The Paragon Gift Shop Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 06105241

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,848		8,773
Tangible Assets	5		173		228

			6,021		9,001
CURRENT ASSETS
Stocks		65,568		80,500

		65,568		80,500
Creditors: Amounts Falling Due Within One Year		(46,547 )		(43,695 )

NET CURRENT ASSETS (LIABILITIES)			19,021		36,805

TOTAL ASSETS LESS CURRENT LIABILITIES			25,042		45,806

Creditors: Amounts Falling Due After More Than One Year			(4,155 )		(7,438 )

NET ASSETS			20,887		38,368

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			20,787		38,268

SHAREHOLDERS' FUNDS			20,887		38,368

Page 1

Page 2

The Paragon Gift Shop Limited

Abridged 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Martin Wright Director	Mrs Alison Wright Director
11/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Paragon Gift Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06105241 . The registered office is 3 Lowther Gardens, Grange-over-Sands, Cumbria, LA11 7EX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	20% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	58,498

As at 31 March 2025	58,498

Amortisation
As at 1 April 2024	49,725
Provided during the period	2,925

As at 31 March 2025	52,650

...CONTINUED

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Page 4

The Paragon Gift Shop Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	5,848

As at 1 April 2024	8,773

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	15,943

As at 31 March 2025	15,943

Depreciation
As at 1 April 2024	15,715
Provided during the period	55

As at 31 March 2025	15,770

Net Book Value
As at 31 March 2025	173

As at 1 April 2024	228

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.000 each	100	100

7. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.