Paradise Music Limited
05166823
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 30/06/2004
COMPANY DIRECTOR
BRITISH · Age 73
Also on 1 other board
director · Since 06/04/2023
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 60
Persons with Significant Control
Mr Neil Forester Worgan
British · United States · Age 73
3104 Strada Bella Court, Naples, Florida
Notified 14/08/2024
Mr James Trott
British · United Kingdom · Age 60
Paradise House, Cei Bach Road, Llanarth, SA47 0QA
Notified 14/08/2024
Former PSCs
Mr James Trott
Ceased 28/10/2023
Mr Neil Forester Worgan
Ceased 28/10/2023
CompanyRankvs 1317+ SIC 59200 peers64
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
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 historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company
Key FinancialsYear ending 31/10/2025
Net Worth
£7k
Balance sheet strength
Cash
£70k
Cash in the bank
Net Current Assets
£4k
Working capital
Current Assets
£150k
Current Liabilities
£146k
Fixed Assets
£4k
Debtors
£80k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.02 | -£24k |
| 2024 | 1.29 | -£54k |
| 2023 | 1.58 | -£30k |
| 2022 | 2.68 | -£43k |
| 2021 | 5.00 | — |
Derived from filed accounts. Not audited figures.