Registered number
06669174
Paradise Properties (bfd) Ltd.
Report and Accounts
31 March 2025
Paradise Properties (bfd) Ltd.
Balance Sheet as at 31 March
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 348,141 221,400
Current assets
Debtors 4 4,350 3,500
Cash at bank and in hand 8,194 331,926
12,544 335,426
Creditors: amounts falling due within one year 5 (1,552) (3,220)
Net current assets 10,992 332,206
Total assets less current liabilities 359,133 553,606
Creditors: amounts falling due after more than one year 6 (123,741) (323,741)
Net assets 235,392 229,865
Capital and reserves
Called up share capital 1 1
Profit and loss account 235,391 229,864
Shareholder's funds 235,392 229,865
Average number of persons employed by the company 2 2
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr I Ahmed
Director
Approved by the board on 3 June 2025
Paradise Properties (bfd) Ltd.
Notes to the Accounts for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price recognised at transaction price net of any transaction costs .
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Average number of persons employed by the company 2 2
3 Tangible fixed assets Land and buildings Fixtures & Fittings Total
Cost £ £ £
At 1 April 2024 221,400 4,526 225,926
Addition 126,741 - 126,741
At 31 March 2025 348,141 4,526 352,667
Depreciation
At 1 April 2024 - 4,526 4,526
At 31 March 2025 - 4,526 4,526
Net book value
At 31 March 2025 348,141 - 348,141
At 31 March 2024 221,400 - 221,400
4 Debtors 2025 2024
£ £
Trade debtors 4,350 3,500
5 Creditors: amounts falling due within one year
Trade creditors - 652
Taxation and social security costs 552 1,115
Other creditors 1,000 1,453
1,552 3,220
6 Creditors: amounts falling due after one year
Other creditors (Director's Loan) 123,741 323,741
7 Other information
Paradise Properties (bfd) Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
196 Silverhill Road Bradford BD3 7JH UK
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