REGISTERED NUMBER: 12704089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PARAGON SPACE HIRE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

G L E Foster

REGISTERED OFFICE:

4 Forkerleys

Hedon Road

Burstwick

Hull

E. Yorks

HU12 9HA

REGISTERED NUMBER:

12704089 (England and Wales)

ACCOUNTANTS:

Majors Limited

57 Spyvee Street

Hull

E. Yorks

HU8 7JJ

FIXED ASSETS

Intangible assets

4

4,685

-

Tangible assets

5

1,244,539

1,135,625

1,249,224

1,135,625

CURRENT ASSETS

Debtors

6

289,204

76,397

Cash at bank

51,971

165,427

341,175

241,824

CREDITORS

Amounts falling due within one year

7

668,627

648,233

NET CURRENT LIABILITIES

(327,452

)

(406,409

)

TOTAL ASSETS LESS CURRENT LIABILITIES

921,772

729,216

CREDITORS

Amounts falling due after more than one year

8

(273,280

)

(186,485

)

PROVISIONS FOR LIABILITIES

(89,188

)

(67,924

)

NET ASSETS

559,304

474,807

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

559,254

474,757

SHAREHOLDERS' FUNDS

559,304

474,807

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

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

The director acknowledges his 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.

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 director and authorised for issue on 4 March 2026 and were signed by:

G L E Foster - Director

1.	STATUTORY INFORMATION

Paragon Space Hire Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 10% on cost

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

4,685

At 31 October 2025

4,685

NET BOOK VALUE

At 31 October 2025

4,685

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

1,410,029

Additions

262,379

At 31 October 2025

1,672,408

DEPRECIATION

At 1 November 2024

274,404

Charge for year

153,465

At 31 October 2025

427,869

NET BOOK VALUE

At 31 October 2025

1,244,539

At 31 October 2024

1,135,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

78,565

71,397

Other debtors

196,139

1,000

Directors' current accounts

14,500

4,000

289,204

76,397

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

100,222

50,841

Trade creditors

162

4,335

Tax

13,004

50,870

Social security and other taxes

437

600

VAT

26,600

25,007

Other creditors

64,040

54,157

Accrued expenses

464,162

462,423

668,627

648,233

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

113,550

57,732

Bank loans - 2-5 years

159,730

128,753

273,280

186,485

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

G L E Foster

Balance outstanding at start of year

4,000

-

Amounts advanced

10,500

4,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,500

4,000