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REGISTERED NUMBER: 07636451

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Paignton Limited

| Paignton Limited (Registered number: 07636451) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Paignton Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr S A Wright

| Mrs D Wright

| REGISTERED OFFICE: | 73 Gilkes Street

| Middlesbrough

| TS1 5EH

| REGISTERED NUMBER: | 07636451

| Paignton Limited (Registered number: 07636451) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 78,083 |  | 98,104 |  |

Investments | 5 | 2 |  | 102 |  |

78,085 |  | 98,206 |  |

CURRENT ASSETS

Stocks | 6 | 60,000 |  | 61,900 |  |

Debtors | 7 | 3,216,480 |  | 3,292,637 |  |

Cash at bank | 15,184 |  | 31,473 |  |

3,291,664 |  | 3,386,010 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 8 | 1,223,214 |  | 1,312,397 |  |

NET CURRENT ASSETS | 2,068,450 |  | 2,073,613 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,146,535 |  | 2,171,819 |  |

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | 9 | (138,846 | ) | (117,685 | ) |

PROVISIONS FOR LIABILITIES | 12 | (14,835 | ) | (19,590 | ) |

NET ASSETS | 1,992,854 |  | 2,034,544 |  |

CAPITAL AND RESERVES

Called up share capital | 200,100 |  | 200,100 |  |

Retained earnings | 1,792,754 |  | 1,834,444 |  |

1,992,854 |  | 2,034,544 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| Paignton Limited (Registered number: 07636451) |

Balance Sheet - continued

31 March 2025

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 Board of Directors and authorised for issue on 17 March 2026 and were signed on its behalf by:

Mr S A Wright - Director

| Paignton Limited (Registered number: 07636451) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Paignton Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

| There were no material departures from that standard.

| The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| 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.

| Equipment & fittings - 10% on cost

| Motor vehicles - 25% on reducing balance

| Office equipment - 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

| 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.

| Paignton Limited (Registered number: 07636451) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Income recognition

| Income is recognised when a contract for the sale of goods is determined as unconditional.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 36 (2024 - 46 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 548,954 |  |

| DEPRECIATION

| At 1 April 2024 | 450,850 |  |

| Charge for year | 20,021 |  |

| At 31 March 2025 | 470,871 |  |

| NET BOOK VALUE

| At 31 March 2025 | 78,083 |  |

| At 31 March 2024 | 98,104 |  |

| Paignton Limited (Registered number: 07636451) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024 | 102 |  |

| Disposals | (100 | ) |

| At 31 March 2025 | 2 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2 |  |

| At 31 March 2024 | 102 |  |

6. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Stocks | 60,000 |  | 61,900 |  |

7. | DEBTORS

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 4,584 |  | - |  |

| Amounts owed by group undertakings | 325,673 |  | 348,250 |  |

| Prepayments | 336,154 |  | 399,625 |  |

666,411 |  | 747,875 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 2,550,069 |  | 2,544,762 |  |

| Aggregate amounts | 3,216,480 |  | 3,292,637 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts (see note 10) | 53,930 |  | 54,590 |  |

| Other loans (see note 10) | 106,450 |  | 109,000 |  |

| Trade creditors | 371,753 |  | 323,104 |  |

| Social security and other taxes | 248,987 |  | 226,692 |  |

| VAT | 326,391 |  | 297,571 |  |

| Other creditors | 107,839 |  | 71,856 |  |

| Directors' current accounts | 3,914 |  | 225,634 |  |

| Accruals and deferred income | 3,950 |  | 3,950 |  |

1,223,214 |  | 1,312,397 |  |

| Paignton Limited (Registered number: 07636451) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other loans (see note 10) | 138,846 |  | 117,685 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 53,930 |  | 54,590 |  |

| Other loans | 106,450 |  | 109,000 |  |

160,380 |  | 163,590 |  |

| Amounts falling due between one and two years:

| Other loans - 1-2 years | 93,012 |  | 85,000 |  |

| Amounts falling due between two and five years:

| Other loans - 2-5 years | 45,834 |  | 32,685 |  |

11. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 235,000 |  | 235,000 |  |

| Between one and five years | 287,917 |  | 287,917 |  |

522,917 |  | 522,917 |  |

12. | PROVISIONS FOR LIABILITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Deferred tax | 14,835 |  | 19,590 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 19,590 |  |

| Provided during year | (4,755 | ) |

| Timing difference |

| Balance at 31 March 2025 | 14,835 |  |