| Registered Number:07801808 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
PARAMOUNTID LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
PARAMOUNTID LTD
Statement of Financial Position
2024
2025
| Property, plant and equipment |
12,334
10,004
2
109,000
109,000
3
121,334
119,004
| Trade and other receivables |
476,979
482,451
4
46,465
| Cash and cash equivalents |
21,946
504,397
523,444
| Trade and other payables: amounts falling due within one |
| year |
(211,626)
(194,858)
5
311,818
309,539
Net current assets
| Total assets less current liabilities |
430,873
430,822
| Trade and other payables: amounts falling due after more |
| than one year |
(34,073)
(25,908)
6
(2,344)
(2,851)
| Provisions for liabilities |
402,621
Net assets
393,898
100
100
402,521
393,798
402,621
393,898
Shareholders' funds
| For the 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. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
PARAMOUNTID LTD
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 21 May 2026 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
PARAMOUNTID LTD
Notes to the Financial Statements
Statutory Information
| PARAMOUNTID LTD is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07801808. |
2nd Floor Tresco House
Oxford Road
Manchester
M1 7EE
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Furniture and Fittings
Investment property
| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2025
PARAMOUNTID LTD
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
37,085
21,757
15,328
5,864
4,511
1,353
16,681
26,268
42,949
| Provision for depreciation and impairment |
27,081
19,862
7,219
Charge for year
3,534
2,114
1,420
30,615
21,976
8,639
8,042
4,292
12,334
8,109
1,895
10,004
| 3. Investments held as fixed assets |
109,000
109,000
109,000
109,000
109,000
109,000
109,000
109,000
| 4. Trade and other receivables |
2024
2025
482,451
476,979
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For the year ended 31 March 2025
PARAMOUNTID LTD
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
6,509
6,576
(1)
(1)
| Taxation and social security |
53,067
56,323
135,283
148,728
194,858
211,626
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
25,908
34,073
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 2)
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