Parador Lodge Limited iXBRL

Company Registration Number: NI645675

Parador Lodge Limited

Unaudited Financial Statements

for the financial year ended 31 May 2026

Parador Lodge Limited

Company Registration Number: NI645675

BALANCE SHEET

as at 31 May 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets

520,603

520,603

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Current Assets

Cash and cash equivalents

8,042

20,564

Creditors: amounts falling due within one year

(360,578)

(411,429)

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Net Current Liabilities

(352,536)

(390,865)

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Total Assets less Current Liabilities

168,067

129,738

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Capital and Reserves

Called up share capital

Retained earnings

168,066

129,737

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Equity attributable to owners of the company

168,067

129,738

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 27 October 2026



________________________________
Mr. Don Campbell
Director

Parador Lodge Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 May 2026

General Information

Parador Lodge Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI645675. The registered office of the company is 69 Old Mountfield Road, Omagh, BT79 7EH, Northern Ireland which is also the principal place of business of the company. The principal activity of this company during the year was that of buying and selling real estate. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 May 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.


3.	Employees

		2026	2025
		Number	Number

	Director	1	1
		═════════	═════════

Tangible assets

Investment

Total

properties

Cost

At 1 June 2025

520,603

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At 31 May 2026

520,603

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Depreciation

At 1 June 2025

─────────

At 31 May 2026

─────────

Net book value

At 31 May 2026

520,603

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At 31 May 2025

520,603

═════════

There has been no external valuation of the Company's investment property during the year. The fair value of the Company's investment property at the year end was determined by the Company's director. In assessing the fair value of the Company's Investment property, the director took into consideration sales values and capitalised rental values achieved on the sale and rental respectively, of comparable investment properties located in the same areas of the Company's investment properties.

Creditors

2026

2025

Amounts falling due within one year

Trade creditors

2,012

2,012

Amounts owed to connected parties (Note 8)

276,194

336,194

Taxation (Note 6)

16,419

7,619

Director's current account

9,035

8,723

Other creditors

55,821

55,821

Accruals

1,097

1,060

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360,578

411,429

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Other creditors are secured apon a charge on 1 Rossmore Avenue, Belfast, BT7 3HB.


6.	Taxation	2026	2025
		£	£

	Creditors:
	VAT	2,000	2,000
	Corporation tax	14,419	5,619
		─────────	─────────
		16,419	7,619
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 May 2026.


8.	Related party transactions

	The following amounts are due to other connected parties:
		2026	2025
		£	£

	Kernan Holdings Limited	276,194	336,194
		═════════	═════════

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

10.

Rental Lease

The company leases its investment property under operating lease arrangements. Rental income recognised in the profit and loss during the period amount to £60,000 (2025: £60,000).

At the balance sheet date, the aggregate future minimum lease payments receivable under non-cancellable operating leases were:

Within 1 year - £60,000

Between 2 and 5 years - £240,000

After 5 years - £145,000

Total liability - £445,000