Pargon Limited 04627891 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is residential care home services. Digita Accounts Production Advanced 6.30.9574.0 true 04627891 2024-02-01 2025-01-31 04627891 2025-01-31 04627891 bus:Director1 1 2025-01-31 04627891 bus:OrdinaryShareClass1 2025-01-31 04627891 core:RetainedEarningsAccumulatedLosses 2025-01-31 04627891 core:ShareCapital 2025-01-31 04627891 core:CurrentFinancialInstruments 2025-01-31 04627891 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 04627891 core:FurnitureFittingsToolsEquipment 2025-01-31 04627891 bus:SmallEntities 2024-02-01 2025-01-31 04627891 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 04627891 bus:FilletedAccounts 2024-02-01 2025-01-31 04627891 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04627891 bus:RegisteredOffice 2024-02-01 2025-01-31 04627891 bus:Director1 2024-02-01 2025-01-31 04627891 bus:Director1 1 2024-02-01 2025-01-31 04627891 bus:Director2 2024-02-01 2025-01-31 04627891 bus:Director3 2024-02-01 2025-01-31 04627891 bus:Director4 2024-02-01 2025-01-31 04627891 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 04627891 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04627891 bus:Agent1 2024-02-01 2025-01-31 04627891 core:FurnitureFittings 2024-02-01 2025-01-31 04627891 core:AllAssociates 2024-02-01 2025-01-31 04627891 core:OtherRelatedParties 2024-02-01 2025-01-31 04627891 countries:England 2024-02-01 2025-01-31 04627891 2024-01-31 04627891 bus:Director1 1 2024-01-31 04627891 core:FurnitureFittingsToolsEquipment 2024-01-31 04627891 2023-02-01 2024-01-31 04627891 2024-01-31 04627891 bus:Director1 1 2024-01-31 04627891 bus:OrdinaryShareClass1 2024-01-31 04627891 core:RetainedEarningsAccumulatedLosses 2024-01-31 04627891 core:ShareCapital 2024-01-31 04627891 core:CurrentFinancialInstruments 2024-01-31 04627891 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04627891 bus:Director1 2023-02-01 2024-01-31 04627891 bus:Director1 1 2023-02-01 2024-01-31 04627891 bus:Director1 1 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04627891

Pargon Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Pargon Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Pargon Limited

Company Information

Directors | I Hutchinson J Hutchinson J Hutchinson R Hutchinson

Registered office | Wellesley House 204 London Road Waterlooville Hampshire England PO7 7AN

Accountants | MMO Limited Chartered AccountantsWellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pargon Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pargon Limited for the year ended 31 January 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Pargon Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pargon Limited and state those matters that we have agreed to state to the Board of Directors of Pargon Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pargon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pargon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pargon Limited. You consider that Pargon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Pargon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

23 January 2026

Pargon Limited

(Registration number: 04627891)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 5 | 683,504 | 1
Cash at bank and in hand |  | 341 | 534
|  | 683,845 | 535
Creditors: Amounts falling due within one year | 6 | (687,270) | (5,049)
Net liabilities |  | (3,425) | (4,514)
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | (3,427) | (4,516)
Shareholders' deficit |  | (3,425) | (4,514)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 January 2026 and signed on its behalf by:

......................................... I Hutchinson Director

Pargon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Pargon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixture and fttings | fully depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Pargon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 1,974 | 1,974
At 31 January 2025 | 1,974 | 1,974
Depreciation
At 1 February 2024 | 1,974 | 1,974
At 31 January 2025 | 1,974 | 1,974
Carrying amount
At 31 January 2025 | - | -

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 683,504 | 1
| 683,504 | 1

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 3,016 | 448
Accruals and deferred income | 2,500 | 1,250
Other creditors | 681,754 | 3,351
| 687,270 | 5,049

Pargon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 2 | 2 | 2 | 2

8 | Related party transactions

Transactions with directors

2025 | At 1 February 2024 £ | Advances to director £ | At 31 January 2025 £
I Hutchinson
Undated, unsecured and interest free directors loan account which is repayable on demand. | - | 683,504 | 683,504

2024 | At 1 February 2023 £ | Repayments by director £ | Other payments made to company by director £ | At 31 January 2024 £
I Hutchinson
Undated, unsecured and interest free directors loan account which is repayable on demand. | 3,265 | (3,265) | - | -

Summary of transactions with associates

Forest Gate Healthcare Limited
The director of Pargon Limited, Mr I Hutchinson, is also a director of Forest Gate Healthcare Limited. During the year Pargon Limited received management fees of £38,000 (2024 £38,000) from Forest Gate Healthcare Limited.
At the balance sheet date the amount due to Forest Gate was £6,350 (2024 £3,350)

Summary of transactions with other related parties

Pargon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

QPSD Limited
The director of Pargon Limited, Mr I Hutchinson is also a director of QPSD Limited.
At the balance sheet date the amount due to QPSD was £675,404 (2024 £NIL).