REGISTERED NUMBER: 10074874 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PARACLETE PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr KA Alford

SECRETARY:

Mrs FM Alford

REGISTERED OFFICE:

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

REGISTERED NUMBER:

10074874 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

172

344

Investment property

5

475,000

475,000

475,172

475,344

CURRENT ASSETS

Debtors

6

360

344

Cash at bank

417

1,587

777

1,931

CREDITORS

Amounts falling due within one year

7

2,811

1,697

NET CURRENT (LIABILITIES)/ASSETS

(2,034

)

234

TOTAL ASSETS LESS CURRENT LIABILITIES

473,138

475,578

CREDITORS

Amounts falling due after more than one year

8

496,415

494,894

NET LIABILITIES

(23,277

)

(19,316

)

CAPITAL AND RESERVES

Called up share capital

40

40

Fair value reserve

10

87,575

87,575

Retained earnings

(110,892

)

(106,931

)

SHAREHOLDERS' FUNDS

(23,277

)

(19,316

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 1st December 2025 and were signed by:

Mr KA Alford - Director

1.	STATUTORY INFORMATION

Paraclete Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

The financial statements have been prepared on a going concern basis not withstanding that at 31 March 2025 the company had net current liabilities of £2,034. The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

688

1,428

2,116

Disposals

-

(229

)

(229

)

At 31st March 2025

688

1,199

1,887

DEPRECIATION

At 1st April 2024

344

1,428

1,772

Charge for year

172

-

172

Eliminated on disposal

-

(229

)

(229

)

At 31st March 2025

516

1,199

1,715

NET BOOK VALUE

At 31st March 2025

172

-

172

At 31st March 2024

344

-

344

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

475,000

NET BOOK VALUE

At 31st March 2025

475,000

At 31st March 2024

475,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2020

7,633

Valuation in 2021

19,942

Valuation in 2022

20,000

Valuation in 2023

25,000

Valuation in 2024

15,000

Cost

387,425

475,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

387,425

387,425

Investment property was valued on an open market basis on 31st March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

360

344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

2,811

1,697

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

258,418

257,202

Other creditors

237,997

237,692

496,415

494,894

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

258,418

257,202

The bank loans are secured by a fixed charge against the investment properties.

10.

RESERVES

Fair

value

reserve

£

At 1st April 2024

and 31st March 2025

87,575