| Paragon Flooring Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 November 2024 |
648,023 |
|
|
At 31 October 2025 |
648,023 |
|
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The company's investments at 31st October 2025 comprise a 100% holding of ordinary shares in Paragon Contracts Limited (company number 01280790). |
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2025 |
|
2024 |
| £ |
£ |
|
|
Aggregate capital and reserves |
1,042,352 |
|
1,011,204 |
|
Profit for the year |
42,898 |
|
11,992 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
646,637 |
|
646,637 |
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Royal Bank of Scotland PLC have a fixed and floating legal charge registered at Companies House over all property and assets present and future. |
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| 5 |
Related party transactions |
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Dividends totalling £11,750 (2024 £12,100) were paid in the year to Mr L. Wilkshire who is the ultimate controlling party. |
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Other creditors includes amounts due to Paragon Contracts Limited of £646,637 (2024 £646,637). Paragon Flooring Limited owns 100% of the shares in Paragon Contracts Limited. |
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| 6 |
Other information |
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Paragon Flooring Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
60 Chapel View |
|
South Croydon |
|
Surrey |
|
CR2 7LJ |