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Registration number: 03001451

Paradebase Limited
Annual Report and Unaudited Financial Statements Year Ended 30 March 2026

Chartered Accountants

Paradebase Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 11

Paradebase Limited

Company Information

Director | Mr P Jones

Company secretary | Mrs H Jones

Registered office | Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants | Edwards and Keeping Limited Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Paradebase Limitedfor the Year Ended 30 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paradebase Limited for the year ended 30 March 2026 as set out on pages 3 to 11 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 Paradebase Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of Paradebase Limited and state those matters that we have agreed to state to the Board of Directors of Paradebase 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 Paradebase Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Paradebase 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 Paradebase Limited. You consider that Paradebase 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 Paradebase 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.

Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2 June 2026

Paradebase Limited

(Registration number: 03001451)
Balance Sheet as at 30 March 2026

| Note | 2026 | 2025
|  | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 69 |  | 94
Investment property | 6 |  | 1,364,000 |  | 1,330,000
Investments | 7 |  | 359,444 |  | -
|  |  | 1,723,513 |  | 1,330,094
Current assets |  |  |  |  |
Debtors | 8 | 150,192 |  | 121,138 |
Cash at bank and in hand |  | 51,558 |  | 58,051 |
|  | 201,750 |  | 179,189 |
Creditors: Amounts falling due within one year | 9 | (476,241) |  | (491,254) |
Net current liabilities |  |  | (274,491) |  | (312,065)
Total assets less current liabilities |  |  | 1,449,022 |  | 1,018,029
Provisions for liabilities |  |  | (52,674) |  | (44,156)
Net assets |  |  | 1,396,348 |  | 973,873
Capital and reserves |  |  |  |  |
Called up share capital | 10 | 34,228 |  | 25,000 |
Share premium reserve |  | 350,216 |  | - |
Fair value reserve |  | 368,179 |  | 342,679 |
Profit and loss account |  | 643,725 |  | 606,194 |
Total equity |  |  | 1,396,348 |  | 973,873

For the financial year ending 30 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Paradebase Limited

(Registration number: 03001451)
Balance Sheet as at 30 March 2026

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 June 2026

Mr P Jones Director |  |

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

1 | General information

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

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
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.

Going concern

The financial statements show net current liabilities. However, the financial statements have been prepared on a going concern basis as the director has confirmed that they will continue to support the company to ensure it meets its debts as they fall due, for a period of at least twelve months from the date of signing the Balance Sheet.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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
Furniture, fittings and equipment | 25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 25 | 33

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 31 March 2025 | 8,928 | 8,928
At 30 March 2026 | 8,928 | 8,928
Depreciation
At 31 March 2025 | 8,834 | 8,834
Charge for the year | 25 | 25
At 30 March 2026 | 8,859 | 8,859
Carrying amount
At 30 March 2026 | 69 | 69
At 30 March 2025 | 94 | 94

6 | Investment properties

| 2026 £
At 1 April 2025 | 1,330,000
Fair value adjustments | 34,000
At 30 March 2026 | 1,364,000

The investment properties class of fixed assets were adjusted on 30 March 2026 to fair value by Mr P Jones, who is internal to the company. The basis of valuation was open market value.
The class of assets has a current value of £1,364,000 (2025 - £1,330,000) and a carrying amount at historical cost of £943,166 (2025 - £943,166). The depreciaton on this historical cost is nil (2025 - nil).
There has been no valuation of investment property by an independent valuer.

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

7 | Investments

| 2026 £ | 2025 £
Investments in subsidiaries | 359,444 | -

Subsidiaries | £
Cost or valuation
Additions | 359,444
Provision
Carrying amount
At 30 March 2026 | 359,444

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2026 | 2025
Subsidiary undertakings
Weymouth Watercraft Limited | Unity Chambers, 34 High East Street, Dorchester, Dorset, DT1 1HA. England & Wales | A Ordinary shares | 100% | 0%

Subsidiary undertakings
Weymouth Watercraft Limited The principal activity of Weymouth Watercraft Limited is Property rental. Its financial period end is 31 March.

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

8 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | - | 350
Prepayments | - | 680
Other debtors | 150,192 | 120,108
| 150,192 | 121,138

9 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 12,235 | 13,047
Accruals and deferred income | 4,501 | 4,576
Other creditors | 459,505 | 473,631
| 476,241 | 491,254

10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
A Ordinary of £1 each | 25,000 | 25,000 | 25,000 | 25,000
D Ordinary of £1 (2025 - £0) each | 9,228 | 9,228 | - | -
| 34,228 | 34,228 | 25,000 | 25,000

11 | Related party transactions

Summary of transactions with subsidiaries

During the year the company maintained an interest free loan, which is repayable on demand. At the balance sheet date the amount owing to the subsidiary was £140,493 ( 2025 - £140,493)

Paradebase Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 March 2026

Summary of transactions with other related parties

During the year the director maintained an interest free loan, which is repayable on demand. At the
balance sheet date the amount owing to the director was £3,138 (2025 - £208,138)
Within creditors is a loan from a company in which the director is a member of the key management
personnel, which is interest free and repayable on demand, At the balance sheet date the amount due
by the company was £315,000 (2025 - £125,000).
Within debtors is a loan to a company in which the director is a member of the key management personnel, which is interest free and repayable on demand. At the balance sheet date the amount due to the company was £150,108 ( 2025 - £120,108).