REGISTERED NUMBER: 13269092 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Sunrise Paragon Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

568,187

514,267

CURRENT ASSETS

Cash at bank

129,115

59,326

CREDITORS

Amounts falling due within one year

5

2,850

1,478

NET CURRENT ASSETS

126,265

57,848

TOTAL ASSETS LESS CURRENT LIABILITIES

694,452

572,115

CREDITORS

Amounts falling due after more than one year

6

698,504

598,504

NET LIABILITIES

(4,052

)

(26,389

)

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

(4,252

)

(26,589

)

SHAREHOLDERS' FUNDS

(4,052

)

(26,389

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th December 2025 and were signed by:

Dr S K Chhetri - Director

1.	COMPANY INFORMATION

Sunrise Paragon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13269092

Registered office:

The Lexicon

Mount Street

Manchester

M2 5NT

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 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 as modified by the revaluation of certain assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rentals received are recognised on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2024

514,267

Additions

39,187

Revaluations

14,733

At 31st March 2025

568,187

NET BOOK VALUE

At 31st March 2025

568,187

At 31st March 2024

514,267

Investment Property

Purchased on 23 June 2021 - Flat, 81 Laburnum Grove, St Helen Auckland, Auckland, DL14 9GH

Purchased on 4 October 2021 - 3 Minch Road, Hartlepool, Durham, TS25 3QY

Purchased on 13 February 2023 - 54 Hamnett Court, Birchwood, Warrington, Cheshire, WA3 7AG

Purchased on 15 September 2023 - 19 Lowndes Road, Liverpool, L6 4AE

Purchased on 10 March 2024 - 5 East View, Horden, Peterlee County, Durham, SR8 4DR

Purchased on 31 July 2024 - 9 Twelfth Street, Horden, Peterlee County, Durham, SR8 4QH

Cost or valuation at 31st March 2025 is represented by:

£

Valuation in 2023

338,841

Valuation in 2024

175,426

Valuation in 2025

53,920

568,187

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

1,784

-

Directors' current accounts

366

884

Accrued expenses

700

594

2,850

1,478

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 7)

179,404

179,404

Amounts owed to associates

519,100

419,100

698,504

598,504

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due between two and five years:

Other loans - 2-5 years

179,404

179,404

The investment property with an initial costs of £145,696 has been pledged in favour of Charter Court Financial Services Limited to secure borrowings of the company. The company is not allowed to pledge this asset as security for other borrowings or to sell it to another entity until this charge is settled. The company has a mortgage deed from the 9 January 2024 in regard to the property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A

1

100

100

100

Ordinary B

1

100

100

200

200

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

Ordinary B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B shares rank pari passu in terms of dividend and capital distribution rights.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Dr S K Chhetri

Balance outstanding at start of year

(884

)

(425

)

Amounts advanced

884

-

Amounts repaid

(366

)

(459

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(366

)

(884

)

10.	RELATED PARTY DISCLOSURES

Included in the creditors is a loan from Elu & Aru Limited, a company under mutual control. This loan of £519,100 is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr S K Chhetri.