REGISTERED COMPANY NUMBER: 05676918 (England and Wales) REGISTERED CHARITY NUMBER: 1113593 REPORT OF THE TrUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR PARAISO SCHOOL OF SAWIBA
PARAISO SCHOOL OF SAMBA CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025 Page Report of the Trustees 1 to 4 Independent Examinerfs Report Statsment of Financial Activities Balance Sheet Notes to the Financial Statsments 9 to 17 Detailed Ststement of Flnanclal Activltles 18 to 19
PARAISO SCHOOL OF SAMBA REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with Ihe financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irdand (FRS 102) (effective 1 January 2019). EXECUTIVE SUMMARY This report describes the activities Paraiso School of Samba carried out in the year ended 31 March 2025 to achieve our charitsble purposes and how this has been done for public benefit. Our grant from Art5 Council England, together with income from our fund-raising actlvitles, enabled us to dellver. Major camivals and events including Notting Hill Carnival and Luton Intemational Camival. Almost 200 public open-access samba dance and percussion workshops - maintalnlng our position as the largest provider of samba workshops In the UK. Vlsits to the UK by leading camival artists from Rio de Janeiro. We provided In-klnd support lo the disabled camival group Par8camival. We received a grant of £116,458 in this year as a National Portfolio Organisation of Arts Council England. We received a further grant from Arts Council EnglarKI of £11,890 for a relocation feasibility study. That study conduded that relocating to Luton was sensible and, consequently, our Registered Office Is now in Luton and we are in the process of expanding our activities there. We received a grant of £15,000 from London Borough of Southwark to provide, in conjunction with two other Latin community groups, activities to help mitigate health inequalities In the marginalised Latin community in that borough. We also received a grant of £2,000 from United St Saviours Charity lowards participation. with two other Latin community groups. in London New Yearfs Day Parade. We would Ilke to thank our funders, donors, volunteers, and all those who participated in and attended our events. OBJECTIVES AND ACTIVITIES Objects and alms a. Objects and alms The Objects of Paralso School of Samba are 0 advance educalion for the public benefit through the promotion of the arts wilh particular but not exclusive reference to samba culture, music, dance and camival arts in the tradition of Rio de Janeiro, Brazll.. b. Activities for achlevlng objects The main activities undertaken to achieve thes8 objects are: - open access workshops to teach samba dance and percussion: - public perf0MnceS at camivals, events and festivals: participation in major festivals and events such as Notting Hill Camival; - outreach projects with young and disadvantaged people; - costume design and costume making; - float design and construction; - development of technical aspects of perfomiances: - assisting artistic development of other groups. Page 1
PARAISO SCHOOL OF SAMBA REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 OBJECTIVES AND ACTivrriES Slgnlflcant actlvltles In the year 2024-2025 these comprised the following: Majorperfomiances.. Notting Hill Camival Luton Intemational Carnival Hackney Carnlval Paralso Workshops." We provlded about 200 samba dance and p8rcusslon workshops during the year 2024-25 with more than 1,000 attendances. Publlc ben8fft The Trustees have pald du8 regard to the Charity Commission's guldance on public benefit In deciding the actlvltlas of Paralso School of Samba. Partlclpatjon In our actlvltl@s Is open to all and no membership is requlred. We provldè a range of dlscounts for under 25s to enable and encourage them to take part in workshops. Our actlv5tles encourage the public to leam and understand Rlo de Janeiro carnNal culture by 8) Participation - teachlng muslc, dance, percussion and camlval arts wllh a focus on taking part In camlval parades; b) Performance - audlences at carnlvals and other events see a culturally authentic perfomance. FINANCIAL REVIEW Prlnclpal fundlng sources Thls year we rec8Sv8d substanllal support amounting to £116,458 from Arts Council England (ACE) as one of its Natlonal Portfollo Organlsatlons (NPO) for whlch we are very grateful. Together wSth Income from our workshops, Ihis ACE support enabled us to dellver samba dance and percusslon workshops as well as parades and performances in London and other UK cltles. The NPO fundlng agreement with ACE coverlng the perlod of these accounts started on 1 April 2023. This agreement requlred us to conslder relocating to outside London and we have b88n awarded additlonal fundlng by ACE of £11,890 to research the feasibility of this. This additional funding enabled us to confimi th18 made sense. As a result, have relocated to Luton where we have longstanding relationships and are in the process of expandlng our activlties there. We now know that our ACE fundlng of £116,458fyear wlll continue untll at leasl 31 March 2027. Page 2
PARAISO SCHOOL OF SAMBA REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 FINANCIAL REVIEW Reserves pollcy The Trustees seek to build up an appropriate level of reserves to provide for ongoing administration costs and to fund expenditure on costurrEs design and construction for which income is generated latsr in the year, and to help stabilty of the organisation. Loans Paraiso School of Samba received a gift in 2006 for the purposes of making a long term loan to Paralso Samba Limited for the purchase of a vehide, plant and equipment. FUTURE PLANS Our Arts Council ErrJland support will continue until al least 31 Marth 2027 and this will provide us with financial security. This will enable us to continue our work as an Arts Council England National Portfolio Organisation and to start development of our activities in Luton. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its govemlng document and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recrultment and appointment of new trustees Trustees are recruited from vrithin the voting membership. Trustee job descriptions are circulated in adVar of the Annual General Meeting at whith Trustees are elected. Organlsatlonal structure and decision making The Trustees meet regularly to administer the tharity. They focus on the overall objects of the charity and how these should be achieved, and on the overall strategy of the organisation. The Trustees delegate the artistic direction of the organisation to a separate committee within a budget, general rules and perf0rrnan targets set by the Trustees. This committee is led by artists who have grown up in the Rio de Janeiro camNal cullure. Day-to4ay operations are carried out by professional artists supported by volunteers. Paraiso School of Samba is a company limited by guarantee and is a registered charity. Paraiso School of Samba is the sole shareholder and sole director of Paraiso Samba Limited, a company limiled by shares which carries out perfornwn arKI other activities and gifts its profits to Paraiso School of Samba at Ihe end of each year. Paraiso School of Samba is the sole member of Paraiso Limited, a CA)mpany limited by guarantee, fomied to protect the Paraiso name. Paraiso Limited is dOrnnt and has no assets. Paraiso Sch¢1 of Samba owns the trademark PARAISO registered in the UK. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in pla to provide reasonable assurance against fraud and error. The Trustees maintain a risk registw and regularly review this. Page 3
PARAISO SCHOOL OF SAMBA REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 REFERENCE AND ADMINISTrATIVE DETAILS Reglstsred Company number 05676918 (England and Wales) Registsred Charity number 1113593 Registered office 3 St Mary's Road Luton LU13JA Trustaas J Black A de Sousa Silva P D Willmott L Afric (appointed 1 October 2024) M Ribas resigned as a trustee on 9 June 2024, R B Sleernan resigned as a trustee on 24 March 2025 and B Fernandez resigned as a trustee on 10 June 2025. REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner J Pomroy Pomroy Associates Ltd 14a Meadway Court Rutherford Close Stevenage Hertfordshire SG12EF Approved by order of the board of trustees on i>/ 2025 and signed on its behalf bsr. L Afric- Trustee Page 4
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF PARAISO SCHOOL OF SAMBA Independent examlnerfs report to the trustses of Paraiso School of Samba (Ihe Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and basls of rnport As the charitys trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirents of the Companies Act 2006 ('the 2006 Acr). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitys aczounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 ACL Independent examlnerfs statthne I have completed my examination. I confirm that no matters have come to my attention in connection with the examinalion giving me cause to believe: accounting records re not kept in respect of the Company as requir1 by sectk)n 386 of the 2006 Act; or the accounts do not accord with those re(xxds: the accounts do not comply V•ith ts accounting requirements of section 396 of the 2006 Act other than any requirement that the a(Lounts give a true and fair view which is not a matter considered as part of an independent examinatK)n; or the accounts have rK)t been prepad in accordan the mellM)ds and principles of the Statement of Recommended Practice for accounting and reporting by charilies (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concems and have come across no other matters in cnnnection with the examination to which attention should be drawn in this report In cwder to enable a proper understanding of the accounts to be reached. J Pomroy Pomroy Associates Ltd 14a Meadway Court Rutherford Close Stevenage Hertfordshire SG12EF 15 December 2025 Page 5
PARAISO SCHOOL OF SAMBA STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 70.823 29,890 100,713 68,590 Charltable activities Classes and perfonnances 25,262 25.262 27,315 Other tradlng actlvltles Investment income Other income 680 163 86 249 Total 96,928 29,976 126.904 95,907 EXPENDITURE ON Raising funds Charitable activftles Classes and perfonmances 90,581 18.631 109.212 89,011 Other 1.320 1,260 Totsl 91,901 18,631 110,532 90,271 NET INCOMEI(EXPENDITURE) 5,027 11.345 16.372 5,636 RECONCILIATION OF FUNDS Total funds brought forward 14,592 14,592 8,956 TOTAL FUNDS CARRIED FORWARD 30,964 14,592 Page 6
PARAISO SCHOOL OF SAMBA BALANCE SHEEr 31 March 2025 2025 Total funds 2024 Total funds Unreslricted Restricted fund funds Notes FIXED ASSETS Tangible assets Investments 849 849 641 29,000 29,849 29,849 29,641 CURRENT ASSETS Debtors Cash at bank and In hand 6,978 12,455 6,978 23,880 9,938 14,134 19,433 11.425 30,858 24,072 CREDITORS Amounts falling due within one year 10 (29.663) <80) (29.743) (39,121) NET CURRENT ASSETSI(LIABILITIES) 10.230) 15049) TOTAL ASSETS LESS CURRENT UABIUTIES 19,619 11.345 30,964 14,592 NET ASSEfsi{LIABILITIES) 19.619 14,592 FUNDS Unrestricted funds Restricted funds 11 19,619 11,345 14,592 TOTAL FUNDS 14,592 The charitable company is enlltled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required Ihe company to obtain an audlt of Its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responslbllltles for (a) ensuring that the charitable company keeps accounting records that comply with Seclions 386 and 387 of the Companies Act 2006 and (b) preparing financial ststements whlch give a true and fair view of the stste of affairs of the charltable company as at the end of each financial year and of its surplus or deficlt for each financial year in accordance with the requirements of Sectlons 394 and 395 and which otheThvise comply with the requirements of the Companies Act 2006 relating to financial ststements, so far as applicable to the charilable company. Page 7
PARAISO SCHOOL OF SAMBA BALANCE SHEET. continued 31 March 2025 These financial stalements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companles regime. The financial statements were approved by the Board of Trustees on signed on its behalf by. 2025 and were L Afric - Trustee Page 8
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025 ACCOUNTING POUCIES Basis of preparing the finandal statements The financial ststements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommerxled Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)., Financial Reporting Standard 102 The Financial Reporting StsrKlard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have b88n prepared under the historical cost convention, with the exception of investments whid) are induded at market value. Income All income is recognised in Ihe Statement of Financial Activities once the chaiity has entrtlement to the funds, it is probable that the inrne will be received and the amount can be measured reliably. Gifts In kind donated for distribution are induded at valuation and recognised as income when they are distributed lo the projects. Gifts donated for resale are induded in ino)me when they are sold. Donated facilities are induded at value to the company where this can be quantified and a third party is bearing the cosL No anUnts are induded in financial ststements for services donated by volunteers. Income tax recoverable in relation to donations received under GÉft Aid or deeds of covenant is recognised at time of donation. Income tax re(x)verable in relation to investrnent income is recognised at Ihe tlme the investment income is r1vable. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing charity to that expenditure, it is probable that a transfer of enOMiC benefits will be required in Settlent and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been class[fd under headings that aggregate all cost related to category. Where costs cannot be directly attiibuted to particular headlngs they have been alkxxted to aclivities on a basis consistent with the use of resources. C¢)mpany status The company is a company limited by guarantee. The members of the company are the Trustees named in the Trustees reporL In the evenl of the company being wound up. the liability in respect of the guarantee is limited to £10 per member of the c£+mpany. Taxation The charity is exempt from corpordtion tax on its charilable aclivilies. Page 9
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMEKfs - continu for the Year Ended 31 March 2025 AccouKnNG POUCIES . conlinued Tangible fixed assets Depreciation is provided at the following annual rates in order lo write off each asset over its estimated useful life. Plant and machlnery at varying rates Targible fixed assets are stated at cost less accumulated depreciation arKI any recognised impaim*nt loss. The annual depreciation charge for langible assets is sensitive to changes in the eslimated useful economic INes and residual values of the assets. The useful economic INes and residual values are reassessed annualty. They are amended when necessary to reflect current estimates. future investments and the physical condition of the assets All assets costing more than £200 are capitslised. Fund accounting General funds are unrestricted funds vthich are available for use at the discretion of the Trustees in furlherance of the general objectives of the company and which have not been designated for other purposes. Designated furKls o)mprise of restricted funds that have been set aside by the Trustees for particular purposes. Investment income, gains and losses are allocated to the appropriate fund. Further explanation of the nature and purpose of eath fund is induded in the notes to the financial statents where necessary. Investments Investments are stated at market value at the balance sheet date except for investments in group undertakings which are valued at cost less provision for impairnnts. The SOFA induded net gains arKI losses arising on revaluations and disposals of investments throughout the year. OThER TRADING ACTivmES 2025 2024 Sale of goods Page 10
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMEKfs - contlnued for the Year Ended 31 March 2025 INVESTMENT INCOME 2025 2024 Investment incx)me RAISING FUNDS Ralslng donatlons and legacles 2025 2024 Support costs NET INCOMEI(EXPENDrruRE) Net Incomel(expenditure) Is stated after chargin(edItlJ). 2025 2024 Depreciation - owned assets Independent examlner fee 113 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, reMuratiOn or other beneffts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustses. expenses There were no trustees, expenses pald for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page11
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Plant and machinery COST At 1 April 2024 Additions 6.926 339 At 31 March 2025 DEPRECIATION At 1 April 2024 Charg8 for year 6,285 131 At 31 March 2025 6.416 NET BOOK VALUE At 31 March 2025 849 At 31 March 2024 FIXED ASSET INVESTMENTS 2025 2024 Shares Loans 100 100 28.900 Shares in group undertakings MARKET VALUE At 1 April 2024 and 31 March 2025 100 NET BOOK VALUE At 31 March 2025 100 At 31 March 2024 100 Page 12
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 March 2025 FIXED ASSET INVESTMENTS - contlnued Loans to group undertakings At 1 Aprll 2024 and 31 March 2025 There were no Investment assats outside the UK. No Interest Is chargeable on the loan. The company's Investments at the balance sheet date in the share capltal of companles Include the followlng: Paralso Samba Llmfted Reglst8red offl¢e: Nature of bu81ness: Ralslng fijnds Class of share: Ordlnary holdlng 100 31.3.25 31.3.24 Aggregate capltal and reserves Profit(Loss) for the year 1,926 21 1,905 Paralso School of Samba Is also lh8 sole Member of Paralso Limited, a company Ilmited by guarantee. Paralso Llmited Is dormant and has no assets. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments and accrued income 89 2.963 714 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR .2025 2024 Trade creditors Amounts owed to group undertakings Other credltors and accruals 9,290 11,185 4,853 12.227 22,041 39.121 Page 13
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS Net movemenl In funds At 31.3.25 Al 1.4.24 Unrestrlcted funds General fund 14592 5,027 19.619 Restrfcted funds Feasibility study Latln community group project Other 11.345 11,345 Total restrlctod funds TOTAL FUNDS Nel movement In funds, Included in the above are as follows: Incomlng Resources Movement resources expended in funds Unre8tr1cted funds Gener81 fund 96,928 (91.901) 5,027 Rostrlcted funds Feasibility study Lalln community group prlect Other 11,890 17,086 1,000 (11.890) (5.741) (1,000) 11.345 Total restrlctsd funds TOTAL FUNDS 126 904 (110 532 Page 14
PARAISO SCHOOL OF SAM8A NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS - contlnued Comparalives for movement in funds Net movement in funds Al 1.4.23 31.3.24 Unrestricted funds General fund 8,956 5,636 14,592 Restricled funds Feasibility sludy Latin community group projecl Other Total restricted funds TOTAL FUNDS 14,592 Comparative net movement in funds, included in the above are as follovrfs: Incoming ReSoUrS Movement resources expended in funds Unrestricted funds General fund 95,907 (90,271 > 5,636 Restrfcted fvnds Feasibility study Latin community group project Other Total restrlcted funds TOTAL FUNDS 95,907 90,271) 5,636 Page 15
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMEKfs - continued for the Year Ended 31 March 2025 11. MOVEMEKf IN FUNDS- contlnued A current year 12 months arKI prior year 12 rnthS combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestrlcted funds General fund 8,956 10,663 19,619 Restrlcted funds Feasibilty study Latin community group project Other 11,345 Total restrlcted funds 11.345 11,345 TOTAL FUNDS 8.956 22,008 30,964 A current year 12 months and prK)r year 12 months combined nel movement in funds, induded in the above are as follows: Incoming Resources Movement resources experKled in funds Unrestrlcted funds General fund 192,835 (182.172) 10.663 Restricted funds Feasibility study Latin community group proied Other 11,890 17,086 1,000 {11,890) (5,741) 11,345 Total restrlcted funds 29,976 18,631) TOTAL FUNDS 222.811 (200 803) Page 16
PARAISO SCHOOL OF SAMBA NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS - contlnued Restricted funds include a restricted income fund relating to a grant to research the feasibllity of relocating to Luton. It also includes restricted income funds relating lo a grant to participate in London New Years Day Parade, and a grant to provide workshops and events to help rnitigate health inequalities in mlnorlty communities of the London Borough of Southwark. Both of these grants were made in respect of a collaboration with two other community groups. 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 17
PARAISO SCHOOL OF SAMBA DETAILED STATEMENT OF FINANCIAL ACTMTIES for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Reslrfcted fund funds INCOME AND ENDOWMENTS Grants Donations 68,458 28,890 97,348 65.458 70.823 29.890 100,713 68,590 Other tradlng actlvllles Sale of goods 680 Inve8tm6nt Income Investment Income 163 86 249 Charltablo actlvftlos Classes and workshops Camival reglstrat5ons Perfonnance fees and admisslon8 16.462 6,000 2.800 16,462 6,000 2.800 16,290 10,625 400 25,262 25.262 27,315 Oth•r Income Miscellaneous Income Total Incomlng resources 96.928 29,976 126,904 95,907 EXPENDITURE Other tradlng acllvltles Cost of goods sold 813 813 Charftable activitles Production fees Other productions costs Rent Marketing Motor and travel expenses Insuran, licences and permits Bad debts Forelgn exchange losses Carried forward 53,948 10,842 13.787 109 6,316 1.470 14 2,320 2,120 1.097 56,268 12,962 14,884 109 6,759 1.470 14 48,747 13,116 15,670 360 6,175 1,020 956 86,044 86,486 5,980 92.466 Page 18
PARAISO SCHOOL OF SAMBA DETAILED STATEMENT OF FINANCIAL ACTivmES for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestrict8d Restrlcted fund funds Charilable activities Brought ford Donatlons Repairs and malntenance Depreciation of tangible fixed assets 86,486 5,980 soo 92,466 500 755 131 86,044 755 131 113 87,372 6,480 93.852 86,157 Support costs Other Bookkeeplng fees Administration costs Professlonal fees 1,040 79 1.040 6.191 6.000 1,185 6,112 6,000 1,119 12.112 13.231 1,185 Governance costs SundrSes Accountsncy and legal fees 1,277 1,320 39 1,316 1.320 1,669 1,260 2,597 39 1636 2,929 Total resources expended 91,901 18.631 110.532 90,271 Net Incomel(expendlture) 5,636 Page 19
Registered number. 05732752 PARAISO SAMBA LTD DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Paraiso Samba Ltd Contents Page Company Infomiation Directors, Report Accountanys Report Profit and Loss Account Balance Sheet Notes to the Financial Statements 7-9 The followlng pages do not forni part of the statutory accounts: Trading Profft arKI Loss Accounl 10
Paraiso Samba Ltd Company Inforniatlon For The Year Ended 31 March 2025 Dlrectors Paraiso School of Samba Mr Paulo Henrique Rodrigues Da Silva Company Numbor 05732752 Reglstsred Office 10 Chalcot Square London NW1 8YB Accountants Pomroy Associates Ltd 14a Meadway Court Rutherford Close Stevenage Hertfordshire SG12EF Page 1
Paralso Samba Ltd Company No. 05732752 DlrectOV8' Report For Tho Year Ended 31 March 2025 The dlrectorn present thelr report and the fina131 statements for the year ended 31 March 2025. Dlrnctorn The direc*or8 who held office during the year were a8 follows: Paraiso Sthool of Samba Mr Paulo Hénrique Rodrigue9 Da Sllva Small Company Rul0• Th18 report hag been prepared in accordance wlth the special provi8ion8 relalng to companles subject lo the small companies regime within Part 15 of the Companles Act 2008. On behalf gtih Mr Paulo H•nrSque Rodrlgues Da Sllva Dlrector Date Page 2
Paralso Samba Ltd Accountanfs Report For The Year Ended 31 March 2026 Report to the dlractors ¢)n the Prnpai0n of tho unaudlt•d 8tslutory account8 of Paralso Samba Ltd for the year ended 31 ltsrch 2025 In (xder to asslst you to fuffil your duties urKler the Companies Aca 2006. we have prepared for yow approval the finaneial statements of Paraiso Samba Ltd for the year ended 31 March 2025 whlth comprise the Profit and Loss Account, the Balance Shee( and the related notes from the compan$ aeA)unting record8 and from inforniation and explanations you have given us. A8 a practi8ing rn•mber fThi of the Chartered Instiiute of Manageft Accountants, we are Subject to its ethlcal and other profe8slonal requirements vkntth are detailed at hity):IlvNM.cimaglobal.com. Thos report is made 801ety to the direclors of Parai80 Samba Lld in accordance with our tern18 of engagement. Our work has been undertaken 801ely to prepare for your approval the finan(xal statements of Paraiso Samba Lld and state those matters that we have agreed to sLqte to the diredorn ol Paraiso Samba Ltd in thi8 report in accordance with the requirernents of the Chartered Institute of Management AcCntants as detalled at http.'Ihyww.cimaglobal.com. To the fullest extent pemiitted by law. we do not acce or assum8 responsibllity to anyone other than the company aThl Its dlrethr for our th lx thx th18 rep It18 your duty to en8ure that Paral#o Samba Ltd has kept adequate accounting records and to wepare 8tatutory financial statements that give a tTue arKI falr vle•• of the assets. liabilities. Ilnancial posiiion and profil of PaMI80 Samba Ltd. You consider that Parai80 Sankna Lld is exempt from the statutory audlt requirement for the year. We have not been in8tN(aed to carry out an audit or a review of the financial statements of Paralso Samba Ltd. For this reason. we have not verlfied the ac4%racy ¢r crynpletene of the accounting records or information and explanation$ you have glven lo us arKI we do no( therefore, expre&8 any opinion on the Statutory finandal Date Pomroy As8ociates Ltd 14a Meadway Court Rutherford Close Stevenage Hertlordshlre SG12EF Page 3
Paralso Samba Ltd Profft and Loss Account For The Year Ended 31 March 2025 2025 2024 TURNOVER Cost of sale8 4,000 (8.644) 1,500 (9.173) GROSS LOSS (4,644) (7,673) Administrative expenses Other operating Inco (43.335) 48.000 (42,467) 51.000 OPERATING PROFrr Interest payable and simli ar dwges PROFIT FOR THE FINANCIAL YEAR 21 860 (17) 21 843 The notes on pages 7 to 9 forni part of these finClaI statements. Page 4
Paraiso Samba Ltd Balance Sheet As At 31 March 2026 2026 2024 Nole8 FIXED ASSETS Tangible A88et8 4.234 5,320 4,234 5,320 CURRENT A8SET8 Debtors Cash at bank and in hand 30,285 187 29.857 425 30,472 30,282 Crndltor8: Amounts Falllng Du• Wlthln Ona Year (3,880) {4,797) NET CURRENT A88ET8 (LIABIUTIES) 26.592 25,485 TOTAL ASSET8 LESS CURRENT UABILITIES 30,826 30.805 CrltOrS. Amounts Falllng Aft•r Mor• Than One Year (28.900) (28,900) NET ASSETS 1,928 1.905 CAPITAL AND RESERVE8 Called up share ¢apitsl Profft and Lo88 Account 100 1,826 100 1,805 SHAREHOLDERS. FUND8 1,926 1.905 Page 5
Paralso Samba Ltd Balance Sheet {contlnued As At 31 March 2025 For the year ending 31 March 2025 the company vlas entitled to exemption from audit under section 477 of the Companies Act 2006 relating to Small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying viith the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared In accordance with the provisions applicable to MPanies subject lo the small companies regime. On behalf of the board Paralso School of Samba J*Sitha Director The notes on pages 7 to 9 form part of these fjnanclal statements. Page 6
Paraiso Samba Ltd Notes to the Financlal Statements For The Year Ended 31 March 2025 1. Goneral Inforniatlon Paralso Samba Ltd Is a pl)e c(Knpany, limiied by shares. incffjraIed in EnglarKI & Wales, registered number 05732752. The registered office is 10 Chalcot Square, London. NW1 8YB. The presentthn currery of ts financial statem•)ts is the Pnd SterliNJ {£). 2. Accountlng Pollcle8 2.1. Basis of Preparakn of Financial Statoments The finarwl stateMts are prepared under the historical cost corwention arKI in aco)rdance with the FRS 102 Section 1A Small Entiiies - The Finan(ial Rwting Standard applicable in the UK and Republic of Ireland and the Conpanies Act 2006. 2.2. Turnover Tumover is measured at the fair value of the con8tderation received or le1Vable. net of discounts ar value added taxes. Tumover indudes revenue eamed from the sale of goods and from the ndering of services. Turnover from the sale of goods is reLwnised kn the signifK2nt risks and rewards of ownership of the goods has transferred to the Wer. This is usually at the poirrt that the customer has signed for the delivery of the goods. Turnover from the rendering of seNices is recognised by referen to the stage of cx)mpletion of the contra¢L The stage of completion of a corrtract is measured by comparing the costs Inrred for work performed to dats to the total estimated contract costs. Tumover is only recognised to the exient of recoverable expenses when the outccmne of a contract cannot be estimth reliably. 2.3. Tanglble Flxed Assets and Depreclatlon Tangible fixed assets are measured al cost less aCmiu1aled depreaation and any accumulated impaimRnt losses. Depreciation is provtded at rates cal1ated to lte off the cost of the fixed assets. less their estimated residual value. over their expected usefvl Ives on the fdlwng bases: Plant & MaLinery Motor Vehides tureS & Fittings Computer Equipment at varying rates on and reducirvj balance at varying rates on cosi 15% on o)st 21)& on cost The annual dep(atIon dlarge for tangible assets is sensitive to changes in the estimated useful enOMiC lives and residual value of the assets. The useful economic lives and sidUal value are aSsesSed annually. They are amended %4then necessary to refiect ojrrent estimates, future investments and the physical condiuon of the assets. 2.4. Taxatlon The tax ojrrently payable is based on taxable profft for the year. Taxable profft differs from profit as reported in the statement of comprehensive income because of iterns of income or expense that are tsxable or deductible in other year and items that are never taxable or dedudible. The companvs liabilty for current tsx is calculated uslng tax rates have been enacted or substantively enaced by the end of the reporting CONTINUED Page 7
Paralso Samba Ltd Nots8 to the Flnancial Statements {contlnuad) For The Year Ended 31 March 2025 2.4. Taxatlon - continued Deferred tax Is recognised on timing diffenCeS between the carrying amounts of assets and liabilities in the Ilnancial statements and the corresponding tsx bases used in the computatlon of taxable profit. Deferred tax liabilities are generally recognised for all taxable Ilming differences. Deferd tax assets are generally recognised for all dedudlble temporary differences to the extent that it is probable that taxable profits will be available agalnst which those deductible ts'ming differences can be ub'lised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer tyobable that Sufficient taxable profits wlll be available to allow all or part of the asset to be recoverad. Deferred tax a88ets and Ilabllltles are measured at the tax rates that are expected to apply in the perlod In which the liabillty Is settled or the asset reallsed. based on tax rates (and tax laws) that have bgen enacted or substantively enacted by the end of the reporting period. Deferred tax Ilabilitles are presented wlthln provlslons for Ilabilities and deferred tax assets within debtors. The measurement of deferred tsx liabilities and asset reflects the tsx consequences that would follow from the manner in whlch the Company expect8, at the and of the reporting period, to recover or Settle the carrying amount of its assets and liabilitie8. Current or deferred tax for the year 18 recognised in profit or1088. except when they related to items that are recogni8ed In other comprehens5ve Income or directly In equty, in whlch case. the current and deferred tax 18 a180 recogni8ed In other comprehen8lve Income or directly in equlty respectively. 2.5. Grant Incom• Grants are recognised In the profit and 1088 account in an appropriale manner that matches them wlth the expendlture towards whld) they are Intended to ¢ontrlbute. Grant8 for immediate financlal support or to cover cost8 already Incurred are recognSsed Immediately in the profjt and1088 account. Grants towards general acdvltle8 of the entlty over a 8pecific perlod are recogn18ed In the profit and loss account over that period. Grants towards fixed a$set8 are recognl8ed over the expected useful Ilve8 of the related assets and are treated a8 daferred Sncome and released to the profit and 1018 account over the useful Ilfe of the a88et concemed. All grant8 In the profft and loss aecount ar8 recogn18ed when all condltlons for recelpt have been complled wlth. 3. Av•rag• Numbor of Ernployees Average number of employees, Induding dlfe¢tors, during the yoar was: 2 (2024: 2) 4. Tanglbl• A88018 Plant & Machlnory Motor Vehlcle# Flxture8 & Computor Flttlngs equlpment Totsl Cost As at 1 Aprll 2024 AS at 31 March 2025 67,042 27.191 8,103 10,797 113.133 67.042 27.191 8.103 10,797 113,133 Doprnclatlon As at 1 Aprfl 2024 Provided during the perfad A8 at 31 March 2025 62.801 713 26.995 196 8.102 9.915 177 107.813 1,088 83,514 27.191 8.102 10.092 108,899 ..CONTINUED Page 8
Paraiso Samba Ltd Notes to the Flnancial Statements (contlnuedl For Tho Year Ended 31 March 2025 Net Book Valuo As at 31 March 2025 3.528 705 4,234 As at 1 April 2024 4,241 196 882 5,320 5. Debtors 2025 2024 Due wlthln one year Amounts owed by group undertakings Other debtors 11.185 19,100 12,227 17,630 30,285 29.857 6. Credltors: Amounts Falling Du? Wlthln One Year 2025 2024 Other creditors 3,880 4.797 7. Credltor8: Amounts Falling Due After Morn Than One Y•ar 2025 2024 Amounts owed to group undertaklngs 28.900 28,900 There are no repayment requlrements in respect of the loan from group undertaking. No interest is payable on the loan. 8. Share Capltal 2025 2024 Allotted. Called up and fully paid 100 100 Page 9
Paraiso Samba Ltd Trnrfing Profft and Loss Account For The Year Ended 31 fknr¢h 2025 2026 2024 TURNOVER Sales 4.000 1.500 COST OF SALES Production costs Motor expenses Travel and subsistenc• Repairs. new819 and maintenance Advertising and promotion Telethone and fax Depreciation 911 3.967 251 120 347 1.749 1.086 1,322 (8,644) (9.173) GROSS LO88 (4.644) (7.673) Admlnlstrthe Exp9 Rent Rates Utilittes 35.416 1.026 2.788 732 1.359 1,670 30,113 981 5,164 3.132 1.213 1.595 Premises repairs and maintenan Insurance Accountancy fees Bank ¢*arges Donations Sundry expenses 58 190 38 137 (43,335) (42,467) Other Operating Incom• Grants receivable 48.000 51,000 51,000 OPERATING PROFrr 21 Interest payable and slmilar charges Bank interest payable 17 {1n PROFIT FOR THE FINANCIAL YEAR 21 Page 10