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REGISTERED NUMBER: 01449561 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PARAMOUNT POOLS LIMITED

PARAMOUNT POOLS LIMITED (REGISTERED NUMBER: 01449561)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARAMOUNT POOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr S R Martin





SECRETARY: Mrs D I Martin





REGISTERED OFFICE: Unit A Fosters Business Park
Old School Road
Hook
Hampshire
RG27 9NY





REGISTERED NUMBER: 01449561 (England and Wales)






PARAMOUNT POOLS LIMITED (REGISTERED NUMBER: 01449561)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,516 277,577

CURRENT ASSETS
Stocks 2,445,443 2,544,980
Debtors 5 1,718,538 651,437
Investments 6 61,797 1,237,882
Cash at bank 2,075,999 2,083,083
6,301,777 6,517,382
CREDITORS
Amounts falling due within one year 7 715,525 1,476,001
NET CURRENT ASSETS 5,586,252 5,041,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,871,768

5,318,958

PROVISIONS FOR LIABILITIES 58,102 39,150
NET ASSETS 5,813,666 5,279,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,813,566 5,279,708
5,813,666 5,279,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 18 June 2025 and were signed by:





Mr S R Martin - Director


PARAMOUNT POOLS LIMITED (REGISTERED NUMBER: 01449561)

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


1. STATUTORY INFORMATION

Paramount Pools 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

All fixed assets are initially recorded at cost.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

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 POOLS LIMITED (REGISTERED NUMBER: 01449561)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 65,085 122,560 97,230
Additions - 40,535 8,752
Disposals - (18,200 ) -
At 31 December 2024 65,085 144,895 105,982
DEPRECIATION
At 1 January 2024 7,120 96,997 71,798
Charge for year 8,695 4,641 3,576
Eliminated on disposal - (18,200 ) -
At 31 December 2024 15,815 83,438 75,374
NET BOOK VALUE
At 31 December 2024 49,270 61,457 30,608
At 31 December 2023 57,965 25,563 25,432

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 217,767 15,576 518,218
Additions - 19,570 68,857
Disposals - - (18,200 )
At 31 December 2024 217,767 35,146 568,875
DEPRECIATION
At 1 January 2024 60,071 4,655 240,641
Charge for year 39,424 4,582 60,918
Eliminated on disposal - - (18,200 )
At 31 December 2024 99,495 9,237 283,359
NET BOOK VALUE
At 31 December 2024 118,272 25,909 285,516
At 31 December 2023 157,696 10,921 277,577

PARAMOUNT POOLS LIMITED (REGISTERED NUMBER: 01449561)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 430,130 630,744
Amounts owed by group undertakings - 1,848
Other debtors 1,288,408 18,845
1,718,538 651,437

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 61,797 1,237,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 376,895 1,123,591
Amounts owed to group undertakings 87,770 -
Taxation and social security 231,647 238,132
Other creditors 19,213 114,278
715,525 1,476,001

8. DERIVATIVE FINANCIAL ASSETS / (LIABILITIES)

Derivative financial assets/ (liabilities) at fair value through profit or loss

Foreign exchange forward contracts maturing within 12 months:

2024 2023
£ £


Notional principal

774,604


-