Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02277743 Mr Jeffrey Glaskie Mr James Glaskie Mr Charles Glaskie Mr James Glaskie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02277743 2024-03-31 02277743 2025-03-31 02277743 2024-04-01 2025-03-31 02277743 frs-core:CurrentFinancialInstruments 2025-03-31 02277743 frs-core:Non-currentFinancialInstruments 2025-03-31 02277743 frs-core:BetweenOneFiveYears 2025-03-31 02277743 frs-core:MotorVehicles 2025-03-31 02277743 frs-core:MotorVehicles 2024-04-01 2025-03-31 02277743 frs-core:MotorVehicles 2024-03-31 02277743 frs-core:PlantMachinery 2025-03-31 02277743 frs-core:PlantMachinery 2024-04-01 2025-03-31 02277743 frs-core:PlantMachinery 2024-03-31 02277743 frs-core:WithinOneYear 2025-03-31 02277743 frs-core:ShareCapital 2025-03-31 02277743 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02277743 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02277743 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02277743 frs-bus:SmallEntities 2024-04-01 2025-03-31 02277743 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02277743 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02277743 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 02277743 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 02277743 frs-bus:Director1 2024-04-01 2025-03-31 02277743 frs-bus:Director2 2024-04-01 2025-03-31 02277743 frs-bus:Director3 2024-04-01 2025-03-31 02277743 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 02277743 frs-countries:EnglandWales 2024-04-01 2025-03-31 02277743 2023-03-31 02277743 2024-03-31 02277743 2023-04-01 2024-03-31 02277743 frs-core:CurrentFinancialInstruments 2024-03-31 02277743 frs-core:Non-currentFinancialInstruments 2024-03-31 02277743 frs-core:BetweenOneFiveYears 2024-03-31 02277743 frs-core:WithinOneYear 2024-03-31 02277743 frs-core:ShareCapital 2024-03-31 02277743 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02277743 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 02277743
Paramount Construction (Property Company) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Paramount Construction (Property Company) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Paramount Construction (Property Company) Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 02277743

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 47,294 |  | 22,317
Investment Properties | 5 |  | 1,487,500 |  | 1,487,500
|  |  | 1,534,794 |  | 1,509,817
CURRENT ASSETS
Debtors | 6 | 62,890 |  | 200 |
Cash at bank and in hand |  | 157,538 |  | 509,914 |
|  | 220,428 |  | 510,114 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,156,525 ) |  | (1,393,930 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (936,097 ) |  | (883,816 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 598,697 |  | 626,001
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (30,468 ) |  | (9,565 )
NET ASSETS |  |  | 568,229 |  | 616,436
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Fair value reserve | 11 |  | 560,619 |  | 560,619
Profit and Loss Account |  |  | 7,510 |  | 55,717
SHAREHOLDERS' FUNDS |  |  | 568,229 |  | 616,436

Page 1
Page 2
Paramount Construction (Property Company) Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr James Glaskie Director
24/07/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Paramount Construction (Property Company) Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Paramount Construction (Property Company) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02277743 . The registered office is Oakhill Court, 171 Bury New Road, Prestwich, Manchester, M25 9ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 10% reducing balance
Motor Vehicles | 25% reducing balance

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Paramount Construction (Property Company) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 12,300 | 48,990 | 61,290
Additions | - | 51,990 | 51,990
Disposals | - | (48,990 ) | (48,990 )
As at 31 March 2025 | 12,300 | 51,990 | 64,290
Depreciation
As at 1 April 2024 | 5,483 | 33,490 | 38,973
Provided during the period | 682 | 10,831 | 11,513
Disposals | - | (33,490 ) | (33,490 )
As at 31 March 2025 | 6,165 | 10,831 | 16,996
Net Book Value
As at 31 March 2025 | 6,135 | 41,159 | 47,294
As at 1 April 2024 | 6,817 | 15,500 | 22,317

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 and 31 March 2025 | 1,487,500

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 62,890 |  | -
Other debtors | - |  | 200
| 62,890 |  | 200

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 6,584 |  | 6,885
Trade creditors | 1,918 |  | 1,428
Corporation tax | 43,456 |  | 42,289
VAT | 34,111 |  | 25,763
Accruals and deferred income | 5,200 |  | 5,200
Amounts owed to related parties | 1,065,256 |  | 1,312,365
| 1,156,525 |  | 1,393,930

Page 4
Page 5
Paramount Construction (Property Company) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 30,468 |  | 9,565

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 6,584 |  | 6,885
Later than one year and not later than five years | 30,468 |  | 9,565
| 37,052 |  | 16,450
| 37,052 |  | 16,450

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 April 2024 | 560,619
As at 31 March 2025 | 560,619

Page 5