUE
At 31 March 2025 232,448 896,000 1,128,448
At 31 March 2024 34,280 439,063 473,343

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 30,239
At 31 March 2025 30,239
DEPRECIATION
Charge for year 7,560
At 31 March 2025 7,560
NET BOOK VALUE
At 31 March 2025 22,679

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by group undertakings - 820
Other debtors 149,423 5,897
149,423 6,717

PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Finance leases (see note 9) 9,609 -
Trade creditors 59,644 44,514
Amounts owed to group undertakings 30,224 -
Amounts owed to associates 373,985 258,571
Taxation and social security 111,865 24,657
Other creditors 180,901 59,794
766,228 387,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Finance leases (see note 9) 14,552 -
Other creditors 350,476 140,900
365,028 140,900

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 9,609 -
Between one and five years 14,552 -
24,161 -

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 196,056 60,000
Between one and five years 784,224 30,000
In more than five years 1,413,276 -
2,393,556 90,000

PARADISE VENTURES 2 LIMITED (REGISTERED NUMBER: 14009076)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
J S Fearn
Balance outstanding at start of year 380 -
Amounts advanced 10,601 9,580
Amounts repaid (840 ) (9,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,141 380

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARADISE VENTURES 2 LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Paradise Ventures 2 Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Paradise Ventures 2 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paradise Ventures 2 Limited and state those matters that we have agreed to state to the Board of Directors of Paradise Ventures 2 Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paradise Ventures 2 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 loss of Paradise Ventures 2 Limited. You consider that Paradise Ventures 2 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 Paradise Ventures 2 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.






Buchanan & Associates Limited
Mayden House
Main Road
Long Bennington
Nottinghamshire
NG23 5DJ


21 May 2025