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REGISTERED NUMBER: 05408129 (England and Wales)


















Pytrad Limited

Unaudited Financial Statements for the Year Ended 31st March 2023






Pytrad Limited (Registered number: 05408129)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pytrad Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: P.H. Yu
H.K. Yu





SECRETARY: J.H.Q. Yu





REGISTERED OFFICE: 6A Court Close
Maidenhead
Berkshire
SL6 2DL





REGISTERED NUMBER: 05408129 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Pytrad Limited (Registered number: 05408129)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 715 -
Investment property 5 1,301,010 1,301,010
1,301,725 1,301,010

CURRENT ASSETS
Debtors 6 3,151 3,988
Cash at bank and in hand 57,704 82,167
60,855 86,155
CREDITORS
Amounts falling due within one year 7 14,994 17,596
NET CURRENT ASSETS 45,861 68,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,347,586

1,369,569

PROVISIONS FOR LIABILITIES 8,003 8,003
NET ASSETS 1,339,583 1,361,566

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 52,458 52,458
Retained earnings 1,287,025 1,309,008
SHAREHOLDERS' FUNDS 1,339,583 1,361,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Pytrad Limited (Registered number: 05408129)

Balance Sheet - continued
31st March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2023 and were signed on its behalf by:





P.H. Yu - Director


Pytrad Limited (Registered number: 05408129)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Pytrad Limited is a private company, limited by shares , registered in England and Wales. 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income is recognised over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in statement of comprehensive income.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Pytrad Limited (Registered number: 05408129)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,029
At 31st March 2023 1,029
DEPRECIATION
Charge for year 314
At 31st March 2023 314
NET BOOK VALUE
At 31st March 2023 715

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 1,301,010
NET BOOK VALUE
At 31st March 2023 1,301,010
At 31st March 2022 1,301,010

Investment properties are held at their aggregate market value, as assessed by the directors at the year end date.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,151 3,988

Pytrad Limited (Registered number: 05408129)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 11,726 10,212
Other creditors 3,268 7,384
14,994 17,596