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Company Registration No. 05665623 (England and Wales)
The Residential PA's Ltd Unaudited accounts for the year ended 31 January 2023
The Residential PA's Ltd Unaudited accounts Contents
Page
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The Residential PA's Ltd Company Information for the year ended 31 January 2023
Director
A E Robertson
Secretary
R R Taylor
Company Number
05665623 (England and Wales)
Registered Office
Suite 80 405 Kings Road London SW10 0BB UK
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The Residential PA's Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,595 
5,147 
Current assets
Debtors
37,300 
25,494 
Cash at bank and in hand
149,464 
75,728 
186,764 
101,222 
Creditors: amounts falling due within one year
(67,726)
(31,762)
Net current assets
119,038 
69,460 
Net assets
123,633 
74,607 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
123,631 
74,605 
Shareholders' funds
123,633 
74,607 
For the year ending 31 January 2023 the company was 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2023 and were signed on its behalf by
A E Robertson Director Company Registration No. 05665623
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The Residential PA's Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
The Residential PA's Ltd is a private company, limited by shares, registered in England and Wales, registration number 05665623. The registered office is Suite 80 , 405 Kings Road, London, SW10 0BB, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
Client bank account
The Company maintains a separate bank account for cash held on behalf of its clients. This cash is maintained to enable the Company to fund purchases on behalf of the clients relating to their properties that are managed and maintained by the Company. These purchases are either made through the Company's own bank account or company credit cards and are reimbursed from this separate bank account. This bank account is not reflected in the Company's financial statements but as at 31 January 2023 the cash balance was approximately £29,246 (2022: £76,928).
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The Residential PA's Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
15,850 
616 
16,466 
Additions
354 
382 
736 
At 31 January 2023
16,204 
998 
17,202 
Depreciation
At 1 February 2022
11,099 
220 
11,319 
Charge for the year
1,188 
100 
1,288 
At 31 January 2023
12,287 
320 
12,607 
Net book value
At 31 January 2023
3,917 
678 
4,595 
At 31 January 2022
4,751 
396 
5,147 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,060 
24,866 
Accrued income and prepayments
240 
628 
37,300 
25,494 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
30,986 
18,717 
Trade creditors
3,205 
1,455 
Taxes and social security
27,326 
10,025 
Other creditors
2 
63 
Loans from directors
3,293 
- 
Accruals
2,914 
1,502 
67,726 
31,762 
7
Controlling party
The Company is controlled by A E Robertson by virtue of her shareholding.
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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