2021-02-012022-01-312022-01-31false00604241EDWARD PAUL & CO 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EDWARD PAUL & CO LIMITED

Registered Number
00604241
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2022

EDWARD PAUL & CO LIMITED
Company Information
for the year from 1 February 2021 to 31 January 2022

Directors

PAUL, Janet
PAUL, Nicholas Anthony

Registered Address

1 Gemini Court,
42a Throwley Way,
Sutton
SM1 4AF

Registered Number

00604241 (England and Wales)
EDWARD PAUL & CO LIMITED
Statement of Financial Position
31 January 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets51,2411,552
Investments6533,662500,987
Investment property7459,287-
994,190502,539
Current assets
Stocks-459,287
Debtors5,42513,639
Cash at bank and on hand266,276472,915
271,701945,841
Creditors amounts falling due within one year9(53,503)(182,703)
Net current assets (liabilities)218,198763,138
Total assets less current liabilities1,212,3881,265,677
Net assets1,212,3881,265,677
Capital and reserves
Called up share capital6,8666,866
Other reserves3,3343,334
Profit and loss account1,202,1881,255,477
Shareholders' funds1,212,3881,265,677
The financial statements were approved and authorised for issue by the Board of Directors on 25 August 2022, and are signed on its behalf by:
PAUL, Nicholas Anthony
Director
Registered Company No. 00604241
EDWARD PAUL & CO LIMITED
Notes to the Financial Statements
for the year ended 31 January 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where goods are included in sales, turnover represents sales of these goods net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Office Equipment20
Investment property policy
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Listed investments are measured at fair value where the difference between cost and fair value is material. Changes in fair value are included in the profit and loss account.
4.Employee information

20222021
Average number of employees during the year22
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 February 213,6759293,7988,402
At 31 January 223,6759293,7988,402
Depreciation and impairment
At 01 February 212,5668873,3976,850
Charge for year222980311
At 31 January 222,7888963,4777,161
Net book value
At 31 January 22887333211,241
At 31 January 211,109424011,552
6.Fixed asset investments
The fair value of the following investment has been arrived at on the basis of a valuation carried out by the external party by reference to the latest available mid-market prices at the balance sheet date.

Other investments other than loans

Total

££
Cost or valuation
At 01 February 21500,987500,987
Revaluations32,67532,675
At 31 January 22533,662533,662
Net book value
At 31 January 22533,662533,662
At 31 January 21500,987500,987
7.Investment property
During the year, the development property at 219 Tarring Road has been transferred to Investment Property. The fair value of the above investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

£
Transfers to tangible assets459,287
At 31 January 22459,287
8.Debtors within one year

2022

2021

££
Trade debtors / trade receivables5,2379,623
Other debtors1884,016
Total5,42513,639
9.Creditors within one year

2022

2021

££
Trade creditors / trade payables1,47911,036
Taxation and social security31124,615
Other creditors51,99347,052
Total53,503182,703