PALOMA II (INDUSTRIAL) I LLP

Company Registration Number:
OC423581 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

PALOMA II (INDUSTRIAL) I LLP

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PALOMA II (INDUSTRIAL) I LLP

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

Acquisition and Management of leasehold and freehold property in the UK and other property interests for investment purposes



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

Bradley Troy


The director shown below has held office during the period of
1 January 2022 to 10 November 2022

Wendy Walker


The director shown below has held office during the period of
10 November 2022 to 31 December 2022

Alain Kennedy


Secretary LHJ Secretaries Limited

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 April 2023

And signed on behalf of the board by:
Name: Bradley Troy
Status: Director

PALOMA II (INDUSTRIAL) I LLP

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 4,005,076 3,130,663
Cost of sales: ( 695,760 ) ( 784,732 )
Gross profit(or loss): 3,309,316 2,345,931
Distribution costs: ( 861,197 ) 9,850,067
Administrative expenses: ( 70,527 ) ( 71,288 )
Other operating income: 0 0
Operating profit(or loss): 2,377,592 12,124,710
Interest receivable and similar income: 460,490 116,815
Interest payable and similar charges: ( 855,048 ) ( 420,860 )
Profit(or loss) before tax: 1,983,034 11,820,665
Tax: 0 0
Profit(or loss) for the financial year: 1,983,034 11,820,665

PALOMA II (INDUSTRIAL) I LLP

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets:   0 0
Investments: 3 51,351,850 50,838,243
Total fixed assets: 51,351,850 50,838,243
Current assets
Stocks:   0 0
Debtors: 4 879,214 2,020,466
Cash at bank and in hand: 9,717,211 7,360,464
Investments:   0 0
Total current assets: 10,596,425 9,380,930
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 5,944,453 ) ( 15,606,425 )
Net current assets (liabilities): 4,651,972 (6,225,495)
Total assets less current liabilities: 56,003,822 44,612,748
Creditors: amounts falling due after more than one year: 6 ( 19,101,273 ) ( 7,393,222 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 36,902,549 37,219,526
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 36,902,548 37,219,525
Total Shareholders' funds: 36,902,549 37,219,526

The notes form part of these financial statements

PALOMA II (INDUSTRIAL) I LLP

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 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.

This report was approved by the board of directors on 11 April 2023
and signed on behalf of the board by:

Name: Bradley Troy
Status: Director

The notes form part of these financial statements

PALOMA II (INDUSTRIAL) I LLP

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    The valuation is based upon assumptions and estimates such as future cash flows form assets, capital values of fixtures and fittings, plant and machinery, the appropriate capitalisation rate, any environmental matters, the overall repair and condition of the property.

    Other accounting policies

    Investment Properties, Trade and other receivables, cash and cash equivalents, trade and other payables, revenue recognition, taxation, derivatives and hedging, tenant deposits and reserves.

PALOMA II (INDUSTRIAL) I LLP

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

PALOMA II (INDUSTRIAL) I LLP

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed assets investments note

N/A

PALOMA II (INDUSTRIAL) I LLP

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 879,214 1,828,474
Prepayments and accrued income 3,868
Other debtors 188,124
Total 879,214 2,020,466
Debtors due after more than one year: 0 0

PALOMA II (INDUSTRIAL) I LLP

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 154,333 40,893
Trade creditors 639,024 587,068
Taxation and social security 254,574 0
Accruals and deferred income 367,492 315,392
Other creditors 4,529,030 14,663,072
Total 5,944,453 15,606,425

PALOMA II (INDUSTRIAL) I LLP

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 19,101,273 7,393,222
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 19,101,273 7,393,222