Company registration number 07441332 (England and Wales)
PARAMOUNT ENTERTAINMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Richard Anthony
Chartered Accountants and Registered Auditors
PARAMOUNT ENTERTAINMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PARAMOUNT ENTERTAINMENTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
77,149
72,679
Cash at bank and in hand
984
1,343
78,133
74,022
Creditors: amounts falling due within one year
5
(136,134)
(96,754)
Net current liabilities
(58,001)
(22,732)
Creditors: amounts falling due after more than one year
6
(342)
(6,292)
Net liabilities
(58,343)
(29,024)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(58,443)
(29,124)
Total equity
(58,343)
(29,024)

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 18 February 2026
Mrs J Sanders
Director
Company registration number 07441332 (England and Wales)
PARAMOUNT ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Paramount Entertainments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor Cooper House, 316 Regents Park Road, London, United Kingdom, N3 2JX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern
The financial statements have been prepared on a going concern basis and should the company be unable to continue trading then adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilites that might arise and to reclassify fixed assets as current assets.true
1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Straight line over 5 years
Fixtures, fittings & equipment
Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PARAMOUNT ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

PARAMOUNT ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
515,885
35,056
550,941
Depreciation and impairment
At 1 April 2024 and 31 March 2025
515,885
35,056
550,941
Carrying amount
At 31 March 2025
-
0
-
0
-
0
At 31 March 2024
-
0
-
0
-
0
PARAMOUNT ENTERTAINMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
342
342
Other debtors
72,307
72,337
Prepayments and accrued income
4,500
-
0
77,149
72,679
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
6,600
6,600
Other borrowings
-
0
21,364
Trade creditors
37,291
15,251
Taxation and social security
3,639
3,556
Other creditors
86,204
41,102
Accruals and deferred income
2,400
8,881
136,134
96,754

6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
342
6,292

The bank loans facility is supported by the UK Government Bounce Back Loan Scheme guarantee and interest is charged at 2.5% per annum.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
8
Related party transactions

As at the balance sheet date, there was an amount of £86,204 (2024 - £41,102 ) was due to Madeira Leisure Limited, a company under common control.

2025-03-31 2024-04-01 false false false 18 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs J Sanders 07441332 2024-04-01 2025-03-31 07441332 2025-03-31 07441332 2024-03-31 07441332 core:WithinOneYear 2025-03-31 07441332 core:WithinOneYear 2024-03-31 07441332 core:AfterOneYear 2025-03-31 07441332 core:AfterOneYear 2024-03-31 07441332 core:CurrentFinancialInstruments 2025-03-31 07441332 core:CurrentFinancialInstruments 2024-03-31 07441332 core:ShareCapital 2025-03-31 07441332 core:ShareCapital 2024-03-31 07441332 core:RetainedEarningsAccumulatedLosses 2025-03-31 07441332 core:RetainedEarningsAccumulatedLosses 2024-03-31 07441332 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07441332 core:ShareCapitalOrdinaryShareClass1 2024-03-31 07441332 bus:Director1 2024-04-01 2025-03-31 07441332 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 07441332 core:FurnitureFittings 2024-04-01 2025-03-31 07441332 2023-04-01 2024-03-31 07441332 core:LandBuildings 2024-03-31 07441332 core:OtherPropertyPlantEquipment 2024-03-31 07441332 2024-03-31 07441332 core:LandBuildings 2025-03-31 07441332 core:OtherPropertyPlantEquipment 2025-03-31 07441332 core:LandBuildings 2024-03-31 07441332 core:OtherPropertyPlantEquipment 2024-03-31 07441332 core:Non-currentFinancialInstruments 2025-03-31 07441332 core:Non-currentFinancialInstruments 2024-03-31 07441332 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07441332 bus:OrdinaryShareClass1 2025-03-31 07441332 bus:OrdinaryShareClass1 2024-03-31 07441332 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07441332 bus:FRS102 2024-04-01 2025-03-31 07441332 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07441332 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07441332 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP