REGISTERED NUMBER: SC388750 (Scotland)

Unaudited Financial Statements for the Year Ended 30th November 2025

for

Paragon (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Smith

P B Smith

Ms F Bogdan

S M Brigham

REGISTERED OFFICE:

5 Machrie Drive

Helensburgh

G84 9EJ

REGISTERED NUMBER:

SC388750 (Scotland)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

4

780,858

807,861

CURRENT ASSETS

Debtors

5

632,991

1,358,831

Cash at bank

720,259

341,488

1,353,250

1,700,319

CREDITORS

Amounts falling due within one year

6

(535,652

)

(1,326,756

)

NET CURRENT ASSETS

817,598

373,563

TOTAL ASSETS LESS CURRENT LIABILITIES

1,598,456

1,181,424

CREDITORS

Amounts falling due after more than one year

7

-

(5,000

)

NET ASSETS

1,598,456

1,176,424

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

800,000

-

Retained earnings

8

798,356

1,176,324

1,598,456

1,176,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 27th October 2026 and were signed on its behalf by:

Mrs A Smith - Director

1.	STATUTORY INFORMATION

Paragon (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

50% on cost and 20% on reducing balance

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 117 (2024 - 102 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st December 2024

800,665

34,021

834,686

Additions

-

17,815

17,815

At 30th November 2025

800,665

51,836

852,501

DEPRECIATION

At 1st December 2024

20,000

26,825

46,825

Charge for year

12,000

12,818

24,818

At 30th November 2025

32,000

39,643

71,643

NET BOOK VALUE

At 30th November 2025

768,665

12,193

780,858

At 30th November 2024

780,665

7,196

787,861

The director sees no benefit in revaluing the assets.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Other debtors

631,099

1,318,086

Directors' current accounts

1,892

-

Prepayments

-

40,745

632,991

1,358,831

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

64,155

14,980

Tax

212,799

156,596

Social security and other taxes

108,010

85,358

Pensions

14,057

10,711

VAT

14,068

57,936

Other creditors

113,743

920,297

Directors' current accounts

-

61,808

Accrued expenses

8,820

9,070

535,652

1,326,756

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans - 2-5 years

-

5,000

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st December 2024

1,156,324

-

1,156,324

Profit for the year

142,032

142,032

Dividends

(500,000

)

(500,000

)

Capital contribution reserve

-

800,000

800,000

At 30th November 2025

798,356

800,000

1,598,356

9.	RELATED PARTY DISCLOSURES

The company is under common control and ownership with Touchstone Education LLP, an entity in which the directors of the company are also members. During a prior period (the year ended 30 November 2023), Touchstone Education LLP transferred a freehold commercial property to the company via a non-cash capital contribution. The property is utilised by the company as its operational head office.The transaction was executed at an independent professional market valuation of £800,000. No financial consideration was paid or is payable by the company in respect of this transfer, and the contribution has been credited directly to the Capital Contribution Reserve within Equity.

At the balance sheet date of 30 November 2025, the total amount outstanding or owed to the related party in respect of this transaction is £Nil (2024: £Nil).