IRIS Accounts Production v25.1.4.42 04039805 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040398052023-09-30040398052024-09-30040398052023-10-012024-09-30040398052022-09-30040398052022-10-012023-09-30040398052023-09-3004039805ns15:EnglandWales2023-10-012024-09-3004039805ns14:PoundSterling2023-10-012024-09-3004039805ns10:Director12023-10-012024-09-3004039805ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004039805ns10:SmallEntities2023-10-012024-09-3004039805ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3004039805ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004039805ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004039805ns10:FullAccounts2023-10-012024-09-3004039805ns10:OrdinaryShareClass12023-10-012024-09-3004039805ns10:Director22023-10-012024-09-3004039805ns10:CompanySecretary12023-10-012024-09-3004039805ns10:RegisteredOffice2023-10-012024-09-3004039805ns5:CurrentFinancialInstruments2024-09-3004039805ns5:CurrentFinancialInstruments2023-09-3004039805ns5:ShareCapital2024-09-3004039805ns5:ShareCapital2023-09-3004039805ns5:RetainedEarningsAccumulatedLosses2024-09-3004039805ns5:RetainedEarningsAccumulatedLosses2023-09-3004039805ns5:PlantMachinery2023-09-3004039805ns5:PlantMachinery2023-10-012024-09-3004039805ns5:PlantMachinery2024-09-3004039805ns5:PlantMachinery2023-09-3004039805ns5:CostValuation2023-09-3004039805ns5:DisposalsRepaymentsInvestments2024-09-3004039805ns5:CostValuation2024-09-3004039805ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3004039805ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3004039805ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 04039805 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PARAMOUNT RESIDENTIAL 2000 LIMITED

PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARAMOUNT RESIDENTIAL 2000 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M J Greig
S Lawrence





SECRETARY: R R Pathman





REGISTERED OFFICE: 150 West End Lane
West Hampstead
London
NW6 1SD





REGISTERED NUMBER: 04039805 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,457 15,552
Investments 5 - 2,000
21,457 17,552

CURRENT ASSETS
Debtors 6 70,119 67,634
Cash at bank 51,011 56,885
121,130 124,519
CREDITORS
Amounts falling due within one year 7 (98,942 ) (127,083 )
NET CURRENT ASSETS/(LIABILITIES) 22,188 (2,564 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,645 14,988

CAPITAL AND RESERVES
Called up share capital 8 999 999
Profit and loss reserves 42,646 13,989
SHAREHOLDERS' FUNDS 43,645 14,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





S Lawrence - Director


PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. COMPANY INFORMATION

Paramount Residential 2000 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 150 West End lane, London, NW6 1SD.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for services net of VAT.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 20-25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Taxation
The tax expense represents the sum of the tax currently payable.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Fixed asset investments
Unlisted investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in other comprehensive income except to the extent that a gain reverses a loss previously recognised in profit or loss, or a loss exceeds the accumulated gains recognised in equity; such gains and loss are recognised in profit or loss.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 114,846
Additions 15,095
At 30 September 2024 129,941
DEPRECIATION
At 1 October 2023 99,294
Charge for year 9,190
At 30 September 2024 108,484
NET BOOK VALUE
At 30 September 2024 21,457
At 30 September 2023 15,552

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 2,000
Disposals (2,000 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 54,744 43,575
Other debtors 15,375 24,059
70,119 67,634

PARAMOUNT RESIDENTIAL 2000 LIMITED (REGISTERED NUMBER: 04039805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 8,680 6,373
Taxation and social security 33,888 41,880
Other creditors 56,374 78,830
98,942 127,083

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
999 Ordinary £1 999 999